Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) Encounters Lithium Brines in Additional Drill Holes, Confirming Geophysical Profile of Ollague Project

October 25, 2018 10:50:38
  • Drilling shows additional lithium-bearing brines carrying highly conductive zones, suggesting that lithium grades increase with depth
  • Brines tested lithium grades starting at 150 mg/l, increasing to 270 mg/l when drill holes reached 250-meter contracted depth
  • Results of recent drilling reinforce company’s decision to test deeper limits of aquifer
  • Lithium Chile holds one of the largest lithium land holdings in Chile, a country with about 50 percent of the world’s reserves
  • Global demand for lithium, which is vital to rechargeable batteries, is expected to increase by 650 percent by 2027

Mineral explorer Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) continues to announce encouraging news from its drilling program at the company’s wholly owned Ollague Project in Chile. The drilling program confirms the reliability of TEM geophysical profiles in identifying lithium-bearing brine carrying highly conductive zones and suggests that lithium grades increase with depth, according to a recent news release (

“We are extremely pleased that our drilling program continues to show good lithium grades. The fact these grades improve with the depth of the holes justify the company’s decision to target the much deeper zones on hole five,” Steve Cochrane, president and CEO of…

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