nopoo wrote:
Lithium Chile Inc. has provided an update on the continuing drill program at its wholly owned Ollague project, located in the Antofagasta region of Chile.
The first hole, DDH-OLL-01-18, encountered a porous brine saturated salt/sand horizon at a depth of 110 metres, which continued to a depth of 290 metres. These depths coincided with the main low conductivity zone detected by the transient electromagnetic survey completed by Lithium Chile on the property during March, 2018. DDH-OLL-01-18 was terminated at 300-metre depth after penetrating the salar basement at 290 metres. The drill rig is now set up on platform 2, located two kilometres southwest of DDH-OLL-01-18.
In addition to recovering core during the drilling of DDH-OLL-01-18, a fluid sampling program was completed. This consisted of collecting one-litre samples at 20-to-25-metre intervals throughout the 180-metre thickness of the porous zone. The samples were tested on site for salinity and conductivity, and then bottled and sealed on site for shipping to accredited laboratory, ALS Patagonia, for chemical analysis.
DDH-OLL-01-18 is located approximately one kilometre from a historic test well where Lithium Chile recently received assay results of 1,220 milligrams per litre lithium from newly taken downhole fluid samples.
This news release has been reviewed by Terence Walker, PGeo, vice-president of exploration, and a qualified person as that term is defined in National Instrument 43-101.
About Lithium Chile Inc.
Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and one laguna complex in Chile.