NetworkNewsAudio Announces Audio Press Release (APR) on Lithium Chile Inc. Preparing to Unearth Potential Mother Lode of Scarce Metal
New York, New York--(Newsfile Corp. - June 7, 2018) - NetworkNewsAudio announces the Audio Press Release (APR) titled "Lithium Producers Expand Amid Market Supply Squeeze," featuring Lithium Chile Inc. (TSXV: LITH) (OTCQB: LTMCF).
To hear the NetworkNewsAudio version, visit http://nnw.fm/2M5Jg
To read the original editorial, visit http://nnw.fm/0Hfpa
Located in the heart of South America's "lithium triangle," Lithium Chile (TSXV: LITH) (OTC: LTMCF) is about to unearth what may be a mother lode of the scarce metal. Quietly and strategically, Lithium Chile has managed to amass over 152,900 hectares (590 square miles) across 15 properties in the middle of the world's foremost lithium reserves. Lithium Chile's holdings represent the largest wholly owned lithium land package of any private operating company in all of Chile.
Results of field tests announced in April (http://nnw.fm/N9SHl) identified multiple high-priority target areas at both Lithium Chile's Salar De Atacama and Salar Ollague properties. Large, multiple lithium brine targets of 20 to 25 square kilometers were discovered at both properties. The Atacama property contains near-surface lithium brine values up to 1330 mg/L of lithium and the Ollague Property contains near-surface Li brine values up to 1140 mg/L of lithium. By comparison, typical lithium concentration needed for production in the United States is between 190 to 200 milligrams of lithium per liter.
Lithium Chile plans to commence drilling post-haste. Lithium Chile's President and CEO Steve Cochrane stated, "We are delighted with the discovery of such impressive drill target areas at Atacama and Ollague. The results also follow the recent discovery of a 60km2 target area at another of our top Chilean projects — Helados. . . . We have an aggressive multi-project drill program planned for this year, which includes all three of these exciting projects and we look forward to sharing drill results as they come through."
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 the company's website at http://nnw.fm/LTMCF
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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