Lithium Chile’s (TSX.V: LITH) (OTCQB: LTMCF) this morning reported that it has encountered lithium bearing brines in three additional drill holes at its wholly owned Ollague Project in Chile. The drilling verifies the consistency of TEM geophysical profiles in identifying the brine carrying highly conductive zones and suggests that lithium grades increase with depth. In addition, LTMCF announced that the rig is now being mobilized from Ollague to the Salar de Coipasa in preparation of the company’s next drill program. “We are extremely pleased that our drilling program continues to show good lithium grades. The fact these grades improve with the depth of the holes justify the company’s decision to target the much deeper zones on hole five. It is also important to note that with the drilling of holes one and two we have identified a 4 km2 zone on our southern block and with holes three and four a 10 km2 zone on our larger norther block with significant lithium grades,” Lithium Chile President and CEO Steve Cochrane stated in the news release.
To view the full press release, visit http://ibn.fm/wh891
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://ibn.fm/LTMCF
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