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Lithium Chile Provides Corporate Update and Announces Expansion to its Helados Prospect
Lithium Chile Provides Corporate Update and Announces Expansion to its Helados Prospect ...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nLithium Chile Provides Corporate Update and Announces Expansion to its Helados Prospect\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\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Nov. 20, 2018\n\n\n\nTSX Venture Exchange: LITHOTC-QB: LTMCF\n CALGARY, Nov. 20, 2018 /CNW/ - Lithium Chile Inc. (\"Lithium Chile\" or the \"Company\") is pleased to provide shareholders with an operational update.\nSALAR DE COIPASA:  While Lithium Chile has successfully negotiated terms for surface access to the salar de Coipasa with the community executive, the Company is currently waiting for final approval by the community council. Once that occurs, a reconnaissance drilling program will commence immediately.  At 129 km2 (as shown on the map below) Coipasa is Lithium Chile's second largest lithium prospect upon which a very large and highly conductive target, covering 65% of the property, was identified during the geophysical survey completed in the first quarter of 2018.\n\nSALAR DE HELADOS: Lithium Chile is pleased to announce that it has acquired an additional 2000 hectares on the Salar Laguna Blanca which is a NW extension to Lithium Chile's landholdings in the Helados basin.  A recent reconnaissance sampling program conducted at surface and 1.3m depth returned lithium concentrations of 220 -780 mg/l with Mg:Li ratios of 5.7 – 6.0 which are on par with the Company's main property complex to the SE.\nSALAR DE TURI: Lithium Chile is also pleased to announce that the executive committee of the local indigenous community at Salar de Turi has recently reached out to the Company to discuss possible exploration of their lands.  At a recently held meeting, community executives expressed their willingness to support an extension of the TEM geophysical survey on Turi.  Subject to the successful completion of that TEM program, community executives also expressed their willingness to support a follow up drilling program. This is significant for two reasons. First and most importantly, this is the first time a local community has initiated discussions with the Company regardi...