Lithium Chile (TSX.V: LITH) (OTC: LTMCF) this morning announced that it has received written consent from the community of Ollague to begin an exploration drilling program on its Ollague project. The company is proceeding with drill mobilization and expects drilling to begin soon. The program will comprise of four holes drilled to a minimum 250 meters based on drilling conditions and brine content. Data collection will include lithology and depth-specific geochemical samples. Brine sampling will also be completed. Lithium Chile will seek to permit additional exploration and development programs at Ollague upon the successful completion of the first four holes of this program. “With a range of high-grade, near-surface lithium samples, excellent TEM survey results and no competition in the region, Ollague is one of our most exciting projects. We are delighted to have received final drilling approval and more importantly becoming one of the first of the new wave of Chilean lithium exploreco’s to begin a drilling program on one of our lithium prospects,” Lithium Chile President and CEO Steve Cochrane stated in the news release.
To view the full press release, visit http://ibn.fm/bH2tv
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 http://ibn.fm/LTMCF
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