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International Lithium Corp.
Summary
| Project: | Avalonia | |
|---|---|---|
| Deposit: | Avalonia | |
| Location: | Ireland | |
| Commodities: | Lithium | |
| Date: | 4/11/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-4-2019: International Lithium Corp. announces an Exploration/Drilling Update report for its Avalonia deposit at the Avalonia project. JV with Ganfeng Lithium - drilling results incl. 12.29m @ 1.03% Li2O from 86.27m. Vancouver, B.C. April 10, 2019: Inte | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Afzaal Pirzada (Independent) | |
| ABSTRACT: | Vancouver, B.C. April 10, 2019: International Lithium Corp. (the “Company” or “ILC”) (TSXV: ILC) reports analytical results for the 2018 drill program at the Avalonia lithium pegmatite project in Ireland. The results were received from the Company’s joint venture partner, GFL International Co. Ltd., a subsidiary of Jiangxi Ganfeng Lithium Co. Ltd. (“Ganfeng Lithium” or “GFL”). GFL is the Operator of the project (see the Company’s news release dated May 14, 2018 for further details). A total of 1947.6 metres of NQ diameter core drilling was completed in fifteen drill holes spanning a strike length of approximately 400 metres at the Moylisha prospect of the Avalonia Project. The drilling to date suggests that the pegmatites, including spodumene pegmatites, are open to the northeast and southwest along strike and at depth. Current ownership of the Avalonia Project is through a joint venture company, Blackstairs Lithium Limited, a private company registered in Ireland, owned 55% by Ganfeng Lithium and 45% by ILC. In addition, Ganfeng Lithium has an option to acquire another 24% by either incurring CAD $10 million expenditures on exploration activities or delivering a positive feasibility study on the project, at which time the ownership will be 79% Ganfeng Lithum and 21% ILC. | |
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