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Clarification of August 23, 2018 News Release Titled: "Lithium Chile Hits 480 mg/L of Lithium Brine on 1st Drill Hole at Ollague, Chile"
Clarification of August 23, 2018 News Release Titled: "Lithium Chile Hits 480 mg/L of Lith...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nClarification of August 23, 2018 News Release Titled: \"Lithium Chile Hits 480 mg/L of Lithium Brine on 1st Drill Hole at Ollague, Chile\"\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Aug. 23, 2018\n\n\n\nTSX Venture Exchange: \"LITH\"OTC-QB: LTMCF\n\n\n\nCALGARY, Aug. 23, 2018 /CNW/ - Lithium Chile Inc. (\"Lithium Chile\") is pleased to announce that lithium-bearing brines have been intersected by the first of four drill holes at its wholly-owned Ollague project located in the Antofagasta Region of Chile. Hole DDH-OLL-01-18 encountered an aquifer hosting lithium-bearing brines at a depth of 110 meters which continued to a depth of 290 meters. This continuous 180-meter zone of brine returned grades of up to 480mg/L lithium. The average grade over the last 60 meters was 470 mg/L lithium.\n\nSteve Cochrane, President and CEO of Lithium Chile, commented: \"Hitting such a thick and continuous zone of lithium-bearing brine on our very first hole at Ollague is a huge testament to the ability of our exploration team in Chile\". \n\nHole DDH-OLL-01-18 is located in the shallower, southwestern edge of the Ollague salar and bottomed at 300 meters. Hole # 2 was also drilled in the southwestern edge of the salar (now completed) with assays pending. Hole # 3 (now completed) and hole # 4 (in progress) are targeting the center of the Ollague salar where the Company anticipates that the zone will continue to deeper depths.\n\nThe depths intersected coincide very closely with the main low conductivity zone detected by the transient electromagnetic survey (\"TEM\") completed by Lithium Chile during March, 2018 ...