Lithium Chile samples 29.5 g/t Au at Carmona

Jan 26, 2021

2021-01-26 08:44 ET – News Release

Mr. Steve Cochrane reports

LITHIUM CHILE REPORTS 29.5 G/T GOLD – HIGHEST GOLD GRADE ASSAY TO DATE ON ITS CARMONA GOLD-SILVER-COPPER PROPERTY

Lithium Chile Inc. has provided results of 29.5 grams per tonne gold from its third follow-up exploration program on the southern half of the Central anomaly on its 100-per-cent-owned Carmona gold-silver-copper property. This phase of the exploration program was completed during the second week of January.

Highlights:

29.5 grams per tonne gold, 52.8 g/t silver and 2.4 per cent copper;
Values range from 1.1 to 29.5 g/t gold, 2.7 to 52.8 g/t silver and 2 to 2.4 per cent copper;
Samples reported are from a two-square-kilometre altered intrusive in the southwest quadrant of the Central anomaly;
Assays are awaited from the SE quadrant and north half of the Central anomaly;
Total exploration target on the Central anomaly covers an area 13 square km of which the southern half has been explored to date.

These high grades of gold and silver come from an area adjacent to the north sector of the Central anomaly where prior samples assayed as high as 26.2 g/t gold and 235 g/t silver (see press release dated Sept. 3, 2020).

Steve Cochrane, president and chief executive officer of Lithium Chile, commented: “I am pleased to announce these recent sample assays from our ongoing exploration program at Carmona. We continue to see excellent gold, silver and copper results from our recently completed third phase exploration program on our Carmona property. While we remain fully committed to advancing our lithium projects the solid results, we are seeing on our Carmona gold property, gives us the option to continue advancing the project or look for a JV partner to carry the project forward. This gives the company added flexibility on both the lithium and precious metal assets.”

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 rock sample consisted of one to 1.5 k of representative chips taken continuously from outcrop or across mineralized structures and was 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 it was analyzed for gold by fire assay preconcentration, AA finish and 35 other elements, including copper and silver, by the ICP technique following agua regia digestion.

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.

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

We seek Safe Harbor.

https://lithiumchile.ca/