TSX Venture Exchange:
LITH
OTC-QB: LTMCF
CALGARY, May 27, 2019 /CNW/ - Lithium Chile Inc.
("Lithium Chile" or the "Company") is pleased to announce
that an agreement has been reached between the Company and the
Indigenous Community of Turi as to the locations of the 3 holes in
its planned reconnaissance program on Turi. The agreed drill hole
locations were designed to evaluate the 30 Km2 core of
the current 63+ Km2 TEM anomaly whilst minimizing
environmental impact. The company is now in the process of
filing the necessary documentation with the SEA (Servicio
Evaluation Ambiental, DGA (Direccion General de Agua) and
SERNAGEOMIN (Servicio Nacional de Geología y Minería) in order to
proceed with the planned drilling program.
News Highlights
- Locations of 3 priority holes confirmed with Indigenous
Community of Turi
- Initial drill holes designed to evaluate 30 Km2 core
of the current 63+ Km2 TEM anomaly
- Filings in progress with relevant government bodies to proceed
with drill program
Lithium Chile has an access
agreement in place with the Indigenous Community of Turi for an
exploration program that includes these three exploration drill
holes and in the spirit of this agreement the Company will continue
to work closely with the Turi Community through all stages of the
agreed exploration program. At 13,000 hectares the Turi property
covers 100% of Salar de Turi and is
the third largest property in Lithium Chile's Andean and Pre-Andean
Salar belt portfolio.
Steven Cochrane, President and
CEO for Lithium Chile, said, "We are extremely pleased to have
reached another positive milestone in both our planned exploration
program and Community relations at Turi. We anticipate having our
approvals on our Turi and Coipasa drilling programs during
June."
About Lithium Chile
Lithium Chile is advancing a
lithium property portfolio consisting of 167,050 hectares covering
sections of 14 salars and 1 laguna complex in Chile.
Lithium Chile's common shares
are listed on the TSX-V under the symbol "LITH" and on the
OTC-QB under the symbol "LTMCF".
On Behalf of the Board of Directors,
LITHIUM CHILE INC.
Steven Cochrane
President & 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-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. In particular, this
news release contains forward-looking statements relating to, among
other things, management of the Company's views regarding the
current and subsequent drilling programs.
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 press release are expressly qualified by this cautionary
statement.
SOURCE Lithium Chile Inc.
