- Lithium Chile (LITH) has completed the preparation of the production test well on its 23,300-hectare Salar de Arizaro Property in Salta, Argentina
- The earlier exploration hole, located 100 meters east of the production test well, returned average lithium grades of 850 mg/l
- The current production test is designed to obtain confirmation of those grades and to prepare the property for commercial lithium production
- Lithium Chile now moves into Phase 2 – consisting of well clean-up and commencement of the pump test and sampling program
- Lithium Chile Inc is engaged in the acquisition and development of mineral properties
- Lithium Chile Inc. (LITH) is down 6.25 per cent on the day, trading at C$0.60 per share
Lithium Chile (LITH) has completed the preparation of the production test well on its 23,300-hectare Salar de Arizaro Property in Salta, Argentina.
The Arizaro prospect is a potentially transformational project for Lithium Chile. The earlier exploration hole, located 100 meters east of the production test well, returned average lithium grades of 850 mg/l over 6 separate samples.
The current production test is designed to obtain confirmation of those grades and to prepare the property for commercial lithium production.
Lithium Chile now moves into Phase 2 – consisting of well clean-up and commencement of the pump test and sampling program.
Steve Cochrane, CEO of Lithium Chile, commented,
“We are delighted with the excellent progress being made on our Arizaro property. The installation of the new casings went smoothly and I would like to take this opportunity to thank all our contractors and service providers in Argentina for their excellent work. Bringing this stage of the project in on time, on budget and without any safety or environmental incidents is a testament to their professionalism and care of the environment.
We now move into Phase 2 – easily the most exciting phase of the program.”
Lithium Chile is advancing a lithium property portfolio consisting of 69,200 hectares covering sections of 10 salars and two laguna complexes in Chile and 23,300 hectares in Argentina.
Lithium Chile Inc. (LITH) is down 6.25 per cent on the day, trading at C$0.60 per share.