OTCQX:AVLIF - Post by User
Post by
stellar8on Apr 26, 2017 10:43am
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Post# 26167983
Drilling Starts in a Few Days
Drilling Starts in a Few Days 2017-04-26 08:55 ET - News Release
Shares issued 134,461,471
AAL Close 2017-04-25 C$ 0.455
Mr. David Sidoo reports
ADVANTAGE LITHIUM MOBILIZES RIG FOR PHASE 1 DRILLING AT CAUCHARI, ARGENTINA
A drill rig will be mobilized later this week to Advantage Lithium Corp.'s flagship lithium property located in the Cauchari salar of Jujuy province in northwestern Argentina. The first hole of a five-hole, Phase One program is expected to be collared early next week. This marks the Company's first step in a systematic, fast-track exploration and development work program. Phase Two drilling is planned for later in 2017 and will comprise a further twelve holes leading to a scoping study by early 2018. Advantage Lithium is increasing its interest in the project from the current 50% to 75% through the expenditure of US$5m or completing a Feasibility Study. Orocobre (ASX:ORE)(TSX:ORL) holds the remaining interest.
Cauchari News Highlights
Phase One drilling: a five hole rotary drill program scheduled to begin during the week commencing May 1, 2017.