On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) Well Placed for Metal Discoveries in South America’s Lithium Triangle

  • Assay work underway to complete five-hole exploration project at Chile’s northeastern border
  • Assay of first Lithium Chile exploratory hole has returned results rivaling other companies’ projects in neighboring Argentina
  • Lithium Chile holds one of the largest lithium land holdings in a country that has about 50 percent of the world’s reserves

After securing one of the largest lithium land holdings in one of the largest lithium-producing nations on Earth, mineral explorer Lithium Chile Inc. (TSX.V: LITH) (OTCQB: LTMCF) is expecting good news resulting from its drilling program near Chile’s northeastern border with Bolivia.

The region known widely as the ‘Lithium Triangle’ has become renowned for exploration and extraction of the lightweight metal, which is much sought-after for its heat-resistant properties in computer-driving batteries — particularly the large ones in use in electric vehicle engines, as those EVs are gaining a pollution-fighting gravitas worldwide.

Lithium Chile’s current five-hole program at a dried salt lake bed near the village of Ollague is being assayed, with results from the first hole fueling hopes that the zone will become a significant mineralization site for the company.

A fifth drill site was added to the original four-hole project last month based on findings from the first hole that showed increasing grades of lithium as the drill reached lower depths. The drilling of the original holes was terminated at 250 meters in accordance with the surface rights contract negotiated with the community of Ollague, but the additional fifth hole was approved to go to 500 meters (http://ibn.fm/Pe3ia).

Assay results from the other four holes have not yet been released, but the company stated that the results from the first hole showed lithium concentrations on par with the average grades in Argentina, which shares the Lithium Triangle’s borders with Chile and Bolivia.

Chile is home to about half of the world’s identified reserves of lithium and has traditionally been the world’s largest producer, although Australia overtook Chile for the top producer spot last year, according to Mining.com (http://ibn.fm/zYcDi), amid debate in Chile over the cumulative impact of loosely measured water rights granted to copper and lithium miners in the world’s most arid desert, according to Reuters (http://ibn.fm/uij3R). New quota agreements finalized this year with the only two companies currently extracting lithium from the Salar de Atacama, the salt bed with 81 percent of the country’s reserves, are expected to boost Chile back into the top position, according to the report.

Lithium clearly has a key economic importance to Chile, and the government has been friendly to explorers, despite the concerns about water rights and additional concerns about how some of the salt brines are being processed. The country generally provides nearly 40 percent of the world’s supply of lithium and, by 2025, can expect to be producing about 45 percent of the predicted 484,000 tons per year of lithium carbonate equivalent (LCE) global demand, according to Leonidas Osses Sagredo, the president of the Commission on Lithium at Chile’s Institute of Mine Engineers (http://ibn.fm/Lkogm). That figure alone shows the rosy expectations for lithium demand, given that, in 2017, the worldwide market for lithium was estimated at 37,000 tons, which is equal to 197,000 tons of LCE, according to his report.

Lithium Chile’s portfolio covers 152,900 hectares (377,824 acres), where 14 dry salars and one wet laguna complex are located, including 6,600 hectares (16,309 acres) in the Salar de Atacama. The company has announced plans to conduct similar drill hole explorations at four of its advanced-stage projects once work is completed at the Salar de Ollague.

For more information, visit the company’s website at http://ibn.fm/LTMCF

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered