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International Lithium Receives Notice of License Renewals for the Avalonia Lithium Project, Ireland
VANCOUVER, BC / ACCESSWIRE / December 8, 2015 / International Lithium Corp. (TSXV: ILC.V ) (...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Receives Notice of License Renewals for the Avalonia Lithium Project, IrelandVANCOUVER, BC / ACCESSWIRE / December 8, 2015 / International Lithium Corp. (TSXV: ILC.V) (the \"Company\" or \"ILC\") is pleased to announce that on December 7, 2015 the Company received confirmation from the Exploration and Mining Division, Department of Communications, Energy and Natural Resources, Republic of Ireland that all eight (8) prospecting licenses that make up the Avalonia Lithium Project were renewed following acceptance of the Company's work reports and the required six-year review process. The prospecting licences are renewed for a period of six (6) years making them valid until August 6, 2021.\nFurther to the license renewal, in preparation for magnetic surveys within the anomalous geochemical areas, the Company has compiled magnetic susceptibility measurements from select drill core samples collected during drilling campaigns on the project. The magnetic susceptibility data confirm that the spodumene bearing pegmatites have virtually zero magnetic susceptibility in contrast to neighbouring granitic lithologies which have distinct elevated magnetic susceptibility and schistose host rocks that report magnetic susceptibilities an order of magnitude higher than the granites. The stark contrast in these physical properties should allow the Company to use high-resolution ground based magnetometer surveys to map the contact zone between the pegmatites and host rocks through cover. Based on these preparatory results the Company anticipates the magnetometer surveys will provide an accurate and efficient method of developing drill targets.\nThe Company has received approval from their strategic partner, Ganfeng Lithium Co. Ltd., (\"GFL\"), for a budget of approximately 750,000 Euros for the 2016 Avalonia exploration season. As a result, the Company will begin magnetometer surveying in early 2016 as preparation for another round of drill testing later in the year.\nMr. Kirill Klip, President, International Lithium Corp. comments, \"The Avalonia project joint venture, fully funded by strategic partner Ganfeng Lithium Co. Ltd., (\"GFL\"), could be of strategic importance to the European Union should a sufficient resource be identified. Clean fuel technologies for motor vehicles are becoming increasingly important to the Europe...