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Lithium Chile Executes An Mou with Remsa for Additional Claims on the Salar de Arizaro, Salta Province, Argentina
(TheNewswire) CALGARY, ALBERTA – TheNewswire - June 20, 2022 ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Executes An Mou with Remsa for Additional Claims on the Salar de Arizaro, Salta Province, Argentina\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire\n-\n \n \n June 20, 2022\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) (OTC:LTMCF)\n \n \n is pleased to announce the execution of a Memorandum of\nUnderstanding (“\n \n \n MOU\n \n \n ”) between its 100% owned Argentinian\nsubsidiary, Argentum Lithium S.A. (“\n \n \n Argentum\n \n \n ”) with\nRecursos Energeticos Y Mineros De Salta S.A. (“\n \n \n REMSA\n \n \n ”), the\nstate-owned mining company of the Province of Salta, Argentina.\n \n \n \n \n The MOU, signed at the PDAC convention in Toronto on\nJune 15, 2022, provides Lithium Chile with a collaborative framework\nfor exploration and development of over 4,680 additional hectares on\nthe Salar de Arizaro in Argentina.  Lithium Chile previously\nannounced an initial resource of 1.42M tonnes of lithium hydroxide as\na result of its maiden well drilled on the Arizaro salar. The addition\nof this significant land position on the salar will take the\nCompany’s Arizaro salar land position to over 27,980 hectares –\nrepresenting a very significant and strategic land position.\n \n \n \n \n The MOU marks the beginning of a collaboration between\nREMSA and Lithium Chile.  REMSA will carry out preliminary tasks\nincluding scientific and technological research to ensure that the\nparties are have accurate technical information pertaining to the\npotential resource on the additional lands on the Arizaro salar. These\ntasks will include additional geophysical surveys designed to\ndetermine geological setting and characteristics, chemical composition\nvia surface sampling, preliminary drilling and subsequently an\nin-depth analysis of those results to determine levels of recovery,\ndepth, and accessibility; - all targeted to establish the\nconcentrations of, and extent of, lithium, potassium and other\nassociated minerals that could exist within the area of\ninterest.\n \n \n \n \n Subject to results of the exploration activities\ndescribed above, Lithium Chile is entitled to exercise the option\ncontained in t...