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Ganfeng Lithium and International Lithium Approve USD 12 Million Budget to Accelerate the Mariana Lithium Brine Project in Argentina
VANCOUVER, BC / ACCESSWIRE / July 18, 2016 / International Lithium Corp. (TSXV: ILC) (the "C...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"Ganfeng Lithium and International Lithium Approve USD 12 Million Budget to Accelerate the Mariana Lithium Brine Project in ArgentinaVANCOUVER, BC / ACCESSWIRE / July 18, 2016 / International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") is pleased to announce that together with strategic partner Ganfeng Lithium Co. Ltd., (\"GFL\", collectively \"the Companies\") a budget of US $12 million is approved to accelerate the exploration and development program currently underway at the Mariana Lithium project in Argentina (News Releases May 11 and June 16, 2016).\nImage: https://www.accesswire.com/uploads/lithium71816.jpg \nGanfeng site visit to Mariana Lithium Brine Project in Argentina\nCannot view this image? Please visit http://orders.newsfilecorp.com/files/3232/21643_a1468810609654_98.jpg to view this image\nFollowing a recent, highly encouraging site visit, executives from GFL and ILC reviewed and approved a budget proposal to complete definitive technical studies. These studies are critical for the filing of environmental permit applications to conduct pilot scale evaporation testing at the Mariana project site.\nTo achieve this, the Companies will extend the current drilling program and aim to have a maiden resource calculated for a portion of Salar de Llullaillaco in the fall/winter of 2016. In addition, the Companies will employ the results from recent bench scale evaporation and liming tests to design and construct a series of small scale evaporation test ponds at site. Hydrological, aquifer characterization, and environmental studies will be scheduled to meet the permitting target as well as short and long term pumping tests.\n\"Our combined perseverance over the last five years has culminated in this momentous milestone. We look forward with our strategic partner Ganfeng Lithium to the advancement of the Mariana Lithium brine project towards operational permitting\" states Mr. Kirill Klip, President, International Lithium Corp. \"This is a clear indication that our careful approach in identifying high quality projects at an early stage of development, whether they are brines or pegmatites, and sourcing strategic partners to assist in the development of these assets is proven successful. ILC intends to apply this approach and rapidly advance the Company's portfolio of high quality lithium projects in this increasin...