Business
International Lithium and Pioneer Resources Announce the Completion of Drilling at the Mavis Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - March 13, 2017) - International Lithium Corp. (...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"\nInternational Lithium and Pioneer Resources Announce the Completion of Drilling at the Mavis Lithium ProjectVancouver, British Columbia--(Newsfile Corp. - March 13, 2017) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") is pleased to announce, with strategic partner Pioneer Resources Limited (ASX: PIO) (\"Pioneer\"), the completion of the first phase of Pioneer's drill program at the Mavis Lake Lithium Project in the province of Ontario, Canada. Further to the Company's news releases dated February 7 and February 8 announcing the commencement and certain progress of exploratory drilling activities at the Mavis Lake lithium pegmatite project currently under option to Pioneer, ILC has received confirmation from Pioneer, the operator of the project, that the drilling program is now complete.Analytic results are not yet available for the recently completed drill program and ILC has not yet had the opportunity to have a \"Qualified Person\" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, review and approve the scientific and technical information collected and presented by Pioneer.Results of the drilling program will be presented as they become available.About International Lithium Corp.International Lithium Corp. is an exploration company with significant portfolio of projects, strong management, robust financial support, and a strategic partner and keystone investor, Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.The Company's primary focus is the strategic stake in the Mariana lithium-potash brine project, a joint venture with Ganfeng Lithium Co. Ltd. (\"GFL\"), located within the renowned South American \"Lithium Belt\" that is the host to the vast majority of global lithium resources, reserves and production. The Mariana project strategically encompasses an entire mineral rich evaporite basin, totalling 160 square kilometres, that ranks as one of the more prospective salars or 'salt lakes' in the region. Current ownership of the project is through a joint venture company, Litio Minera Argentina S. A. a private company registered in Argentina, owned 80% by Gfl 20% by ILC. In addition, ILC has an option to acquire 10% in the Mariana project through a back-in right. Complementing the Company...