LITHIUM CHILE COMMENCES PHASE TWO OF THE RESOURCE EXPANSION PROGRAM ON THEIR SALAR DE ARIZARO PROJECT.

Provided By Globe Newswire

Last update: Feb 15, 2022

Calgary, Feb. 15, 2022 (GLOBE NEWSWIRE) -- CALGARY, ALBERTA, February 14, 2022 – Lithium Chile Inc. (“Lithium Chile” or the “Company”) is pleased to announce it has commenced their phase 2 drilling program consisting of three, 500-metre-deep step-out holes aimed at expanding the lithium resource and increasing the grade on the Arizaro property. The program is announced after an initial resource of 1,420,000 tonnes of lithium carbonate (“Li2CO3”) equivalent in the Indicated and Inferred Resource categories was reported on their maiden well (see February 8, 2022 News Release). Well permitting and an environmental impact study are currently underway. Drilling of the first well is anticipated by the end of March. The 3 well program is scheduled to take 6 months.