Lithium Chile’S Expanded Carmona GOLD Property Continues to Return High Grade GOLD and Silver Grades up to 21.4 Gms/Tonne GOLD and up to 329 Gms/Tonne Silver from Second Sampling Program
LITHIUM CHILE’S EXPANDED CARMONA GOLD PROPERTY CONTINUES TO
RETURN HIGH GRADE GOLD AND SILVER GRADES UP TO 21.4 GMS/TONNE GOLD
AND UP TO 329 GMS/TONNE SILVER FROM SECOND SAMPLING PROGRAM
TSX Venture Exchange: LITH For Immediate Release
OTC-BB: LTMCF
CALGARY, ALBERTA, September 17, 2020 – Lithium Chile Inc. (“Lithium Chile” or the “Company”)
is pleased to announce it has received assay results from the second set of samples taken from
its 100% owned Carmona gold and silver property. These assay results are from samples taken
on additional claims recently staked which are adjacent to the Company’s existing Carmona
claims. The highlights are as follows:
• Assays are from initial reconnaissance rock and sediment sampling eight kilometers west
of the main Carmona claims on the newly acquired Carmona-Garillas claims block.
• Assays results from rock chip samples range from 1.4 - 21.4 g/tonne gold and 3 - 329
g/tonne of silver.
• The area of the claims sampled to date covers a three-square km zone of hydrothermal
alteration containing gold-silver rich veins and breccia zones hosting several ac tive
artisanal workings.
The Company is extremely pleased with these initial positive results and plans to immediately
conduct detailed infill sampling on additional areas to the west such that the balance of the claim
block area has been sampled . During the Company’s recent exploration program of detailed
geological mapping and sediment and rock sampling an additional 380 samples were taken over
the south zone of the main Carmona claim block. Assay results from this second phase program
are expected over the next 30 days.
Steve Cochrane, President and CEO of Lithium Chile comment ed, “We are extremely pleased to
see such good gold and silver grades coming out of our current Carmona exploration program.
We see significant potential in this property and these recent assay results continue to reinforce
our expectations.”
The Company also wishes to provide an update of the current situation in Chile as it relate s to
the COVID-19 Pandemic. While a state of emergency still exists in Chile with restrictions on road
travel and health checks in certain communities and at border crossings, some communal
restrictions are being lifted. Airports are now open and domestic flights have resumed although
on a reduced schedule. Santiago is returning to relative normality and it is anticipated the Chilean
Courts will re -open to allow for more cases to be heard. With restrictions slowly being lifted
throughout the country, Lithium Chile hopes that its Coipasa compensation hearing will proceed
early this fall.
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. During the course of t he exploration
program all samples were collected by experienced Lithium Chile staff. Each soil sediment sample
2
was sieved in the field to obtain a pprox. I kg of 18 mesh fines which was bagged and sealed on
site. Each roc k sample consisted of 1 -1.5 kg of representative chips taken continuously from
outcrop or across mineralized structures, was bagged and sealed on site. All samples were
delivered by Lithium Chiles staff to the ALS prep-lab in La Serena for processing. ALS subsequently
shipped 30g sub-samples of 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.
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.
Lithium Chile now also owns 5 properties that are prospective for gold, silver and copper. The
Carmona property lies in the heart Chilean Mega Porphyry copper, gold and silver 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 conta ct Steven Cochrane, President and CEO
via email: [email protected] or alternately, Jeremy Ross, 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].
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.
NOT FOR RELEASE IN THE UNITED STATES OF AMERICA
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 b y 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, the closing of the second tranche of the private
placement, statements pertaining to the use of proceeds, and the Company's ability to obtain necessary approvals from the TSX
Venture Exchange.
You are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors an d
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 prospec ts 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.