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ILC VERY INTERSTING LITHIUM EXPLORER WITH COULPLE OF BIG PROJECTS AND LARGE EXPLORATIONS BUDGET! HAVE LOAD THIS STOCK FOR POSSIBLE MULTI $ GAIN NEXT TIME! SEE POSSIBLE 10 BAGGER POTENTIAL! CHECK OUT THE NEWS FLOW AND BUILD YOUR OWN OPINION!
International Lithium Corp. and Ganfeng Lithium Announce Mobilization of Two Drills at Avalonia Lithium Project in Ireland
August 12, 2016Uncategorized
Vancouver, B.C. August 12, 2016 International Lithium Corp. (the “Company” or “ILC”) (TSX Venture:ILC.V) is pleased to announce that following a successful first round of drilling at the Avalonia project in Ireland earlier this year (Company news releases dated July 21, June 9 and April 11, 2016), the Company has mobilized two drills for a follow-up round of drilling at the Aclare prospect within the greater Avalonia project area. In conjunction, field crews have commenced detailed geochemical surveys on additional priority areas in preparation for drilling.
Aclare Drill Programme
Drilling completed earlier this year (Company news releases dated July 21, and June 9) has indicated that the main lithium bearing pegmatite at Aclare is less faulted than previously interpreted and exhibits inflections along the strike suggesting areas where the pegmatite thickens. Two drills have been mobilized to the property with the first hole collared on 8 August. A 500 metre drill programme will investigate the shape of the main pegmatite body and a series of short drill holes are planned to test the continuation of the Aclare pegmatite along trend. Drilling is anticipated to take approximately three weeks.
Field Exploration
Soil gas hydrocarbon (SGH) soil surveys are planned over three targets including Aclare where the positions of pegmatite targets are well known through drilling and historical trenching. The SGH method has previously been used by other companies to detect lithium pegmatites through soil cover. One of the other target areas selected to perform this survey is at the Moylisha prospect situated approximately 10 kms northeast of Aclare.
In addition to the SGH survey, the Company is awaiting permits to commence trenching at Moylisha. The Moylisha target area contains extensive boulder trains of spodumene bearing pegmatite assaying up to 4.59% Li2O* that have yet to be traced back to source. The combined objective of the planned exploration surveys at Moylisha is to identify the geology hidden under soil cover and to specifically locate the pegmatite source of the lithium rich boulders. The results from this exploration program at Moylisha will be utilized in planning the next phase of drilling.
* Previously reported grab sample in Company news release dated January 31, 2012. Grab samples are by definition selective and are unlikely to represent average grades on the property.
Gary Schellenberg, CEO, International Lithium Corp. comments, “Each day we advance our understanding of the 42 km long Avalonia lithium pegmatite belt, we continue to be highly encouraged as the exploration potential is wholly reinforced. Even as we commence this stage of drilling at Aclare, we are preparing the next priority targets for drilling as we systematically test the known multitude of targets”.
John Harrop, P.Geo, FGS, a Qualified Person on the project as defined under NI 43-101 and has supervised the preparation of technical information contained in this press release.
International Lithium Corp. and Pioneer Resources Plan $1 Million Exploration Budget at the Mavis and Raleigh Lithium Pegmatite Projects, Ontario, Canada
July 28, 20162016
Vancouver, B.C. July 28, 2016, International Lithium Corp. (the “Company” or “ILC”) (TSX Venture:ILC.V) is pleased to announce that strategic partner Pioneer Resources Limited (“Pioneer”) (ASX:PIO) is planning $1 million in exploration expenditures in 2016 on the Mavis and Raleigh lithium pegmatite projects east of Dryden, Ontario, Canada.
“This brings the total amount budgeted for exploration to CAD$17 million across the Company’s projects in Canada, Argentina and Ireland, making International Lithium Corp. one of the most active exploration companies in the lithium sector. This speaks volumes for the quality as well as the potential of the Company’s projects,” states Kirill Klip, President, International Lithium Corp.”
Mavis and Raleigh Exploration Programs
The $1 million budget will be allocated fairly evenly across the Mavis and Raleigh lithium pegmatite projects (“Projects”). The exploration programs will include litho-geochemical sampling, ground and airborne geophysics and 3,000m of diamond drilling with 1,500m planned at each of the Projects in autumn 2016.
To date a continuous-reading ground magnetic survey has been completed over much of the Mavis Lake Lithium Project and data processing is underway. In addition, mapping and litho-geochemical rock sampling (170 samples submitted for assay) have been completed to refine targets ahead of drilling.
Field crews will undertake similar exploration programs of geophysics, mapping and litho-geochemistry at Raleigh later this month. Magnetic survey options are being investigated to best suit the local terrain with consideration being given to the use of a low-altitude high-resolution aeromagnetic system.
About the Mavis and Raleigh Lithium Pegmatite Projects
The Mavis and Raleigh Lithium Projects are situated 19 and 80 kilometres east respectively from the town of Dryden, Ontario. Both Projects are in close vicinity to the Trans-Canada highway and railway major transportation arteries linking larger cities such as Thunder Bay, Ontario, to the southeast and Winnipeg, Manitoba, to the west.
When rare-metal pegmatites are emplaced, the host rocks adjacent to the pegmatite are enriched by the associated fluids forming a rare-metals’ dispersion halo around the pegmatite body. Normally the extent of the rare-metal alteration halo is within meters of the pegmatite, but the pegmatite belts at Mavis and Raleigh exhibit some of the broadest and strongest host-rock lithium anomalies observed around the world denoting an intense mineralizing system.
Previous exploration campaigns on the Projects successfully discovered spodumene bearing high-grade lithium pegmatites within these anomalous bands (see Company news releases March 14, March 23, July 13 and July 25, 2016 for further details).
The close proximity of the Projects presents clear strategic and operational advantages. ILC is pursuing lithium prospects with reported high grades in this region and seeking to consolidate them with the aim to identify sufficient resources in multiple prospects to potentially feed a common processing facility. The Upper Canada Lithium Pool is the anticipated geographical consolidation of projects and partnered companies hosting amenable grade, volume, access and infrastructure in order to mitigate the financial burden on any one company when advancing specific projects to reach this goal.
John Harrop, P.Geo, FGS, is a Qualified Person as defined under NI 43-101 who has supervised preparation of the technical information contained in this news release.
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 Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.
The Company’s primary focus is the Mariana lithium-potash brine project, a joint venture with Ganfeng Lithium Co. Ltd. within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects; and one project in Ireland (Avalonia project) that encompasses an extensive 50km long pegmatite belt. The Avalonia project is under option to strategic partner Ganfeng Lithium and the Mavis and Raleigh projects with strategic partner Pioneer Resources Limited (PIO:ASX). The Mavis, Raleigh and Forgan projects together form the basis of the Company’s newly created Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow’s “green-tech”, sustainable economy. By positioning itself with solid development partners and acquiring high quality grass roots projects at an early stage of exploration, ILC aims to be the resource explorer of choice for investors in green tech and build value for its shareholders.
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