Lithium Chile Advances Turi Project with Agreement on Drill Hole and Initiates Filings with Related Government Bodies
Lithium Chile Advances Turi Project with
Agreement on Drill Hole and Initiates Filings
with Related Government Bodies
TSX Venture Exchange:
LITH
OTC-QB: LTMCF
CALGARY
,
May 27, 2019
/CNW/ -
Lithium Chile Inc. ("Lithium Chile" or the "Company
") is
pleased to announce that an agreement has been reached between the Company and the
Indigenous Community of Turi as to the locations of the 3 holes in its planned reconnaissance
program on Turi. The agreed drill hole locations were designed to evaluate the 30 Km
2
core of the
current 63+ Km
2
TEM anomaly whilst minimizing environmental impact. The company is now in the
process of filing the necessary documentation with the SEA (Servicio Evaluation Ambiental, DGA
(Direccion General de Agua) and SERNAGEOMIN (Servicio Nacional de Geología y Minería) in
order to proceed with the planned drilling program.
News Highlights
Locations of 3 priority holes confirmed with Indigenous Community of Turi
Initial drill holes designed to evaluate 30 Km
2
core of the current 63+ Km
2
TEM anomaly
Filings in progress with relevant government bodies to proceed with drill program
Lithium
Chile
has an access agreement in place with the Indigenous Community of Turi for an
exploration program that includes these three exploration drill holes and in the spirit of this
agreement the Company will continue to work closely with the Turi Community through all stages of
the agreed exploration program. At 13,000 hectares the Turi property covers 100% of
Salar de Turi
and is the third largest property in Lithium Chile's Andean and Pre-Andean Salar belt portfolio.
Steven Cochrane
, President and CEO for Lithium Chile, said, "
We are extremely pleased to have
reached another positive milestone in both our planned exploration program and Community
relations at Turi. We anticipate having our approvals on our Turi and Coipasa drilling programs
during June
."
Turi Project - 3 Drill Locations (CNW Group/Lithium Chile Inc.)
About Lithium Chile
Lithium
Chile
is advancing a lithium property portfolio consisting of 167,050 hectares covering
sections of 14 salars and 1 laguna complex 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:
about 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 08:00e 27-MAY-19