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International Lithium Reports on 2018 Avalonia Drill Results
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2019) - International Lithium Corp. (...
About this update from Ilc Critical Minerals Limited
[{"type":"text","content":"International Lithium Reports on 2018 Avalonia Drill ResultsVancouver, British Columbia--(Newsfile Corp. - April 11, 2019) - International Lithium Corp. (TSXV: ILC) (the \"Company\" or \"ILC\") reports analytical results for the 2018 drill program at the Avalonia lithium pegmatite project in Ireland. The results were received from the Company's joint venture partner, GFL International Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (\"Ganfeng Lithium\" or \"GFL\"). GFL is the Operator of the project (see the Company's news release dated May 14, 2018 for further details).A total of 1947.6 metres of NQ diameter core drilling was completed in fifteen drill holes spanning a strike length of approximately 400 metres at the Moylisha prospect of the Avalonia Project. The drilling to date suggests that the pegmatites, including spodumene pegmatites, are open to the northeast and southwest along strike and at depth.Current ownership of the Avalonia Project is through a joint venture company, Blackstairs Lithium Limited, a private company registered in Ireland, owned 55% by Ganfeng Lithium and 45% by ILC. In addition, Ganfeng Lithium has an option to acquire another 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% Ganfeng Lithum and 21% ILC.2018 Drilling HighlightsSeveral of the drill holes have successfully intercepted multiple occurrences of spodumene bearing pegmatites. Table 1 summarizes intervals with the most significant lithium results. Note that the reported widths are drill intercept widths and do not represent true thickness. See Table 2 for coordinate locations and orientation of the drill holes.Sample intervals with ≥ 1.00% Li2O are reported (with the addition of one at 0.99%). All drill hole widths are drill intercepts and do not represent true thickness of the mineralization. True thickness of the mineralization is not known at this time.Adjacent samples were composited and shoulders or contained samples were included. Isolated samples with ≥ 0.50% Li2O were noted as geologically significant anomalies that may aide in interpretation but are not included here as part of the summary results.A review of the QA/QC data was conducted. No issues were noted in the results returned...