Lithium Chile Continues to Expand Its Carmona GOLD/Silver/Copper Prospect with Assays Grading up to 29.5 G/T GOLD 235 G/T Silver and 3.8% Copper
LITHIUM CHILE CONTINUES TO EXPAND ITS CARMONA
GOLD/SILVER/COPPER PROSPECT WITH ASSAYS GRADING
UP TO 29.5 G/T GOLD 235 G/T SILVER AND 3.8% COPPER
TSX Venture Exchange: LITH For Immediate Release
OTC-BB: LTMCF
CALGARY, ALBERTA, JUNE 29, 2021 – Lithium Chile Inc. (“ Lithium Chile” or the “ Company”) is
pleased to announce continuing positive results based on its recently completed phase 3 surface
exploration program in the Central Zone of its 100% owned Carmona gold/silver/copper
property. The results from the extensive soil and outcrop sampling program continue to increase
the number of new discoveries and expand the areas of mineralization on this highly prospective
84 sq km property.
HIGHLIGHTS
Three 1-4 sq km sectors of high Au-Ag-Cu bearing veins and porphyry Cu-Au style
disseminated mineralization discovered;
Outcrop assay range: 0.6-29.5 g/t Au,2.2-235 g/ Ag and 0.4-3.8% Cu;
Sector A containing the bulk of the newly discovered mineralization is 4 km by 1-1.5 km.
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The Central Zone sits on a regionally extensive structure and associated intrusives of the type
commonly associated with porphyry copper-gold and high-grade copper-silver-gold vein
deposits. This metallogenic setting hosts the bulk of the porphyry copper and gold deposits in
the Central Chilean porphyry belt. Numerous multi-element soil anomalies ranging up to 0.47 g/t
gold 1.9 g/t silver and 0.236% copper support the potential of the Central zone.
Terry Walker, Vice President Exploration of Lithium Chile commented: “ongoing exploration at
Carmona continues to yield new discoveries with exceptional assays and boosts our confidence
in its potential to host major copper, gold and silver deposits”
The company plans to follow up the discoveries in the Central and South Zones with Induced
Polarization (IP) chargeability/resistivity surveys with a view to near term reconnaissance drilling.
FURTHER UPDATES
The Company continues to advance its Argentinian production well and pump test program on
its Salar de Arizaro Property. The final definitive agreement has been received and is currently
being reviewed by the parties’ Argentinian lawyers. The Company plans further update upon
final signing. In the meantime, arrangements have been made on accommodations for our
drilling crew as well as fuel and water has been organized for the drill rig.
On the Laguna Blanca property a metallurgical study has been organized to further understand
the nature of the cesium mineralization on the property. The first part of this study will be done
in conjunction with the University of La Serena.
SAMPLE METHODOLOGY
During the exploration program all samples were collected by experienced Lithium Chile staff.
Each soil sample was sieved in the field to obtain 1kg of -18 mesh fines and was bagged and
sealed on site. Each rock sample consisted of 1 -1.5 kg of representative chips taken continuously from
outcrop or across mineralized structures and was bagged and sealed on site. All samples were delivered
by Lithium Chile’s staff to the ALS prep-lab in La Serena for processing. ALS subsequently shipped
a 30g sub-sample pulp to their laboratory in Lima, Peru where they were analyzed for gold by fire
assay pre-concentration, AA finish and 35 other elements including copper and silver, by the ICP
technique following Agua Regia digestion.
Qualified Person: Mr. Terence Walker, M.Sc., P.Geo., qualified person within the meaning of
National Instrument 43-101, has reviewed the contents of this news release.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 71,900 hectares covering
sections of 10 salars and two laguna complexes in Chile and now, 23,300 hectares in Argentina.
Lithium Chile also owns 5 properties, totaling 22429 hectares, that are prospective for gold, silver
and copper. Exploration efforts are continuing on Lithium Chile’s Carmona gold/silver/copper
property which lies in the Central Paleocene porphyry copper-gold belt adjacent to the Chilean
mega porphyry copper/gold/molybdenum belt.
Lithium Chile’s common shares are listed on the TSX-V under the symbol “LITH” and on the OTC-
BB under the symbol “LTMCF”.
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To find out more about Lithium Chile Inc., please contact Steven Cochrane, President and CEO
via email: [email protected] or alternately, Terry Walker VP Exploration email
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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.
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 news release are expressly qualified by this cautionary statement.