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Lithium Chile Signs Definitive Agreement and Begins Drill Program on It's Production Test Well on the Arizaro Property in Argentina; on Track and Ahead of Schedule
(TheNewswire) CALGARY, ALBERTA – TheNewswire - August 25, 2021...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Signs Definitive Agreement and Begins Drill Program on It's Production Test Well on the Arizaro Property in Argentina; on Track and Ahead of Schedule\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n CALGARY, ALBERTA –\n \n \n TheNewswire\n-\n \n \n August 25, 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 (TSXV:LITH) (OTC:LTMCF)\n \n \n is\npleased to announce that the Company’s planned production test well\nbegan drilling on its Arizaro property in Salta Province, Argentina,\non August 23.\n \n \n \n \n Steve Cochrane, President and CEO of Lithium Chile\ncommented: “\n \n \n I am extremely\npleased at the speed with which our Argentinian management team has\nbeen able to plan and execute on our Arizaro production test well.\nThey have assembled a group of service providers that are regarded as\nthe best in Salta province and I am confident they will bring this\nproject in successfully on time and on budget. Given the immense size\nand potential of the Arizaro prospect this is truly a game changing\nopportunity for Lithium Chile\n \n \n ”\n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n - Arizaro property secured:\ndefinitive agreement to acquire 60% interest in Arizaro property has\nnow been executed and Lithium Chile’s wholly owned Argentinian\nsubsidiary, Argentum Lithium – legally incorporated and\nregistered;\n \n \n \n \n - Indigenous Community Approval:\nProduction test program approved and supported by the Indigenous\ncommunity of Tolar Grande;\n \n \n \n \n - Infrastructure construction\nunderway: SMG Group hired to build access road and drill pad for\nproduction well, 17 km access road completed;\n \n \n \n \n - Drilling Rig ‘ready to start’:\nDrilling contractor, Andina Perforaciones, has been contracted to work\non the Arizaro property and is currently mobilizing the drill\nrig;\n \n \n \n \n - Pandemic not affecting timetable\n– the timetable is currently unaffected by Covid restrictions\n \n \n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n Road and Infrastructure construction commenced on the\nAugust 9, 2021 and was completed on August 20.  Seventeen km. road\nand drill pad have been completed, fuel tanks have been s...