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Lithium Chile Announces 26 gms/tonne Gold and 256 gms/tonne Silver from Initial Programme on Its 100% Owned Carmona Property
Calgary, Alberta--(Newsfile Corp. - September 3, 2020) - Lithium Chile Inc. (TSXV: LITH) (OTC ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Announces 26 gms/tonne Gold and 256 gms/tonne Silver from Initial Programme on Its 100% Owned Carmona PropertyCalgary, Alberta--(Newsfile Corp. - September 3, 2020) - Lithium Chile Inc. (TSXV: LITH) (OTC Pink: LTMCF) (\"Lithium Chile\" or the \"Company\") is pleased to announce it has received assay results from the first batch of samples taken from its 100% owned Carmona gold silver property. These initial sample results support the potential for Carmona to host a number of gold/silver bearing zones. There were a number of high-grade intercepts identified from this initial sampling program. The highlights are as follows:Gold and silver values from rock samples range from 0.5 to 26.2 g/t gold and 2.1 to 256 g/t silver;Highest grade sample of 26.2 g/t gold is from newly discovered zone within the northern half of a 13 km2 central area;Phase 1 samples are from the central core alteration zone which lies along a structural axis through the central portion of the property;Anomalous samples cluster into three main areas from six to 13 km2 and totaling 26 km2;The southernmost area includes several old mine workings and rock samples from some of these workings ranged from 12.4 to 18.3 g/t gold and 95.4 to 231 g/t silver over widths of 1.5 to 2.0 metersThe Company expects to receive assays from an additional batch of rock samples by mid month. The exploration team returned to the property on August 28 to start the phase 2 detailed follow up sampling and trenching program on an expedited basis. Map 1To view an enhanced version of Map 1, please visit:https://orders.newsfilecorp.com/files/5962/63144_5df5b4a574fe4965_001full.jpg Steve Cochrane, President and CEO of Lithium Chile, comments, \"We are extremely pleased from the initial sample results from our Carmona gold/silver prospect. These early samples confirm the potential for Carmona to host a number of gold/silver deposits. We now have an expanded exploration program on the property underway and look forward to additional results soon. With the high level of interest in gold these days and indeed Lithium Chile's gold properties, it is our intention to advance exploration development on these prospects as quickly as possible.\"Qualified PersonMr. Terence Walker, M.Sc., P.Geo, qualified person within the meaning of National Instrument 43-101, has reviewed the contents of t...