09:39:18 EST Wed 11 Dec 2019
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Lithium Chile Inc
Symbol LITH
Shares Issued 101,941,835
Close 2019-11-15 C$ 0.30
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Lithium Chile to complete Turi drill pad, send crew

2019-11-18 09:04 ET - News Release

Mr. Steven Cochrane reports

LITHIUM CHILE UPDATES TURI DRILLING PROGRAM AND ANNOUNCES RIG MOBILIZATION

Lithium Chile Inc. anticipates that construction of the first drill pad on its Turi exploration prospect will be completed this week and that mobilization of the drilling rig contracted with Big Bear Drilling out of La Serena, Chile, will also commence toward the end of the week. Lithium Chile expects to collar and begin drilling its first reconnaissance hole on Turi early the week of Nov. 25, 2019. The first drill hole will test the greater-than-300-metre-thick core of a large well-defined high-conductivity TEM geophysical anomaly underlying at least 63 square kilometres of the Turi property. Near-surface brine samples taken by Lithium Chile from the area above the TEM anomaly contain lithium values ranging up to 590 milligrams per litre and moderate to low magnesium to lithium ratios of 7.8.

Lithium Chile has contracted Montgomery and Associates Consultores Ltda. from Santiago to assist with both the drilling and sampling program on Turi based upon its extensive experience in lithium exploration. Montgomery and Associates has developed most of the current resources and reserves definitions used for lithium brines in National Instrument 43-101 reports. It will assure quality assurance/quality control (QA/QC) control in its sampling techniques.

Steve Cochrane, president and chief executive officer of Lithium Chile, comments: "We are extremely pleased that we are finally able to commence our exploration program on our Turi prospect. With the challenges facing our industry today, the initiation of our second exploration project in Chile is a major success for Lithium Chile. I am proud of our team in Chile and we see this program as a significant opportunity to add shareholder value."

About Lithium Chile Inc.

Lithium Chile is advancing a lithium property portfolio comprising 166,150 hectares covering sections of 14 salars and two laguna complexes in Chile.

We seek Safe Harbor.

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