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Lithium Chile Provides Operational Update on the Phase Two Development Program on its Salar de Arizaro Project Located in Salta Province, Argentina where Field Tests from the First Step Out Well Returned Lithium Grades in Excess of 340 Mg/L
(TheNewswire) CALGARY, ALBERTA – TheNewswire - September 14, 2022 ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Provides Operational Update on the Phase Two Development Program on its Salar de Arizaro Project Located in Salta Province, Argentina where Field Tests from the First Step Out Well Returned Lithium Grades in Excess of 340 Mg/L\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 CALGARY, ALBERTA –\n \n \n TheNewswire -\n \n \n September 14, 2022 – Lithium Chile Inc.\n(“Lithium Chile”\n \n \n or the\n \n \n “Company”)\n \n \n (TSXV:LITH) (OTC:LTMCF)\n \n \n is pleased to announce that it has field tested 340 mg/l from\nthe first hole of its Phase Two development program at Salar de\nArizaro (“\n \n \n Arizaro\n \n \n ”) - and that all aspects of the\ndevelopment program are progressing well. The Phase Two development\nprogram is designed to increase the Company’s previously announced\n1,420,000 metric tonne lithium carbonate resource and to expand the\ncommercial potential of the Arizaro project.\n \n \n \n \n PROGRAM HIGHLIGHTS:\n \n \n \n \n \n \n 340 mg/l in the first exploration\nhole is 14% higher than the resource grade used in the Company’s\nmaiden resource report;\n \n \n \n \n \n \n Completed two of four planned\nexploration holes with a third hole underway;\n \n \n \n \n \n \n First of three planned production\nholes has commenced;\n \n \n \n \n \n \n Critical fresh water well completed\nencountering 100 metre fresh water aquifer;\n \n \n \n \n \n \n Metallurgical studies underway to\ndetermine best lithium extraction process.\n \n \n \n \n \n \n Exploration Holes -\nHighlights:\n \n \n \n \n The Company has completed the first two holes of its\nplanned four-hole diamond drill program and is 250 metres into the\nthird hole (See Figure 1 for hole locations).\n \n \n \n \n The first hole was drilled approximately 5 kilometers\naway from the initial production test well yet encountered the brine\naquifer at 357 metres, 25 metres deeper than the initial hole. The\nformation was still open in coarse black sands when drilling stopped\nat 465 metres as a result of the drilling rig capacity. Industry\naccepted field sampling was done using the Company’s Turbospec\nlithium analyzer and returned assays of 340 mg/ litre of lithium. This\ngrade was 14% greater than the 298 mg/l lithium grade used in the\ninitial...