Lithium Chile announces community approval for their exploration program on their Salar de Coipasa property
Lithium Chile announces community
approval for their exploration program
on their Salar de Coipasa property
TSX Venture Exchange:
LITH
OTC-QB: LTMCF
CALGARY, April 23, 2019 /CNW/ - Lithium Chile Inc. ("Lithium
Chile" or the "Company") is pleased to announce that it has
received community approval for the planned exploration program on
its Salar de Coipasa property in Chile. This is the third community in
Chile's lithium-rich salars to approve the Company's exploration
activities, following approval by the communities at the Company's
Ollague and Turi properties. Having obtained approval for exploration
at this third property establishes Lithium Chile as a clear leader
amongst Chilean lithium exploration companies in the ability to work
constructively with local communities and successfully gaining their
support.
Coipasa Satellite Image (CNW Group/Lithium Chile Inc.)
At the end of March 2019, the Indigenous Community Aymara of
Ancovinto, owner of the surface rights where the Company's Salar de
Coipasa project is located, approved the exploration program with a
large majority. This stage of consultation, as mandated by Chilean
laws and International conventions for respecting indigenous
communities, customs and the environment, is now complete. The
approval expresses the support of the community and its confidence
in the Lithium Chile team to carry out the program in a manner that
respects the inhabitants of the area and their ancestral way of life.
Geophysics has already been completed on the company's 129 km2
Salar de Coipasa property revealing a highly conductive anomaly
covering over 65% of the property. Currently, the Company's
management is working collaboratively with local community
representatives on optimising drill hole locations to minimise surface
impact.
Steven Cochrane President and CEO comments "We are delighted to
have received the support from the Ancovinto Community of Coipasa
to advance this project and are very encouraged by the continued
success of our Chilean team in developing productive relationships
with local communities. This particular property is one of our most
exciting exploration projects and we look forward to the upcoming
exploration program. The potential in Salar de Coipasa has become
increasingly clear following the recent US$1.3 billion investment by
Chinese company, Xinjiang TBEA Group, to earn a 49% interest in the
Bolivian side of the same salar."
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of
164,250 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 current and subsequent exploration programs and
approvals thereon.
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 and local community
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: 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] .
CO: Lithium Chile Inc.
CNW 08:00e 23-APR-19