Lithium Chile (TSX.V: LITH) (OTCQB: LTMCF) this morning issued an update concerning its current drilling program. Per the update, the company has been approved for an additional hole at its Ollague prospect based on strong indicators from the first four exploration holes. The fifth hole will be located in the center of the basin and will extend the drilling depth from 250 meters to 500 meters, enabling the company to test the deeper levels of the salar. “Drilling a fifth hole at Ollague not only reflects the encouraging data we have collected on our first four holes but also reflects our belief that Ollague has the potential to be an exciting new lithium discovery,” Lithium Chile president and CEO Steve Cochrane stated in the news release.
To view the full press release, visit http://nnw.fm/j3Ldd
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. 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 http://nnw.fm/LTMCF
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