International Lithium Corp. ("ILC" or the "Company") (ILC:TSX-V) is
pleased to announce that the Company has initiated permitting and
preparations for drilling and bulk sampling brine for metallurgical
testing on their wholly owned Mariana Potash-Lithium project in
Argentina.
A combination of sonic and reverse circulation drilling is
planned to occur in the first half of 2013 to develop an
understanding of the resource potential for the entire salar, but
focusing on the potash and lithium concentrations and distribution
in the central one-third of the salar. GEOS Mining, an Australian
geological consultancy with experience in brine resource
estimation, has been retained to assist in planning the project and
carry out the necessary studies to support a resource estimation if
warranted at this stage.
The Company will also collect bulk samples of the brine to be
used for more advanced process and recovery testing. The
implementation of a program to install test evaporation ponds and a
pilot plant is being considered for this stage in addition to
hydrogeological, climatic and geophysical studies.
"It is important to our strategic partner that we gain an early
understanding of the variations in the unique chemical composition
of our source material. We will be working closely with their
technical teams to evaluate process methodology and determine final
lithium and potassium products that can be produced from the
Mariana brines." commented Kirill Klip, President of International
Lithium Corp., "By conducting these studies prior to a detailed
resource evaluation, we can better direct our efforts to determine
the economic viability of the project."
About the Mariana Project
For maps please see
http://internationallithium.com/s/marianalithium_argentina.asp
The Mariana potash-lithium brine project at Salar de
Llullaillaco in Salta, Argentina, consists of several contiguous
mining claims that cover an expansive 160 square kilometres. The
claims strategically encompass the entire salar and a significant
portion of the surrounding area (to provide site facilities for a
processing plant if the project proves to be economically viable).
The claims are 100% wholly optioned by the Company.
Salars, or salt lakes, host some of the largest known lithium
resources in the world and the Mariana basin is one of the more
prominent salars in the renowned lithium belt of South America,
currently accounting for more than 70% of global lithium
production.
Initial surface brine sampling revealed highly compelling
geochemistry reporting average grades of 440 milligrams per litre
("mg/L") lithium and 12,700 mg/L potassium. The potassium
levels were unexpected and represent some of the highest grades
comparative to any of the neighbouring salars outside of the world
class operation on the Atacama salar in Chile.
International Lithium Corp. previously drilled four widely
spaced reverse circulation drill holes (totalling 444 metres and
positioned approximately 5 kilometers apart) to characterize the
subsurface strata and brine within the 10 x 15 kilometer salar
(salt lake). Results indicate homogeneous geochemical
concentrations to the maximum depth of the holes (approximately 100
metres).
The upper stratigraphic interval is primarily halite varying in
depth from 18 to 32 metres in the peripheral areas and 66 metres
deep proximal to the center of the salar. Below this
predominantly halite layer an extensive mixed evaporite layer
approximately 32-52 metres thick, consisting of greater than 60%
fine to coarse sand, was encountered in the three peripheral
holes. Below the evaporite sequences in all holes, an
extensive medium to coarse grained, dark coloured, basaltic sand
interval was encountered. Brine flow measurements
recorded during drilling increased markedly below the halite
sequence throughout the sand rich layers.
Unconsolidated stratigraphic units with a significant granular
or sand component possess physical characteristics that allow them
to maintain a higher degree of permeability and porosity at greater
depths than halite (salt) units. Consequently, they represent
a potential aquifer for hosting brine at depth and are an important
target in the lithium-potash brine exploration model. The
measured brine densities, ranging from 1,190 to 1,298 grams per
litre ("g/L"), reflect a considerable quantity of dissolved salts,
approximately 10 times the salinity of seawater.
John Harrop, P.Geo, FGS, is the Company's Qualified Person on
the project as defined under NI 43-101 and has reviewed the
technical information contained in this press release.
About Jiangxi Ganfeng Lithium Co. Ltd.
Ganfeng Lithium, based in Xinyu, Jiangxi Province, China, is a
professional producer of lithium products which has developed a
comprehensive product chain, including lithium metal and alloys,
inorganic and organic lithium chemicals, supplies a wide range of
lithium products for primary and secondary lithium battery market,
pharmaceutical and new material industries. Ganfeng Lithium's
principal market is in China with international exports to Europe,
Japan, the USA and India. Ganfeng Lithium was founded in 2000 and
listed on the Shenzhen Stock Exchange in August 2010, notably as
the first publicly listed lithium company in China and has
experienced rapid continuous growth over the last 11 years.
Ganfeng Lithium is a major shareholder and strategic partner to
International Lithium Corp., currently holding approximately 17.5%
of the issued and outstanding shares of ILC.
About International Lithium Corp.
International Lithium Corp. is an exploration company with an
outstanding portfolio of projects, strong management ownership,
robust financial support and a strategic partner and keystone
investor Jiangxi Ganfeng Lithium Co. Ltd., a leading China based
lithium product manufacturer.
The Company's primary focus is the Mariana lithium-potash brine
project in Argentina within the renowned South American 'Lithium
Belt' that is host to the vast majority of global lithium
resources, reserves and production. The 160 square kilometre
Mariana project strategically encompasses an entire mineral rich
evaporite basin that ranks as one of the more prospective salars,
or 'salt lakes' in the region.
Complementing the Company's lithium brine projects are rare
metals pegmatite properties in Canada and Ireland that have
revealed through recent highly positive results a clear potential
that the Company will advance with the support of its strategic
partner, Ganfeng Lithium. These projects can add distinct value as
the Company strives to source rare metals to help meet the
increasing demand through the growth in global technologies that
utilize the rare metals suite of elements.
With the increasing demand of high tech applications in battery
and vehicle propulsion technologies, lithium and other rare metals
are no doubt the metals of tomorrow's green tech economy. By
positioning itself with solid development partners and projects
with significant resource potential, ILC aims to be the green tech
resource developer of choice for investors and build value for its
shareholders.
International Lithium Corp.'s mission is to find, explore and
develop projects that have the potential to become world-class
lithium, potash and rare metal deposits.
On behalf of the Board of Directors,
Kirill Klip
President, International Lithium Corp.
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. Statements in this press release other
than purely historical information, historical estimates should not
be relied upon, including statements relating to the Company's
future plans and objectives or expected results, are
forward-looking statements. News release contains certain
"Forward-Looking Statements" within the meaning of Section 21E of
the United States Securities Exchange Act of 1934, as amended.
Forward-looking statements are based on numerous assumptions and
are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in resource
exploration and development. As a result, actual results may vary
materially from those described in the forward-looking
statements.
Contact: Caroline Klukowski
info@internationallithium.com
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