Lithium Chile Advances Coipasa and Turi Projects Towards Drilling
Lithium Chile Advances Coipasa and Turi
Projects Towards Drilling
TSX Venture Exchange: LITH
OTC-QB: LTMCF
CALGARY
,
Sept. 12, 2019
/CNW/ -
Lithium Chile Inc. ("Lithium Chile" or the "Company
") is
pleased to announce that it has advanced to the final stage of obtaining an access easement from
the Chilean Courts for the Coipasa property, a lengthy process of almost three months necessitated
by local access restrictions and aboriginal rights issues. While the initial agreement was voted on in
April 2019
and accepted by over 65% of the Community membership, that agreement has gone to
the local mining court to grant a binding access order. The process has passed through various
stages with the support of both the courts and the community. It is expected that these procedures
will soon be completed, and pre-drilling preparations can begin.
At the Turi property, the Company received community approval in early 2019. The Company has
identified drill locations and prepared the initial drilling application. As part of that application, the
Company completed an Environmental Impact Statement which was submitted as part of the
permitting process. Following our original submission in
June 2019
, the Service of Environmental
Impact Evaluation (SEIA) requested additional information and studies which have been completed
and submitted. The Company is now awaiting their final response in order to proceed with the
planned drilling program.
Project Highlights
Coipasa
Locations of 3 priority holes which have been confirmed with the Indigenous Community of
Ancovinto
Initial drill holes are designed to evaluate 40+ Km
2
core area of the current 58+ Km
2
TEM
anomaly
Final stages of access easement are in progress with courts to processed with the drill program
Turi
Locations of 3 priority holes which have been confirmed with the Indigenous Community of Turi
Initial drill holes are designed to evaluate 30+ Km
2
core area of the current 63+ Km
2
TEM
anomaly
Filings are in progress with relevant government bodies to processed with the drill program
Steven Cochrane
, President and CEO for Lithium Chile, said, "
While the permitting process has
taken longer than we had hoped, we are
extremely pleased to have reached another positive
milestone in both our planned exploration program and Community relations at both of our priority
targets at Coipasa and Turi. We take very seriously our commitment to work with the Indigenous
communities and are grateful for their continued support going forward"
Coipasa Property - TEM and Proposed Drill Hole Location (CNW Group/Lithium Chile Inc.)
Turi Property - TEM and Proposed Drill Hole Location (CNW Group/Lithium Chile Inc.)
About Lithium Chile
Lithium
Chile
is advancing a lithium property portfolio consisting of 166,950 hectares covering
sections of 14 salars and 2 laguna complexes in
Chile
.
Lithium
Chile's
common shares are listed on the TSX-V under the symbol "
LITH
" and on the OTC-
QB under the symbol "
LTMCF
".
On Behalf of the Board of Directors,
LITHIUM
CHILE
INC.
Steven Cochrane
President & CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward Looking Statements
This news release may contain certain forward-looking information and forward-looking statements
within the meaning of applicable securities legislation (collectively "
forward-looking statements
").
Generally, forward-looking information can be identified by the use of forward-looking terminology
such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and
phrases or statements that certain actions, events or results "will" occur. In particular, this news
release contains forward-looking statements relating to, among other things, management of the
Company's views regarding the current and subsequent drilling programs.
You are cautioned that the following list of material factors and assumptions is not exhaustive.
Specific material factors and assumptions include, but are not limited to: the general stability of the
economic and political environment in which the Company operates; the timely receipt of required
regulatory approvals; the ability of the Company to obtain future financing on acceptable terms;
currency, exchange and interest rates; operating costs; the success the Company will have in
exploring its prospects and the results from such prospects. Accordingly, readers should not place
undue reliance on forward-looking statements. The Company does not undertake to update any
forward-looking statements herein, except as required by applicable securities laws. All forward-
looking statements contained in this press release are expressly qualified by this cautionary
statement.
SOURCE
Lithium Chile Inc.
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For further information:
Lithium Chile Inc., please contact Steven Cochrane, President and CEO
via e mail: [email protected]
or alternately, Jeremy Ross, VP Business Development, at (604)
537-7556 or via email: [email protected]; Chilean contact is Terry Walker, VP Exploration at
(011) 562 2455-6473 or via email: [email protected]
CO: Lithium Chile Inc.
CNW 16:17e 12-SEP-19