- Global lithium-ion battery market expected to reach $93.1 billion by 2025, growing at a CAGR of 17 percent
- Lithium demand driven by increased usage of electric vehicles, consumer electronics and grid storage systems
- Lithium Chile’s property portfolio includes 15 projects on lithium-rich salars and lagunas in Chile
- 2018 exploratory drilling underway at Ollagüe project site, with prior sampling of lithium brines in area ranging from 160 to 1,220 mg/l lithium.
- First drill hole has already hit a large brine-saturated zone
Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) is on track to maximize its early-mover exploration advantage with its portfolio of 15 projects on lithium-rich salars and lagunas in Chile. The very first drill hole has got people excited, thanks to a salt/sand zone of 180 meters in depth that is brine-saturated. If those brines turn out to contain lithium and should that lithium be of similar grade to those found during Lithium Chile’s sampling program, it could put this company on a lot of radars. Brine samples from that hole, taken from the company’s wholly owned Ollagüe project located in the Antofagasta region of Chile, were sealed on site and have been sent to accredited laboratory ALS Patagonia for official chemical assays (http://nnw.fm/Zdp1T).
Prior to drilling, the company’s comprehensive sampling program at the project encountered near-surface lithium brines assaying from 160 to 1,140 mg per liter of lithium, with “first rate chemistry.” Even more exciting, this specific drill hole is…
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