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Lithium Chile Completes Reconaissance Exploration Program on Apolo and Sancarron Gold-Siver Properties In Chile (TSXV:LITH) (OTCBB:LTMCF)
(TheNewswire) CALGARY, ALBERTA – TheNewswire - December 9, 202...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Completes Reconaissance Exploration Program on Apolo and Sancarron Gold-Siver Properties In Chile (TSXV:LITH) (OTCBB:LTMCF)\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire\n-\n \n \n December 9, 2021\n \n \n –\nLithium Chile Inc. (“\n \n \n Lithium\nChile\n \n \n ” or the “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:LITH)\n(OTC:LTMCF)\n \n \n is pleased to announce it has\ncompleted an exploration program on its Apolo and Sancarron Properties\nin the El Indio gold and silver belt in Chile. This is the first\nexploration program ever conducted on these two prospects by Lithium\nChile. The program involves a helicopter born reconnaissance and\nsample program on four of the numerous alteration zones on the\nproperties. The samples collected have been delivered to the ALS\nLaboratory in La Serena, Chile for assaying. The program was designed\nto access the potentiality of both properties for high grade vein and\ndisseminated gold - silver deposits such as the multi-million ounce El\nIndio (20 km south) and Pasqua Llama (35 km north) deposits. It is\nLithium Chile's intent to seek a joint venture partner to move both\nprojects forward and the data collected from this initial program is\ndesigned to facilitate that process. The Apolo/Sancarron properties\ncover an area of 5,229 hectares in total.\n \n \n \n \n Lithium Chile also\n \n \n announces\nthat, further to its news release dated May 13, 2021, it has completed\nthe issuance of common shares of the Company (“\n \n \n Shares\n \n \n ”) pursuant\nto a consulting agreement (the “\n \n \n Agreement\n \n \n ”) entered\ninto with a third party (the “\n \n \n Provider\n \n \n ”) for the purposes of providing the\nCompany with a social media presence. The Company previously announced\nthe issuance of 211,764 Shares at a deemed price of $0.34 per Share,\nand issued 105,882 Shares at a deemed price per share of $0.34 per\nShare on August 9, 2021 and 69,231 Shares at a deemed price of $0.52\nper Share on December 6, 2021\n \n \n . All of the Shares\nissuable pursuant to the Agreement have now been issued and the debt\nhas been extinguished.\n \n \n \n \n Completion of the Agreement is subject to regulatory\napproval including, but not limited to, the approv...