Lithium Chile (TSX.V: LITH) (OTCQB: LTMCF) this morning issued an update regarding the ongoing drill program at its wholly-owned Ollague project located in the Antofagasta Region of Chile. The first hole, titled DDH-OLL-01-18, met a porous brine saturated salt/sand horizon at a depth of 110 meters that continued to a depth of 290 meters. These results coordinated with the main low conductivity zone detected by the Lithium Chile’s recently completed transient electromagnetic survey. After penetrating the Salar basement at 290 meters, DDH-OLL-01-18 ended at 300 meters depth. Additionally, a fluid sampling program was also completed, consisting of the collection of 1-liter samples at 20 to 25 meter intervals throughout the 180 meter thickness of the porous zone. The samples were tested on site for salinity and conductivity before being bottled and sealed for shipping to the accredited laboratory, ALS Patagonia, for chemical analysis.
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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. 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://nnw.fm/LTMCF
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