Lithium Chile Provides Operational Update ON Its Argentinian Lithium Project
LITHIUM CHILE PROVIDES OPERATIONAL UPDATE ON ITS
ARGENTINIAN LITHIUM PROJECT
TSX Venture Exchange: LITH For Immediate Release
OTC-BB: LTMCF
CALGARY, ALBERTA, JUNE 09, 2021 – Lithium Chile Inc. (“ Lithium Chile” or the “ Company”) is
pleased to announce that significant progress has been made towards the drilling of the
Company’s initial production test well on its Arizaro property in Salta Province, Argentina.
HIGHLIGHTS
Work program outlined and budget completed;
Total cost below forecast;
Drilling Contractor retained;
Senior consulting geologist 30+ years lithium experienced retained
The initial operational meeting was held within a week of signing the LOI (May 17, 2021 press
release) and plans continue to unfold quickly. Once the definitive agreement is completed prior
to July 12 th, the Company hopes to begin drilling the production test well. Drilling should take
approximately 8 weeks with a 30-day pumping test to follow. The test is designed to analyze and
collect data from the target zone that will prove the potential commerciality of the aquifer
identified in an earlier exploration program.
Steve Cochrane, President and CEO of Lithium Chile commented: “I am very pleased that our
Argentinian team was established so quickly allowing us to initiate our production well drilling
program. It is exciting that we now have two programs underway in two of the major countries
forming the “Lithium Triangle.” We are confident that this will create substantial shareholder
value going forward.”
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 22,429 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 heart of the Chilean mega porphyry gold/ silver/copper 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”.
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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POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA
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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.