Business
Lithium Chile Commences Drilling at Ollague, Chile
Lithium Chile Commences Drilling at Ollague, Chile Canada NewsWire CALGARY, June...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nLithium Chile Commences Drilling 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, June 28, 2018\n\n\n\nTSX Venture Exchange: \"LITH\"OTC-QB: LTMCF\n\n\n\nCALGARY, June 28, 2018 /CNW/ - Lithium Chile Inc. (\"Lithium Chile\" or the \"Company\") is pleased to announce that it has commenced a four-hole drill program at its Ollague project in Chile, where a recently-completed sampling program encountered lithium brines assaying from 160mg/l to a high of 1220mg/l. \n\n\n \n \n\n \nHoles will be drilled to a minimum 250 metres (m) or deeper based on drilling conditions and brine content. The drill rig will run 24 hours per day. \n\nDrilling will focus on high priority conductive targets identified in the recent transient electromagnetic survey (TEM) (see new release dated April 3, 2018). The survey indicated these conductive units to be open-ended horizontal zones varying from 20 to over 200 m in thickness and within 20 to 120 metres of surface. The company believes these low resistivity zones reflect saline aquifers. A recently re-entered 110m deep water well just outside the property border was flushed, allowed to recharge then sampled. The brine samples that were collected, contained 1220 mg/l of lithium.\n\nSteve Cochrane, President and CEO of Lithium Chile, commented, \"After amassing one of the largest lithium land packages in Chile, we have now begun drilling on one of our more advanced projects which have had sampling and geophysics completed on them. The new government has been clear in its support for the lithium sector and we are similarly encouraged by the strong community support we have received.  This is an exciting new growth phase for the Company and our goal is to maximise our early-mover exploration advantage in Chile.\" \n\nOllague Project Highlights\n\n\n3500 hectares on the Salar de Ollague.\nLocated near the town of Ollague and close to infrastructure.\nComprehensive sampling program has encountered near-surface lithium brines assaying from 160 to 1220mg/L lith...