Lithium Chile samples 1,450 mg/L Li at Laguna Blanca

Jun 2, 2021

2021-06-02 13:34 ET – News Release

Mr. Steve Cochrane reports

LITHIUM CHILE’S LAGUNA BLANCA LITHIUM-CESIUM ANOMALY DOUBLES IN SIZE WITH HIGH GRADES UP TO 1,450 MG/L LITHIUM AND 698 PPM CESIUM

Lithium Chile Inc. has released results from its recently completed extension to its prior auger sampling program on Salar de Laguna Blanca which have doubled the size of the lithium-caesium anomaly from four square kilometres to 8.8 square kilometres. The anomaly is still open to the northeast, east and south. The initial TEM geophysical survey that discovered the conductive anomaly also shows it to be between 100 and 200 metres thick indicating the potential to significantly increase the size of this target.

Highlights

8.8 square kilometres lithium-caesium surface sediment anomaly outlined;
Lithium sediment grades up to 1,450 milligrams per litre and caesium grades up to 698 parts per million;
3.8 square kilometres high-grade core averaging 900 mg/l lithium and 335 ppm caesium;
Surface brine samples from anomaly core grading up to 1,230 mg/l lithium;
40-litre bulk surface water sample sent to Summit Nanotech for extraction tests.

The results from the second phase exploration program on the company’s Laguna Blanca prospect continues to point to a large mineral occurrence containing two valuable commodities — lithium and caesium. There are strong indications of both elements in the surface sediment samples as well as the potential for both minerals in the deeper brine targets. It is the company’s intention to look at a sampling program to test deeper zone over the existing anomaly as well as continue to extend its aerial extent.

Steve Cochrane, president and chief executive officer of Lithium Chile, commented: “We are excited by the latest results from our Laguna Blanca exploration program. The presence of two highly valued commodities on the property make this a priority project for Lithium Chile. The combination of the two minerals has attracted numerous inquiries from outside parties reinforcing the potential of this project.”

Qualified person

Terence Walker, MSc, PGeo, qualified person within the meaning of National Instrument 43-101, has reviewed the contents of this news release. During the course of the exploration program, all samples were collected by experienced Lithium Chile staff. Each salt and sediment sample consisted of one to 1.5 kilograms of unconsolidated material taken from 0.5-to-1.20-metre-deep holes using a hand-held auger that were bagged and sealed on site. All samples were delivered by Lithium Chile’s staff to the ALS prep-lab in La Serena for processing. ALS subsequently shipped a 30-gram subsample to its laboratory in Lima, Peru, where they were analyzed for 51 elements, including two lithium and caesium, by the ICP-MS (inductively coupled plasma-mass spectrometry) technique following agua regia digestion. Overlimit (greater than 500 ppm Cs) samples were rerun using the ICP-MS81 technique following lithium borate fusion.

About Lithium Chile Inc.

Lithium Chile is advancing a lithium property portfolio consisting of 71,900 hectares covering sections of 10 salars and two laguna complexes in Chile and now, 23,300 hectares in Argentina.

Lithium Chile also owns five properties that are prospective for gold, silver and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper property which lies in the heart of the Chilean mega porphyry gold/ silver/copper belt.

We seek Safe Harbor.

https://lithiumchile.ca/