- Promising results from the first four exploration holes at Ollague Property have encouraged additional exploration scheduled to begin in September 2018
- The fifth Ollague hole will increase the exploration depth from the current 250 meters to 500 meters
- The new development is coming amid growing demand for lithium and projections for an increase in lithium prices by 2021
Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF), the largest private owner of lithium-rich land in Chile, has been approved for a fifth hole at its Ollague Property, extending the drilling depth from the current 250 meters to 500 meters. The decision is based on strong indicators from the first four drilling holes, according to a company press release (http://nnw.fm/YZ0oI).
The four exploration holes originally planned for Ollague have been completed, and the results from the first one, announced on August 23, 2018, indicated grades in the…
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