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Lithium Chile Announces Completion of First Drill Hole on the Turi Property and Results from Recent Check Assays on the Laguna Blanca Property
Calgary, Alberta--(Newsfile Corp. - February 4, 2020) -   Lithium Chile Inc. (TSXV: LITH)...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Announces Completion of First Drill Hole on the Turi Property and Results from Recent Check Assays on the Laguna Blanca PropertyCalgary, Alberta--(Newsfile Corp. - February 4, 2020) -  Lithium Chile Inc. (TSXV: LITH) (OTCQB: LTMCF) (\"Lithium Chile\" or the \"Company\") is pleased to announce that drilling of the first target on its Turi prospect has been completed and samples have been sent to ALS laboratory for analysis and results are pending. The rig has currently been shut down as the Company wishes to review the results before a second location is initiated. The Company has also been informed that the court access order for its Coipasa prospect continues to proceed with the final compensation award expected shortly. Lithium Chile views their Coipasa prospect as one of the more attractive exploration targets and with the final access order the Company intends to drill the first of its three exploration targets as soon as possible. This may result in moving the rig to Coipasa before a second hole is drilled on Turi.Results from a recently concluded program of re-analysis of surface salt rich, silt and clay samples from the Company's Laguna Blanca prospect have returned unusually high assays for Rare Earth Elements, especially Cesium. Cesium is considered a rare element used primarily in electronics and has recently been designated a strategic mineral in the U.S. The assays from widely spaced hand auger holes to 1.3m depth outline an open ended area of about 4 square kilometres containing Cesium values ranging from 112 - 688 grams per tonne associated with high lithium ranging from 1130 -1450 ppm. Recent spot prices for Cesium metal have ranged from $36.00 per gram up to US$130.00 per gram (US$1080 to US$3640 per ounce) depending on purity.Laguna Blanca ProjectTo view an enhanced version of this image, please visit:https://orders.newsfilecorp.com/files/5962/52071_05f0ccfcf465ba78_001full.jpgSteve Cochrane, President and CEO of Lithium Chile comments, \"The presence of Cesium on our Laguna Blanca prospect adds another potentially valuable mineral in addition to interesting lithium values. We continue to build a portfolio with diverse opportunities over a range of elements.\"This news release has been reviewed by Terence Walker, P. Geo., Vice President of Exploration of the Company and a qualified person as t...