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Lithium Chile Samples up to 12.7 g/t Gold and up to 147 g/t Silver on Carmona Gold/Silver Property
Calgary, Alberta--(Newsfile Corp. - November 23, 2020) - Lithium Chile Inc. (TSXV: LITH) (" ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Samples up to 12.7 g/t Gold and up to 147 g/t Silver on Carmona Gold/Silver PropertyCalgary, Alberta--(Newsfile Corp. - November 23, 2020) - Lithium Chile Inc. (TSXV: LITH) (\"Lithium Chile\" or the \"Company\") is pleased to report assay results from the follow up sampling program recently completed on its 100% owned Carmona gold and silver property. Background:As a result of the strong results achieved from the Company's reconnaissance sampling program completed in September, a follow up sampling program was conducted in October on the Carmona property (the \"First Phase Follow-Up Program\"). The First Phase Follow-Up Program targeted a 2 sq km area of alteration identified in the southern portion of the property by the September reconnaissance program within which stream sediment samples returned gold values of up to 0.94 g/t.The First Phase Follow-Up Program outlined a strong 0.8km2 gold-silver-copper anomaly within which two swarms of copper oxide, secondary chalcocite, chalcopyrite, bornite and pyrite bearing veins and breccia zones were discovered. Highlights:Rock Chip Samples: Assays from continuous rock chip samples taken across the veins and breccias ranged from 1.8 - 12.7g/t gold, 62 - 147 g/t of silver and 1.8 - 4.1% copper.Soil Samples: Assays from surface soil samples within the anomalous zone range from 0.1 - 1.67 g/t gold, 2 - 9 g/ton silver and 300 - 700 ppm copper.Areal Extent: the soil and rock chip samples indicate that the anomaly is open to the north east.The Company is highly encouraged by the positive results received from the south zone such that it has already initiated a second phase follow up-program to test extensions of the vein system swarms to the north-east. The Company is currently upgrading the access road into the central anomalous zone to facilitate continued and detailed geological mapping based on further soil and rock sampling on this new mineralized trend.Recent Sample from one of the veins on Carmona Prospect (PICTURE):Carmona Sample To view an enhanced version of this image, please visit:https://orders.newsfilecorp.com/files/5962/68729_a6729865c4e29b37_001full.jpgSteve Cochrane, President and CEO of Lithium Chile commented: \"We continue to see excellent results coming from our exploration efforts on our Carmona prospect. The chalcopyrite vein systems we have encountered a...