Assay TV is joined by Steve Cochrane, president and CEO of Lithium Chili (TSXV: LITH), a company which has ownership of significant high-grade lithium reserves, comprising 68,800ha in Chile and 23,300ha in Argentina. The company also owns a further five properties totalling 22,429ha, that are prospective for gold, silver, and copper.
Steve updates us on the Lithium Chili’s development programme at its Salar de Arizaro property, which aims to prove that the lithium resource is larger than the previously announced 1.4Mt, which was previously released in February. The development programme consists of four planned diamond holes to provide data, alongside a rotary rig drilling three production holes.
Steve also explains that, overall, with the contribution of several development wells, the company expects the project to become a 4-5Mt resource.
Website: lithiumchile.ca
Primary tickers: TSXV:LITH
Stages of development: Exploration, Development, Production
Commodities: Lithium, Gold, Silver, Copper
Project to promote: Salar de Arizaro
Project location: Argentina