Business
Lithium Chile Identifies 60km(2) High-priority Target Area At Helados, Chile, Preps For Imminent Drill Program
Lithium Chile Identifies 60km(2) High-priority Target Area At Helados, Chile, Preps For Im...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nLithium Chile Identifies 60km(2) High-priority Target Area At Helados, Chile, Preps For Imminent Drill Program\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, Feb. 28, 2018\n\n\n\nTSX Venture Exchange: \"LITH\" \n\n\n\nCALGARY, Feb. 28, 2018 /CNW/ - Lithium Chile Inc. (\"Lithium Chile\" or the \"Company\") is pleased to announce that it has identified a 60+ square kilometre (km2) lithium brine target area at its Helados project in Chile.  The open-ended, low resistivity zone was discovered by Transient Electromagnetic surveys (TEM) within the northwest trending axis of the Salar Tara-Laguna Helada basin. Importantly, this area displays the same characteristics as the lithium-rich principal aquifers at Salar de Atacama, home to the world's largest and highest-grade lithium brine mine. The Company is currently prepping for an initial drill program at Helados, expected to commence March, 2018. \n\nProject Highlights\n\n\nHigh-Priority Target: Large (60km2) lithium brine target area identified at Helados project in Chile.\nImminent Drilling: Drill program will commence in March, 2018, focusing on the high-priority target area.\nProject Size and Grades: Helados consists of 22,700 hectares. It has high-grade results from sampling, including assays from near-surface sampling program of up to 1280 mg/L lithium.\nExcellent Chemistry: Sampled lithium brines at Helados have excellent chemistry including an Li:K ratio of 0.1 and an Mg:Li ratio of 2.6.\nClose to Infrastructure: Located 80 km due east of Salar de Atacama in the Andean Lithium Belt and accessible year-round by paved highway and a 5km gravel road from the town of San Pedro de Atacama.\n\nThe reconnaissance survey completed to date, which partially covers the south half of the Helados property, indicates a horizontal zone varying from 100 to 300 metres (m) in thickness, starting at about 150-200 m depth, which the Company believes reflects a saline aquifer (resistivity values of generally less than 3 ohms). The SW flank of the zone underlies the se...