Lithium Chile Inc. (TSX.V: LITH) (OTC: LTMCF) this morning announced that it has found a 58+ square kilometer lithium brine target area at its Coipasa project in Chile through transient electromagnetic surveys. Recent sampling at the project found lithium values ranging from 310 mg/L to 1410 mg/L in near-surface brines. The zone inhabits a well-developed NW-SE trending sub-basin within the Salar de Coipasa and exhibits the same geophysical qualities as the lithium-rich aquifers at Salar de Atacama, home to the world’s largest and highest-grade lithium brine producers. “These strong survey results at our Coipasa project follow similarly impressive results at our Atacama, Ollague and Helados projects. It’s also important to note that we are the only major landholder in the Salar de Coipasa and we control the bulk of its footprint in Chile. This property will be included in our upcoming, multi-project drill program and we look forward to sharing the results,” Lithium Chile President and CEO Steve Cochrane stated in the news release.
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About Lithium Chile
Lithium Chile Inc. is advancing a lithium property portfolio consisting of 140,100 hectares covering sections of 13 salars and one laguna complex in Chile. The properties include 56 square kilometres on the Salar de Atacama which hosts the world’s highest concentration lithium brine production and is currently the source of about 30 percent of the world’s lithium production. Lithium Chile also owns a significant Copper/Gold/Silver property portfolio consisting of 28,184 hectares over six different properties located in Chile. The company is currently engaged in the spinout of the copper gold assets into a separate company. Lithium Chile Inc.’s common shares are listed on the TSX-V under the symbol “LITH”. For more information, visit the company’s website at www.LithiumChile.ca.
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