NEW YORK, June 22, 2018 (GLOBE NEWSWIRE) — via NetworkWire — NetworkNewsWire (“NNW”), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Lithium Chile Inc. (TSX-V:LITH) (OTCQB:LTMCF), a client of NNW focused on advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and one laguna complex in Chile.
To view the full publication, titled “Anticipated Lithium Deficits Boost Outlook for Miners,” visit: http://nnw.fm/VBs9c
In previously announced results of a transient electromagnetic survey (TEM) covering 25 square kilometers of the Ollague project, Lithium Chile identified multiple large high-priority targets and a comprehensive sampling program revealed near-surface lithium brines assaying up to 1,140mg/L of lithium. In comparison, lithium concentration between 190 to 200 mg/L of lithium is needed for production in the United States.
Lithium Chile acquired its assets for just $3 per hectare. Prospective lithium parcels in Chile currently change hands around $1,500 per hectare, and proven tracts command more than $10,000 per hectare. Lithium Chile relied on the vast in-country experience and skills of Terry Walker, the company’s chief geologist and VP of exploration, to acquire large tracts of prime lithium-bearing properties. Using a 1970s French technical report overlaid on a national database of water well hydrology and water chemistry, Walker meticulously matched that information with an extensive lands claim database. Lithium Chile subsequently secured the best salars in proximity to the highest lithium concentrations and the closest to needed infrastructure. The result could turn out to be among the most promising and lucrative lithium-rich land packages in recent history.
About Lithium Chile
Lithium Chile is advancing a lithium property portfolio consisting of 152,900 hectares covering sections of 14 salars and one laguna complex in Chile. The properties include 64 square kilometers on the Salar de Atacama, which hosts the world’s highest concentration lithium brine production and is currently the source of approximately 30 percent of the world’s lithium production. Lithium Chile’s common shares are listed on the TSX.V under the symbol “LITH” and on the OTCQB under the symbol “LTMCF.” For more information, visit the company’s website at http://nnw.fm/LTMCF.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
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