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International Lithium Corp. Begins Reconnaissance Program and Renames Blackstairs Litihum Project, Ireland
(via Thenewswire.ca) Vancouver, B.C. / TNW-ACCESSWIRE / September 17, 2014: Internatio...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Corp. Begins Reconnaissance Program and Renames Blackstairs Litihum Project, Ireland(via Thenewswire.ca)\n\n \nVancouver, B.C. / TNW-ACCESSWIRE / September 17, 2014: International Lithium Corp. (the \"Company\" or \"ILC\") (TSX VENTURE:ILC.V) is pleased to announce the commencement of the first phase of a EUREUR1,600,000 (approximately CAN$2,300,000) exploration program on the newly named Avalonia Lithium project located in Leinster province of southeastern Ireland. Pursuant to the Option Agreement announced on March 19, 2014 and Company News Release dated July 30, 2014, strategic partner Ganfeng Lithium Co. Ltd. (\"Ganfeng or \"GFL\") has advanced EUREUR500,000 (approximately CAN$725,000) for the first phase of the program. \n\n \n \nThe first cash advance of the multi-phase program will be used to conduct regional scale geological mapping and geochemical surveys in preparation for drill target selection. Crews are now on-site. The newly acquired results will be compiled with existing data and known mineralized occurrences to prioritize exploratory drilling and resource delineation drilling in subsequent phases. ILC is manager of the project and will receive a management fee of up to 10% of the exploration expenditures.\n\n \n \nIn respect of the expanded scale of the target area, the Company has elected to choose a name for the project that better reflects the potential for a significant lithium discovery within the over 50 kilometre strike length of the East Carlow Deformation Zone and the associated Leinster granites that host the lithium bearing pegmatites. The project will now be known as the Avalonia Lithium project.\n\n \n \nThe name is derived from an ancient micro-continent called Avalonia which, during the closing of the Iapetus Ocean (the Caledonian orogeny), collided with the European continent (Baltica) and the North American continent (Laurentia). The collision created a deep extensive suture zone (Iapetus suture zone) well recognized as an excellent structural domain to produce Li and Rare Metal enriched pegmatite bodies. The suture extends from Norway to the British Isles, Southeast Ireland, Newfoundland, and the Eastern USA where the suture zone is known to host the Kings Mountain and Bessemer City lithium mines.\n\n \n \nThe Avalonia Lithium project's Li and Rare Metal enriched pegmatite ...