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Lithium Chile to Begin Drilling Ollague Prospect - Recent Well Sampling Exceeds 1200 mg/l
Lithium Chile to Begin Drilling Ollague Prospect - Recent Well Sampling Exceeds 1200 mg/l ...
About this update from Lithium Chile Inc
[{"type":"text","content":"\n\n\n\nLithium Chile to Begin Drilling Ollague Prospect - Recent Well Sampling Exceeds 1200 mg/l\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, June 20, 2018\n\n\n\nTSX Venture Exchange: \"LITH\"OTC-QB: LTMCF\n\n\n\nCALGARY, June 20, 2018 /CNW/ - Lithium Chile Inc. (\"Lithium Chile\" or the \"Company\") is pleased to announce that it has received written consent from the community of Ollague to begin an exploration drilling program on its Ollague project. With drill mobilization now underway, Lithium Chile expects drilling to begin shortly.  \n\n\n \n \n\n \nThe program will consist of four holes drilled to a minimum 250 metres (m) or deeper based on drilling conditions and brine content. Data collection will include lithology and depth-specific geochemical samples. Brine sampling will be completed using both drive point and hydraulic double packer systems, which have been tested and proved to provide a true depth-specific sample in addition to flow and porosity characteristics. \n\nLithium Chile previously completed a transient electromagnetic survey (TEM) covering 25 square kilometres of the Ollague project (see new release dated April 3, 2018). Analysis indicates several continuous conductive units over much of the property. In addition, the survey indicated these conductive units to be several open-ended horizontal zones varying from 20 to over 200 m in thickness and within 20 to 120 m of surface. The Company believes the zones reflect saline aquifers (resistivity values of generally less than three ohms). Highly conductive readings have generally been found to indicate a high content of lithium brine in most other salar basins in the area. \n\nSAMPLE RESULTS ON OLD WATER WELLS RETURN 1220 MG/L LITHIUM\n\nA recently completed sampling program from a series of shallow water wells drilled to test a near surface aquafer in the central sector of Salara Ollague yielded significant lithium values. Sampling procedure consisted of bailing the wells, allowing them to refill and sampling the fresh flow. O...