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Lithium Chile Announces Drilling Plans for a 5th Hole to 500 Meters on Ollague Property
Lithium Chile Announces Drilling Plans for a 5th Hole to 500 Meters on Ollague Property ...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nLithium Chile Announces Drilling Plans for a 5th Hole to 500 Meters on Ollague Property\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Sept. 5, 2018\n\n\n\nTSX Venture Exchange: \"LITH\"\n\n\n\nCALGARY, Sept. 5, 2018 /CNW/ - Lithium Chile Inc. (\"Lithium Chile\" or the \"Company\") is pleased to provide an update on their current drilling program. Based on strong indicators from their first four exploration holes on their Ollague prospect, Lithium Chile has been approved for a fifth hole that will extend the drilling depth from 250 meters to 500 meters.\n\nFour exploration holes were originally planned and have now been successfully completed at Ollague. Results from the first hole were disclosed in a News Release dated August 23, 2018 and results from the remaining three holes are pending. Lithium Chile encountered grades in the brine in the first hole ranging up to 480 mg/l lithium with grades steadily increasing from 120 meters to its final depth of 300 meters. The first and second holes were drilled on the edge of the Ollague salar while holes three and four moved into the center of the basin.\n\nHoles 3 and 4 were completed to a depth of 250 meters and were still in a porous brine formation when drilling was suspended as per the surface rights contract negotiated with the community of Ollague. Data collected at the drill sites indicated high salinity brines beginning at approximately 150 meters and open at depth at the time drilling was suspended.\n\nBased on these indicators, Lithium Chile has made the decision to pursue a 5th hole in the center of the basin and north of holes three and four. Surface access has been successfully negotiated resulting in road and pad construction being completed over the past weekend with drilling planned to commence on Tuesday September 4th. The top 50 meters of this fifth hole will be cased with surface casing to prevent up hole caving and to reduce the amount of contamination of the deeper brine targets from near surface fresh water zones. The target depth on th...