Lithium Chile Inc. (TSXV:LITH) has added 21,700 hectares on its Salar de Llamara Project, increasing its total to 35,500 hectares.
The Llamara Project is highly prospective with surface samples showing high Cesium and Uranium values and a prior government water well returning lithium values of more than 350mg/l.
A motorised auger surface sampling program has been completed and assays are pending. The company is currently completing a 74km TEM geophysical programme over the new claims to define the highly conductive target on the Salar de Llamara.
Conditional on the TEM results, a three to five well exploration drill programme is planned for Llamara during the second half of 2023.
The company has also announced plans for a three to five well exploration drill programme on it Salar de Los Morros property. Prior TEM surveys identified numerous drill targets and accordingly, drilling permits will be filed with Sernageomin, the Chilean mining regulator. No Indigenous communities have claims over the Salar de Los Moros. However, the Chilean Military holds training exercises in the area.
Lithium Chile is currently in the process of negotiating access rights with the Chilean Military which will determine the actual start date for its 1,500m exploration program which is intended to commence during the second quarter of 2023.
Aguas Calientes
Detailed surface brine, sediment and rock sampling will begin this month on the company’s 2,500-hectare Aguas Calientes property in which prior government sampling returned lithium values of up to 380mg/l from surface brine pools. Existing permits on part of the claims for borax mining are expected to expedite the company’s permitting process.
Coipasa
Discussions continue with interested parties for joint ventures opportunities on several of the Company’s Chilean properties, including Coipasa. Negotiating access rights with the indigenous community of Ancovinto is a priority for Lithium Chile in 2023. To assist in community negotiations, EE Law, one of Chile’s top environmental and indigenous relations law firms, has been retained to help advance these negotiations.
“Following the success of our exploration program in Arizaro, Argentina, we are eager to commence operations on the vast portfolio of prospective lithium projects the company owns in Chile. Recent movements and policy statements from Chiles, Ministry of Mines has increased the interest in Chilean lithium projects; Lithium Chile is in a strong position to capitalize on that interest,” Vice President and COO, Michelle DeCecco, said.
For further information please visit: https://lithiumchile.ca/
