NetworkNewsBreaks – Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) Announces Start of Drilling Program at Ollague Project

June 28, 2018 08:19:29

Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) this morning announced that it has commenced a four-hole drill program at its Ollague project in Chile. This news comes on the heels of a recently-completed sampling program at the Ollague project that recorded lithium brines assaying from 160mg/l to a high of 1220mg/l. Per the update, the four holes of the new program will be drilled to a minimum depth of 250 meters, with further drilling being dependent upon drilling conditions and brine content.

“After amassing one of the largest lithium land packages in Chile, we have now begun drilling on one of our more advanced projects which have had sampling and geophysics completed on them,” Steve Cochrane, president and CEO of Lithium Chile, stated in the news release. “The new government has been clear in its support for the lithium sector and we are similarly encouraged by the strong community support we have received. This is an exciting new growth phase for the Company and our goal is to maximise our early-mover exploration advantage in Chile.”

Drilling at the Ollague project will focus on high priority conductive targets identified during the recent transient electromagnetic survey of the site. As noted in this morning’s update, the company’s survey identified low resistivity zones that are believed to reflect saline aquifers within open-ended horizontal zones ranging from 20 to more than 200 meters in thickness located within 20 to 120 meters of the surface.

Offering a glimpse into its forward strategy, Lithium Chile noted that it intends to complete a similar four-hole drilling program at each of its other four advanced projects, all in continuous succession. All told, drilling is expected to continue until late into the third quarter of this year.

To view the full press release, visit

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. The properties include 64 square kilometers on the Salar de Atacama, which hosts the world’s highest concentration lithium brine production and is currently the source of approximately 30 percent of the world’s lithium production. 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

More from NetworkNewsBreaks

About NetworkNewsWire

NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information, please visit

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published:

NetworkNewsWire (NNW)
New York, New York
212.418.1217 Office