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Lithium Chile Signs Letter of Intent with Monumental Minerals to JV up to 75% of the Drill Ready Salar De Laguna Blanca, Chile Cesium Salt-Lithium Brine Project from Lithium Chile Inc.
(TheNewswire) NEAR SURFACE SEDIMENT SAMPLES ASSAYING UP TO 692 PPM CE...
About this update from Lithium Chile Inc
[{"type":"text","content":"Lithium Chile Signs Letter of Intent with Monumental Minerals to JV up to 75% of the Drill Ready Salar De Laguna Blanca, Chile Cesium Salt-Lithium Brine Project from Lithium Chile Inc.\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n NEAR SURFACE SEDIMENT SAMPLES\nASSAYING UP TO\n \n \n \n \n 692 PPM CESIUM AND 1450 PPM\nLITHIUM.\n \n \n \n \n CALGARY, ALBERTA -\n \n \n TheNewswire -\n \n \n March 9, 2022 - Lithium Chile Inc.\n(“\n \n \n LITHIUM CHILE\n \n \n ”\n \n \n or the “\n \n \n Company\n \n \n ”)\n \n \n (TSXV:LITH) (OTC:LTMCF)\n \n \n is pleased to\nannounce that the Company has entered into an arm’s length letter of\nintent\n \n \n (\n \n \n “\n \n \n LOI\n \n \n ”) with Monumental Minerals Corp. (“\n \n \n Monumental\n \n \n ”)\n(TSX-V: MNRL; FSE: BE5) to acquire up to 75% of the 5200-hectare Salar\nDe Laguna Blanca project (the “\n \n \n Laguna Project\n \n \n ”) located near the town of\nSan Pedro de Atacama, Chile.\n \n \n \n \n The Laguna Project is located within the prolific\nlithium triangle, a zone within the central Andes high desert that\nincludes Chile, Argentina, and Bolivia. This zone is estimated to\ncontain more than half of the world’s lithium supply beneath the\nmany salt flats, also known as salars, that are common to the region.\nThe Laguna Project includes both active and paleo salar brines and\nsalts (Fig. 1). The Laguna Blanca property consists of\n \n \n \n \n 23 exploration concessions\ntotaling 5,200 hectares, 100% owned by Lithium Chile through its\nwholly owned Chilean subsidiary Minera Kairos Chile Limitada\n(“\n \n \n Minera Kairos\n \n \n ”)\n \n \n (Fig. 2).\n \n \n \n \n The Laguna Project is an early exploration stage\nproject that is accessible from the town of San Pedro de Atacama, 80\nkilometres to the west via the paved road 27CH to the north end of\nSalar de Aguas Calientes then a truck accessible trail heading north\nto the interior of the property. Travel time from San Pedro de Atacama\nto the property is approximately 1 hour and 30 minutes.\n \n \n \n \n Between April 2018 and June 2021 Minera Kairos\ncompleted preliminary reconnaissance and detailed geochemical and\ngeophysical surveys:\n \n \n \n \n •        Follow up sediment geochemical and\nsurfa...