Lithium Chile Commences Drilling at Turi Lithium Brine Project in Chile
Lithium Chile Commences Drilling at Turi Lithium Brine Project in Chile
TSX Venture Exchange: LITH For Immediate Release
OTC-QB: LTMCF
Calgary, Alberta, December 04, 2019 - Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to
announce that drilling has commenced at its Turi lithium brine project in Chile . The initial exploration
program of up to three holes will focus on the core of a major geophysical anomaly that covers over 63
square kilometres and is 200 to 300+ metres thick. Near surface brine samples taken by Lithium Chile
from the area above the TEM anomaly contain lithium values ranging up to 590 mg/l and moderate -to-
low magnesium-to-lithium ratios of 7.8. Turi not only benefits from excellent drainage into the Basin but
also has a number of natural lithium rich hot springs indicating a potential subterranean source of lithium.
Lithium Chile is the largest landholder of lithium exploration projects in Chile outside of the government
and SQM. Turi is one of six high -priority projects identified for early drill testing and the Company has
engaged Santiago-based Montgomery and Associates to assist with the drilling and water sampling
program.
Steve Cochrane, President and CEO of Lithium Chile comments, “Turi is one of the priority prospects in our
Chilean portfolio thanks to strong sampling results and the presence of a major geophysical anomaly. This
is the second consecutive property for which we have acquired local and government agreement to drill.
Our success in building on -the-ground relationships continues to bear fruit and truly sets us apart from
other junior exploration companies with Chilean prospects. We look forward to sharing drilling results as
they are received.”
This news relea se has been reviewed by Terence Walker, P. Geo., Vice President of Exploration of the
Company and a qualified person as that term is defined in National Instrument 43-101.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 166,150 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”.
To find out more 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]
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 mat erial 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. According ly, 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.