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Lithium Chile Provides Operational Update on Its Argentinian Lithium Project
(TheNewswire) CALGARY, ALBERTA – TheNewswire - JUNE 09, 2021 ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Provides Operational Update on Its Argentinian Lithium Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire\n-\n \n \n JUNE 09, 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 (\n \n \n TSXV:LITH)\n(OTC:LTMCF)\n \n \n is pleased to announce that\nsignificant progress has been made towards the drilling of the\nCompany’s initial production test well on its Arizaro property in\nSalta Province, Argentina.\n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n - Work program outlined and budget\ncompleted;\n \n \n \n \n - Total cost below forecast;\n \n \n \n \n - Drilling Contractor\nretained;\n \n \n \n \n - Senior consulting geologist 30+\nyears lithium experienced retained\n \n \n \n \n \n \n The initial operational meeting was held within a week\nof signing the LOI (May 17, 2021 press release) and plans continue to\nunfold quickly. Once the definitive agreement is completed prior to\nJuly 12\n \n \n th\n \n \n , the Company hopes to begin drilling the production test\nwell. Drilling should take approximately 8 weeks with a 30-day pumping\ntest to follow. The test is designed to analyze and collect data from\nthe target zone that will prove the potential commerciality of the\naquifer identified in an earlier exploration program.\n \n \n \n \n Steve Cochrane, President and CEO of Lithium Chile\ncommented: “I am very pleased that our Argentinian team was\nestablished so quickly allowing us to initiate our production well\ndrilling program. It is exciting that we now have two programs\nunderway in two of the major countries forming the “Lithium\nTriangle.” We are confident that this will create substantial\nshareholder value going forward.”\n \n \n \n \n About Lithium Chile\n \n \n \n \n Lithium Chile is advancing a lithium property portfolio\nconsisting of 71,900 hectares covering sections of 10 salars and two\nlaguna complexes in Chile and now, 23,300 hectares in Argentina.\n \n \n \n \n Lithium Chile also owns 5 properties, totaling 22,429\nhectares, that are prospective for gold, silver and copper.\nExploration efforts are continuing on Lithium Chile’s Carmona\ngold/silver/copper property which lies in the heart of the Chilean\nmega po...