Lithium Chile’s (TSX.V: LITH) (OTCQB: LTMCF) recently reported test results have shown important lithium-bearing brines in the first hole drilled as part of a four-hole project in Chile’s Salar de Ollague. The results were also in line with average grades in neighboring Argentina exploration. A recent article discussing the development reads: “Initial drill site testing of the core and liquid samples retrieved from Hole DDH-OLL-01-18 showed that the project had struck a continuous 180-meter salinity zone beginning at a depth of 110 meters. The August 23 news release states that the assay of the drill hole at internationally accredited laboratory ALS Patagonia’s nearby facilities returned results of up to 480 mg/L of lithium, with an average grade over the last 60 meters of 470 mg/L lithium. … In the news release, Lithium Chile President and CEO Steve Cochrane noted that the assays “rival the average grades in Argentina” and that he is “delighted” the first results of the company’s drilling activity are already showing promise. The company also believes that the results may have been diluted by drilling fluids and fresher water uphole from the salinity zone, leaving open the possibility of higher grades with actual production at the site.”
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About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and one laguna complex in Chile. Lithium Chile’s common shares are listed on the TSX.V under the symbol “LITH” and on the OTCQB under the symbol “LTMCF”. For more information, visit http://nnw.fm/LTMCF
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