Announcement Date: 2022-12-05
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Lithium Chile Inc.
Project name: Arizaro de Salar
Location: Argentina
Commodities: Lithium
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: CALGARY, ALBERTA, December 5, 2022 – Lithium Chile Inc. (“Lithium Chile”) is pleased to announce the results of an updated resource report at the Salar de Arizaro. The update resulted in a significant increase to Lithium Chile’s lithium carbonate equivalent resource. The increase is a result of the success of its second production well. That second well, drilled 3.6 kilometers away from the initial production test well, encountered significantly increased thickness in the brine reservoir between 343 meters and 598 meters of depth. The updated resource estimate was prepared by Montgomery and Associates, an independent engineering firm that has supervised the drilling program such that all parameters necessary to meet the requirements of NI 43-101 are fulfilled. CONTINUED DRILLING Lithium Chile is proceeding with a production test well program that involves a total of 4 production test wells. Drilling of the third production test well slated to begin within the next week. It is noteworthy that Lithium Chile has designed the drilling program to include four production test wells in total. While each individual test well has a radius of investigation for resource estimate calculations, it is intended that upon completion of the fourth production test well, if successful, the area between the wells
Read More

Pricing Plans

We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.

Standard

$ 10
Per Month

Stay up to date with the global mining industry.

  • The Opaxe Review
  • Search using Explore
  • 37,000 company announcements

Premium

$ 100
Per Month

Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders

  • All Essential plan features; plus
  • Announcement Alerts and Notifications
  • Drilling result comparisons
  • Downloadable intercept data
  • Resources and reserves data