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Lithium Chile Inc. TSX.V:LITH

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    #16
    LITHIUM CHILE PROVIDES OLLAGUE DRILLING PROGRAM UPDATE

    Lithium Chile Inc. has provided an update on the continuing drill program at its wholly owned Ollague project, located in the Antofagasta region of Chile.

    The first hole, DDH-OLL-01-18, encountered a porous brine saturated salt/sand horizon at a depth of 110 metres, which continued to a depth of 290 metres. These depths coincided with the main low conductivity zone detected by the transient electromagnetic survey completed by Lithium Chile on the property during March, 2018. DDH-OLL-01-18 was terminated at 300-metre depth after penetrating the salar basement at 290 metres. The drill rig is now set up on platform 2, located two kilometres southwest of DDH-OLL-01-18.

    In addition to recovering core during the drilling of DDH-OLL-01-18, a fluid sampling program was completed. This consisted of collecting one-litre samples at 20-to-25-metre intervals throughout the 180-metre thickness of the porous zone. The samples were tested on site for salinity and conductivity, and then bottled and sealed on site for shipping to accredited laboratory, ALS Patagonia, for chemical analysis.

    DDH-OLL-01-18 is located approximately one kilometre from a historic test well where Lithium Chile recently received assay results of 1,220 milligrams per litre lithium from newly taken downhole fluid samples.

    This news release has been reviewed by Terence Walker, PGeo, vice-president of exploration, and a qualified person as that term is defined in National Instrument 43-101.

    About Lithium Chile Inc.

    Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and one laguna complex in Chile.

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      #17
      Chile lithium exports more than double in July from previous year

      http://www.mining.com/web/chile-lith...previous-year/

      Comment


        #18
        LITHIUM CHILE HITS 480 MG/L OF LITHIUM BRINE ON 1ST DRILL HOLE AT OLLAGUE, CHILE

        Lithium-bearing brines have been intersected by the first of four drill holes at Lithium Chile Inc.'s wholly owned Ollague project located in the Antofagasta region of Chile. Hole DDH-OLL-01-18 encountered an aquifer hosting lithium-bearing brines at a depth of 110 metres which continued to a depth of 290 metres. This continuous 180-metre zone of brine returned grades of up to 480 milligrams per litre lithium. The average grade over the last 60 metres was 470 mg/L lithium.

        Steve Cochrane, president and chief executive officer of Lithium Chile, commented: "Hitting such a thick and continuous zone of lithium-bearing brine on our very first hole at Ollague is a huge testament to the ability of our exploration team in Chile. I am extremely pleased that in our first exploration hole we have returned values that rival the average grades in Argentina. I am delighted that we have made a potentially significant lithium discovery at the very start of our drilling activity."

        Hole DDH-OLL-01-18 is located in the shallower, southwestern edge of the Ollague salar and bottomed at 300 metres. Hole No. 2 was also drilled in the southwestern edge of the salar (now completed) with assays pending. Hole No. 3 (now completed) and hole No. 4 (in progress) are targeting the centre of the Ollague salar where the company anticipates that the zone will continue to deeper depths.

        The depths intersected coincide very closely with the main low conductivity zone detected by the transient electromagnetic survey (TEM) completed by Lithium Chile during March, 2018 (see news release dated April 3, 2018), which supports Lithium Chile's interpretation that the salar is open to significantly deeper depths.


        As this was an unsealed exploration hole which was drilled with fresh water, the samples values presented in the associated table are likely to have been diluted by drilling fluids and fresher uphole water. Nevertheless, these results are highly significant in Lithium Chile's view.

        As a result of these significant results and the fact that grades are increasing with depth, management is evaluating the feasibility of drilling hole No. 4 deeper and potentially drilling another hole as well to more fully evaluate the salar at deeper depths.

        The water samples were tested on site for salinity and conductivity and then bottled and sealed on site and shipped to ALS Patagonia, an accredited laboratory, where they were analyzed for lithium and 25 other major and trace elements using the ICP (inductively coupled plasma) analytical technique.

        This news release has been reviewed by Terence Walker, PGeo, vice-president of exploration and a qualified person as that term is defined in National Instrument 43-101.

        About Lithium Chile Inc.

        Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and one laguna complex in Chile.

        Comment


          #19
          LITH hits 180m-long lithium zone at first hole

          http://aheadoftheherd.com/Newsletter...first-hole.pdf

          Comment


            #20
            Lithium Chile Announces Drilling Plans for a 5th Hole to 500 Meters on Ollague Property

            Canada NewsWire

            CALGARY, Sept. 5, 2018

            TSX Venture Exchange: "LITH"

            CALGARY, Sept. 5, 2018 /CNW/ - Lithium Chile Inc. ("Lithium Chile" or the "Company") is pleased to provide an update on their current drilling program. Based on strong indicators from their first four exploration holes on their Ollague prospect, Lithium Chile has been approved for a fifth hole that will extend the drilling depth from 250 meters to 500 meters.

            Four exploration holes were originally planned and have now been successfully completed at Ollague. Results from the first hole were disclosed in a News Release dated August 23, 2018 and results from the remaining three holes are pending. Lithium Chile encountered grades in the brine in the first hole ranging up to 480 mg/l lithium with grades steadily increasing from 120 meters to its final depth of 300 meters. The first and second holes were drilled on the edge of the Ollague salar while holes three and four moved into the center of the basin.

            Holes 3 and 4 were completed to a depth of 250 meters and were still in a porous brine formation when drilling was suspended as per the surface rights contract negotiated with the community of Ollague. Data collected at the drill sites indicated high salinity brines beginning at approximately 150 meters and open at depth at the time drilling was suspended.

            Based on these indicators, Lithium Chile has made the decision to pursue a 5th hole in the center of the basin and north of holes three and four. Surface access has been successfully negotiated resulting in road and pad construction being completed over the past weekend with drilling planned to commence on Tuesday September 4th. The top 50 meters of this fifth hole will be cased with surface casing to prevent up hole caving and to reduce the amount of contamination of the deeper brine targets from near surface fresh water zones. The target depth on the fifth hole is 500 meters which will allow Lithium Chile to test the deeper levels of the salar.

            Steve Cochrane President and CEO of Lithium Chile commented "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".



            This news release has been reviewed by Terence Walker, P. Geo., Vice President of Exploration and a qualified person as that term is defined in National Instrument 43-101.

            About Lithium Chile

            Lithium Chile is advancing a lithium property portfolio consisting of 155,800 hectares covering sections of 14 salars and 1 laguna complex in Chile.

            Lithium Chile's common shares are listed on the TSX-V under the symbol "LITH" and on the OTC-QB under the symbol "LTMCF".

            On Behalf of the Board of Directors,

            LITHIUM CHILE INC.

            Steven Cochrane
            President & CEO

            Comment


              #21
              Tough slide on this one, not sure why, no news other than the good news type but then same thing happening with CYP.

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