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Lithium Chile Samples up to 555 Mg/Lts Lithium and Obtains a Maiden Lithium Resource Estimate of 1,420,000 Tonnes of Lithium Carbonate Equivalent on its First Test Well, Salar De Arizaro Project, Salta Province, Argentina
(TheNewswire) Calgary, Alberta, February 8, 2022 – TheNewswire - ...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Samples up to 555 Mg/Lts Lithium and Obtains a Maiden Lithium Resource Estimate of 1,420,000 Tonnes of Lithium Carbonate Equivalent on its First Test Well, Salar De Arizaro Project, Salta Province, Argentina\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Calgary, Alberta, February 8, 2022 –\n \n \n TheNewswire -\n \n \n Lithium Chile Inc.\n \n \n (\n \n \n TSX\n \n \n V:\n \n \n LITH\n \n \n )\n(\n \n \n OTC:LTMCF\n \n \n )\n \n \n (\n \n \n “Lithium Chile” or the\n“Company”)\n \n \n is pleased to report an initial\nlithium (“Li”) resource statement for its first test well in the\nArizaro de Salar project. The NI 43-101 resource statement, detailed\nin Table 3.2 below, includes 1,420,000 tonnes of lithium carbonate\n(“Li\n \n \n 2\n \n \n CO\n \n \n 3\n \n \n ”) equivalent in the Indicated and\nInferred Resource categories.\n \n \n \n \n Steve Cochrane, President and CEO of Lithium Chile,\ncommented on the maiden resource for the Arizaro de Salar Project:\n“We are very excited to see a strong NI 43-101 resource estimate\nfrom our hydrogeological consultants. The Company has adopted an\naggressive plan which includes a follow up phase 2 drilling program\nconsisting of three, 500-metre-deep exploration holes aimed at\nexpanding the lithium resource and improving the grade on the Arizaro\nproperty.”\n \n \n \n \n Highlights from the Test Well\n \n \n \n \n \n \n 1,420,000 tonne\n \n \n , NI 43-101\ncompliant lithium carbonate equivalent resource;\n \n \n \n \n \n \n Grades as high as\n \n \n 555\n \n \n mg/litre, higher than average in the Salar;\n \n \n \n \n \n \n 21.94\n \n \n litres per second average\npumping rate, higher than average in the Salar;\n \n \n \n \n \n \n Resource estimate from only 29% of the main concession\nblock leaving abundant area for resource expansion;\n \n \n \n \n \n \n NI 43-101 report recommends a second program of US $2\nmillion and three holes aimed at:\n \n \n \n \n \n \n Establishing a measured resource\n \n \n \n \n \n \n Significantly increase the lithium carbonate equivalent\nresource.\n \n \n \n \n \n \n \n \n \n \n Summary of the Salar de Arizaro Project:\n \n \n \n \n \n \n The Project is located in the Arizaro Salar located in\nthe Salta province of northwest Argentina - about 170 kilometers (km)\nfr...