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Lithium Chile Begins Drilling the First Exploration Hole on its Salar de Llamara, Chile Project and Reports Increased Grades after Resampling Wells on Arizaro, Argentina
(TheNewswire) CALGARY, ALBERTA, TheNewswire, July 10, 2023 – Lithium Chi...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Begins Drilling the First Exploration Hole on its Salar de Llamara, Chile Project and Reports Increased Grades after Resampling Wells on Arizaro, Argentina \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, ALBERTA,\n \n \n TheNewswire,\n \n \n July 10, 2023 –\n \n \n Lithium Chile Inc.\n \n \n (“\n \n \n Lithium Chile\n \n \n ” or\nthe “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:LITH) (OTC:LTMCF)\n \n \n is pleased to announce that drilling has\ncommenced on the Salar de Llamara, Chile. The drilling program is an\nexciting opportunity for Lithium Chile to advance its lithium projects\nin Chile and is designed to capitalize on the renewed interest in\nChile’s lithium projects by some of the major global lithium\ncompanies.\n \n \n \n \n LLAMARA, CHILE HIGHLIGHTS:\n \n \n \n \n \n \n The initial hole, POZO LL-01, is currently at\napproximately 150-metres of the planned 500-metre depth on the\nCompany’s 100% owned Salar de Llamara, Chile.\n \n \n \n \n \n \n POZO LL-01 is the first of a four well program designed\nto explore targets identified by a 74 km TEM Geophysical program on\nthe Salar de Llamara, Chile.\n \n \n \n \n \n \n The Salar de Llamara prospect is comprised of 35,500\nhectares where historical drilling identified an underground brine\naquifer with lithium grades of 343 mg/l.\n \n \n \n \n \n \n The drilling of each well is anticipated to take\nbetween two to three weeks.\n \n \n \n \n \n \n ARIZARO, ARGENTINA HIGHLIGHTS:\n \n \n \n \n The Company also reports a significant increase in the\nlithium grades following a resampling program on the Salar de Arizaro,\nArgentina. Resampling of diamond drill holes ARDDH-01, 04 and 05,\nalong with production wells ARGENTO-01, 02 and 03 were completed by\nAMINCO S.A. using a GeoVista’s Fluid Sampler Tool and reported by a\ncertified laboratory. Work is underway to understand the impact and\nreasoning for these improved grades and what it means for the project\nas a whole. The resampling values will need to be subsequently\nvalidated by an independent, certified laboratory in order to be\nincluded in a Mineral Resource update.\n \n \n \n \n \n \n During the retesting, ARDDH-04 increased from an\naverage grade of 264 mg/l lithium to an average grade of...