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International Lithium Corp. Negotiating Option Agreement for the Mariana Potash-Lithium Brine Project, Argentina
(via Thenewswire.ca) Stock Symbol: ILC:TSXV Shares CUSIP: #459820 10 6 Warrants Symbol: I...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"\nInternational Lithium Corp. Negotiating Option Agreement for the Mariana Potash-Lithium Brine Project, Argentina\n\n(via Thenewswire.ca)\n \n \nStock Symbol: ILC:TSXV\nShares CUSIP: #459820 10 6\nWarrants Symbol: ILC.WT\n\n\n \nWarrant CUSIP: #459820 11 4 \n\n \n \nVancouver B.C. April 30, 2013: International Lithium Corp. (\"ILC\" or the \"Company\") (ILC: TSX-V) reports that the Company is considering providing an opportunity to a third party to enter into an option agreement on the Mariana project, Argentina. The Mariana project is currently under an option agreement whereby ILC can earn a 100% ownership interest in the nine mineral concessions that enclose Salar de Llullaillaco within the \"Lithium Triangle\" in Salta, Argentina, more commonly referred to as the Mariana project. The transaction, if completed, would allow ILC to make all remaining necessary cash payments to secure an unencumbered ownership of the project.\n\n \n \nAbout the Mariana Project\n\n \n \nThe Mariana potash-lithium brine project at Salar de Llullaillaco in Salta, Argentina, consists of several contiguous mining claims that cover an expansive 160 square kilometres. The claims strategically encompass the entire salar and a significant portion of the surrounding area (to provide site facilities for a processing plant if the project proves to be economically viable). The claims are 100% wholly optioned by the Company.\n\n \n \nSalars, or salt lakes, host some of the largest known lithium resources in the world and the Mariana basin is one of the more prominent salars in the renowned lithium belt of South America, currently accounting for more than 70% of global lithium production.\n\n \n \nInitial surface brine sampling revealed highly compelling geochemistry reporting average grades of 440 milligrams per litre (\"mg/L\") lithium and 12,700 mg/L potassium. The potassium levels were unexpected and represent some of the highest grades comparative to any of the neighbouring salars outside of the world-class operation on the Atacama salar in Chile.\n\n \n \nInternational Lithium Corp. previously drilled four widely spaced reverse circulation drill holes (totalling 444 metres and positioned approximately 5 kilometers apart) to characterize the subsurface strata and brine within the 10 x 15 kilometer salar (salt lake). Results indicate homogeneous geochemic...