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International Lithium Corp
Symbol ILC
Shares Issued 118,995,902
Close 2019-04-10 C$ 0.05
Market Cap C$ 5,949,795
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Int'l Lithium drills 12.29 m of 1.03% Li2O at Avalonia

2019-04-11 11:33 ET - News Release

Mr. Anthony Kovacs reports

INTERNATIONAL LITHIUM REPORTS ON 2018 AVALONIA DRILL RESULTS

International Lithium Corp. has released analytical results for the 2018 drill program at the Avalonia lithium pegmatite project in Ireland. The results were received from the company's joint venture partner, GFL International Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. GFL is the operator of the project (see the company's news release dated May 14, 2018, for further details).

A total of 1,947.6 metres of NQ-diameter core drilling was completed in 15 drill holes spanning a strike length of approximately 400 metres at the Moylisha prospect of the Avalonia project. The drilling to date suggests that the pegmatites, including spodumene pegmatites, are open to the northeast and southwest along strike and at depth.

Current ownership of the Avalonia project is through a joint venture company, Blackstairs Lithium Ltd., a private company registered in Ireland, owned 55 per cent by Ganfeng Lithium and 45 per cent by International Lithium. In addition, Ganfeng Lithium has an option to acquire another 24 per cent by either incurring $10-million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79 per cent Ganfeng Lithium and 21 per cent International Lithium.

2018 drilling highlights

Several of the drill holes have successfully intercepted multiple occurrences of spodumene-bearing pegmatites. The attached table summarizes intervals with the most significant lithium results. Note that the reported widths are drill intercept widths and do not represent true thickness.

Sample intervals with greater than or equalling 1.00 per cent Li2O (lithium oxide) are reported (with the addition of one at 0.99 per cent Li2O). All drill hole widths are drill intercepts and do not represent true thickness of the mineralization. True thickness of the mineralization is not known at this time.

Adjacent samples were composited and shoulders or contained samples were included. Isolated samples with greater than or equalling 0.50 per cent Li2O were noted as geologically significant anomalies that may aide in interpretation but are not included here as part of the summary results.

A review of the quality assurance/quality control data was conducted. No issues were noted in the results returned by blanks inserted for validation. None of the eight CRM (certified reference material) results fell outside the plus-or-minus-three-standard-deviation range, but two (adjacent) samples fell outside the plus-or-minus-two-standard-deviation range, although one was only slightly outside. Four of the results were within the plus-or-minus-one-standard-deviation range and the batch average falls within plus or minus one standard deviation. All but one of the CRMs were below the CRM value, suggesting a slightly low bias in the lithium results.

      SIGNIFICANT LITHIUM RESULTS FROM THE 
      2018 AVALONIA PROJECT DRILL PROGRAM

Hole ID         Grade     Width*     From       To  
              (% Li2O)       (m)       (m)      (m)

MOY18-04         1.12      0.34     93.93    94.27
MOY18-06         2.55      2.05     75.17    77.22
MOY18-06         1.17      0.74     97.46    98.20
MOY18-08         2.17      0.71      9.77    10.48
MOY18-10         1.56      2.15     31.43    33.58
MOY18-11         1.03     12.29     86.27    98.56
MOY18-11         1.27      1.88    100.32   102.20
MOY18-11         1.49      1.40    105.45   106.85
MOY18-11         1.04      3.28    121.42   124.70
MOY18-13         1.35      4.28     68.32    72.60
MOY18-14         2.13      1.85    108.77   110.62
MOY18-14         0.99      1.18    112.52   113.70
MOY18-16         1.69      1.44     21.63    23.07
MOY18-16         1.06      1.59     40.83    42.42
MOY18-16         1.32      1.62     67.65    69.27
MOY18-17         2.08      3.14     44.34    47.48
MOY18-17         1.11      1.15     50.70    51.85
MOY18-17         1.18      1.01     53.15    54.16
MOY18-18         1.38      0.72     22.08    22.80
MOY18-18         2.78      0.72     49.83    50.55
MOY18-18         1.95      0.64     55.64    56.28
MOY18-18         2.13      0.65     81.21    81.86

* Reported widths are drill intercept widths and 
do not represent true thickness. True thickness 
is not known at this time.

Core processing procedure:

  1. Reconstruction of block interval and check block numbering:
    • Blocks were placed by the driller on the drill site to mark the end of each run. These and the box numbering were checked at the start of the geotechnical logging.
  2. Geotech:
    • The core was reassembled with the bottom marks facing up. The box intervals, RQD and recovery were recorded in the geotechnical log.
  3. Trace core orientation if possible:
    • Bottom marks, which had been made by the drillers, were extended along the rest of the run. Marks between runs were compared and the degree of offset was noted to determine the quality of the bottom mark. Oriented core measurements such as foliation and contacts were taken off these bottom marks.
  4. Lithology log and markup:
    • The drill core was described in a lithological log, which noted major and minor lithological variations, their intervals, and assigned a lithological classification.
  5. Sampling markup:
    • Sections of drill core of interest such as spodumene mineralization were marked for sampling and given a sample number. A blank or CRM was inserted every 10th sample for quality assurance/quality control. Sample widths were typically between 30 centimetres to 200 centimetres.
  6. Photograph dry and wet:
    • The core boxes were photographed three at a time on an inclined stand with a Pentax K3 DSLR (digital single-lens reflex) camera and controlled light. They were photographed both wet and dry with consistent camera settings. Box numbering, interval blocks and sampling markings were all made visible in these photos.
  7. Cut samples:
    • Sections of drill core marked for sampling were cut in half using an electric core saw. The core was cut at an orientation so as to preserve as much of the geological and marking information as possible. Half the core was taken for sampling and prepared for shipping, while the remaining half was rephotographed along newly exposed cut surface.

Laboratory methods and quality assurance/quality control

Core samples submitted to SGS Canada Inc. and were prepared by preparation code PRP90. This method includes crushing to 90 per cent passing through two millimetres and split with 250 grams being pulverized to 85 per cent passing through 75 micrometres.

Sodium peroxide fusion was used on one gram of material to obtain a complete digestion of the sample in molten flux and the analysis was finished by GE-ICM90A, a combined ICP-AES and ICP-MS (56 elements) (package GE-ICM90A (GE-IC90A plus GE-IC90M).

Afzaal Pirzada, PGeo, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and a consultant to the company, has reviewed and approved the technical content in this news release.

About International Lithium Corp.

International Lithium has a significant portfolio of projects, strong management, and a strategic partner and key investor -- Jiangxi Ganfeng Lithium, a leading China-based lithium product manufacturer.

The company's primary strategic focus is now on the Mariana project in Argentina and on the Raleigh Lake project in Canada.

Complementing the company's lithium brine project at Mariana and its rare metal pegmatite property at Raleigh Lake are interests in two other rare metal pegmatite properties in Ontario, Canada, known as the Mavis Lake and Forgan Lake projects, as well as the Avalonia project in Ireland, which encompasses an extensive 50-kilometre-long pegmatite belt.

We seek Safe Harbor.

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