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International Lithium Reports Drilling Commences at the Avalonia Lithium JV, Ireland
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2018) - International Lithium Corp. (TS...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Reports Drilling Commences at the Avalonia Lithium JV, IrelandVancouver, British Columbia--(Newsfile Corp. - May 14, 2018) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") is pleased to announce, together with joint venture partner GFL International Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (\"Ganfeng Lithium\" or \"GFL\") the commencement of drilling at the Avalonia lithium pegmatite project (\"Avalonia JV\") in Ireland, a joint venture between the two companies.As announced on January 11, 2018, ILC and Ganfeng Lithium approved a Euro 705,000 (approximately CAD$1 million) budget for the 2018 calendar year for the Avalonia JV.The 2018 drilling will take place in two phases with a total of approximately 2,000 metres drilling at the Moylisha target area. The first phase which has already started, will focus on drilling in proximity to the previous drilling from 1976 and 2013 to aid in the interpretation of geophysical work conducted in 2017. The second phase of drilling will target previously undrilled areas at Moylisha and any new targets identified during the first phase. A total of 25 sites have been permitted for drilling although not all will be drilled.Each phase of drilling is expected to take about six weeks (totalling twelve weeks for the entire programme). Moylisha is believed to be a highly prospective target area. It has extensive boulder trains of spodumene-bearing pegmatite assaying up to 4.59% Li2O* on grab samples which have yet to be traced back to source.* Previously reported grab sample in a Company news release dated January 31, 2012. Grab samples are by definition selective and are unlikely to represent average grades on the property.The ownership of the Avalonia project is currently 55% GFL and 45% ILC. GFL have an option to earn an additional 24% by either incurring CAD$10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% GFL and 21% ILC.Afzaal Pirzada, P.Geo., a consultant to the Company and a \"Qualified Person\" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.About International Lithium Corp.International Lit...