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Lithium Chile Increases Lithium Resource by 28% with Grades of up to 584 mg/L from Diamond Drill Hole 5, Salar de Arizaro, Argentina
(TheNewswire) CALGARY, ALBERTA – TheNewswire - June 12, 2023 – ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Increases Lithium Resource by 28% with Grades of up to 584 mg/L from Diamond Drill Hole 5, Salar de 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 \n \n CALGARY, ALBERTA –\n \n \n TheNewswire -\n \n \n June 12, 2023\n–\n \n \n Lithium Chile Inc.\n \n \n (“\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 the results\nof an updated 43-101 resource report at the Salar de Arizaro. The\nCompany reports that its diamond drill hole, ARDDH-05, added 671,000\ntonnes of lithium carbonate equivalent (LCE) for a current project\ntotal, indicated and inferred resource of 3,323,000 tonnes of\nLCE.\n \n \n \n \n RESOURCE HIGHLIGHTS:\n \n \n \n \n \n \n Diamond drill hole ARDDH-05 added 169,000 indicated\ntonnes of LCE and 502,000 inferred tonnes of LCE, for a total of\n671,000 tonnes of LCE.\n \n \n \n \n \n \n The highest lithium grades on the Arizaro property to\ndate, ARDDH-05 recorded grades of 584 mg/l.\n \n \n \n \n \n \n \n \n \n Identifier\n \n \n \n \n \n \n Resource Category\n \n \n \n \n \n \n Increase since Dec. 2022\n \n \n \n \n (NI 43-101)\n \n \n \n \n \n \n General Location\n \n \n \n \n \n \n Notes\n \n \n \n \n \n \n \n \n ARDDH-05\n \n \n \n \n \n \n Indicated\n \n \n \n \n \n \n 169,000 tonnes LCE equivalent\n \n \n \n \n \n \n \n \n \n \n \n \n \n Indicated Resource from 110 to 210 m bls based on the\nwell completion and sample results above the cut-off grade\n \n \n \n \n \n \n \n \n ARDDH-05\n \n \n \n \n \n \n Inferred\n \n \n \n \n \n \n 502,000 tonnes LCE equivalent\n \n \n \n \n \n \n \n \n \n \n \n \n \n Assuming high grade (516 mg/L average) from 210 to 424\nm bls; Inferred to west corresponds to Argento-02 Inferred\n \n \n \n \n \n \n \n Resource\nCalculations for ARDDH-05, Salar de Arizaro\n \n \n \n \n (note: tonnages\nare rounded to the nearest thousand and a 200 mg/L cut-off grade was\nassumed)\n \n \n \n \n \n \n The addition of ARDDH-05 to the Company’s 43-101\nresource report increased the Company’s total estimated LCE resource\nby 28%, to a total of 3,323,000 tonnes of LCE.\n \n \n \n \n \n \n Total estimated LCE resource for the Salar de Arizaro\nproject is 1,530,000 tonnes LCE o...