Lithium Chile Expands Helados Lithium Brine Property to 22,700 Hectares - Countrywide Lithium Land Package at 140,100 Hectares Now Largest Holdings Outside of Government TSX Venture Exchange: "LITH"
Lithium Chile Expands Helados Lithium Brine Property to 22,700 Hectares -
Countrywide Lithium Land Package at 140,100 Hectares Now Largest Holdings
Outside of Government
TSX Venture Exchange: "LITH"
CALGARY, Feb. 6, 2018 /CNW/ - Lithium Chile Inc. ("Lithium Chile " or the " Company ") is pleased to
announce that it has acquired an additional 5900 hectares at its Helados lithium brine property (map
attached), where near-surface brine samples have assayed up to 1280 mg/L lithium (see news release
dated Jan 23rd, 2017). Near-surface brine sample lithium assays from this newly acquired block range u p
to 760 mg/L and further highlight the 20+ kilometre (km) lithium enrichment trend along the Salar Tara -
Laguna Helada Basin axis. The Helados property now comprises a total of 22,700 hectares. A
geophysical work program is underway at the propert y, with drilling expected to commence in March.
Helados Highlights
• Increased Land Package: New total of 22,700 hectares.
• High-Grade Results from Sampling: Assays from near-surface sampling program of up to 1280
mg/L lithium.
• Excellent Chemistry: Sampled lithium brines at Helados have excellent chemistry including an Li:K
ratio of 0.1 and an Mg:Li ratio of 2.6.
• Work Program Underway : Gravity and TEM geophysics programs currently und erway and drilling
is expected to commence in March.
• Close to Infrastructure : Located 80 km due east of Salar de Atacama in the Andean Lithium Belt
and accessible year-round by paved highway and a sh ort 5km gravel road from the town of San
Pedro de Atacama.
• Largest Landholder : The Company now has a total land package of 140,1 00 hectares which is the
largest lithium exploration property portfolio outside of the Chilean government.
Terry Walker, V.P. Exploration, commented: "The continuing strong lithium enrichment encountered in
near surface brine samples along the whole Salar Tara - Laguna Helada Basin axis supports
management's belief that our Helados property has potential to host large high-grade lithium resources ."
The Company is also pleased to announce the appoint ment of Mr. Jeremy Ross to the position of Vice
President of Business Development. Mr. Ross has twe nty years experience in corporate development for
small and mid-cap resource companies focusing on th e mining and oil and gas sectors. Mr. Ross was the
Corporate Development Consultant for Fission Energy Corp. where he played a key role in its
development and performance until the majority of its assets were sold to Denison Mines Corp. Mr. Ross
has been a director of several public companies including, until March 17, 2017, Fission Uranium Corp.
which is listed on the Toronto Stock Exchange and has won a succession of industry awards.
The Company also announces its intention to grant 900,000 stock options to certain officers, directors
and consultants of the Company at a price of $1.05 per share (the "Options"). The Options will have a 5
year term and vest as to one third immediately and one third on the first and second anniversaries of the
date of the grant.
This news release has been reviewed by Terence Walk er, P. Geo., Chief Geologist and Vice President of
Exploration of the Company and a qualified person as that term is defined in National Instrument 43-101.
The Helados property now comprises a total of 22,700 hectares
About Lithium Chile (TSX-V: LITH)
Lithium Chile Inc. is advancing a Lithium property portfolio consisting of 140,100 hectares covering
sections of 13 salars and 1 laguna complex in Chile. The properties include 56 square kilometres on the
Salar de Atacama which hosts the world's highest co ncentration Lithium brine production and is currently
the source of about 30% of the world's Lithium production. Lithium Chile also owns a significant
Copper/Gold/Silver property portfolio consisting of 28,184 hectares over 6 different properties located in
Chile. Lithium Chile Inc.'s common shares are listed on the TSX-V under the symbol "LITH".
On Behalf of the Board of Directors,
LITHIUM CHILE CORPORATION
Steven Cochrane
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-looki ng 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 "expec ts",
"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, managem ent of the Company's views regarding its properties
and the ability of the Company to conduct exploration on its properties, the anticipated drilling program of
the Company and the proposed Spin-Out Transaction.
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 economi c 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; and 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 upda te 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 statemen t.
SOURCE Lithium Chile Inc.
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For further information: To find out more about Lithium Chile Corp, please contact the Company at
(587) 393-5801, Jeremy Ross, VP, at (604) 537-7556 or email [email protected]
CO: Lithium Chile Inc.
CNW 07:00e 06-FEB-18