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Extensive High-Grade Potash Discovery At International Lithium's Mariana Brine Project - CEO Buys Shares ILC.v, TNR.v

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Apr 24, 2012

Extensive High-Grade Potash Discovery at International Lithium's Mariana Brine Project

 

Vancouver B.C.: International Lithium Corp. ("ILC" or the "Company") is very pleased to announce the discovery, through drilling, of the extensive distribution of high grade potash at its 100% owned, Mariana brine project located at Salar de Llullaillaco in the province of Salta, northwestern Argentina. The results demonstrate significant, consistent grades of potassium, with strong lithium and boron upside potential, remaining open at depth, in all four holes drilled.

Key Highlights:

    • The highest grades of potash reported in an Argentine Salar;
    • High potash values continue from surface to bottom in all holes;
    • Potash, lithium and boron grades are open at depth.
    "We are very encouraged with the results from the Phase 1 resource delineation drilling at Mariana that confirmed our belief in the potential of this multi-commodity potash-lithium-boron brine project. The observed extent of high grade potash brine encountered provides ILC the support and confidence to continue to advance our plans towards development. The objective for the next stage of exploration is to complete the remaining 10 to 12 holes needed for delineation drilling in conjunction with hydrogeological testing required to produce a reportable resource. Drilling will be designed to test structures that may control higher grade potash, lithium or boron zones" states Kirill Klip, President of the Company.


Full News Release.

 

Lithium and Potash Brine production from Salars in South America

 

 

Latest 10 SEDI filings (by transaction date) for ILC within the last 6 months [?]
Amended Filing
Click to enlarge
 

 

  As of 11:59pm ET April 25th, 2012
Filing
Date
Transaction
Date
Insider Name Ownership
Type
Securities Nature of transaction # or value acquired or disposed of Unit
Price
Apr 25/12 Apr 25/12 Schellenberg, Gary David Albert Indirect Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.110
Apr 11/12 Apr 10/12 GFL International Co., Ltd. Direct Ownership Common Shares 10 - Acquisition in the public market 4,347,826 $0.115
Mar 16/12 Mar 15/12 Listov, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 2,500 $0.100
Mar 16/12 Mar 14/12 Listov, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.100
Mar 14/12 Mar 9/12 Listov, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 6,000 $0.100
Mar 13/12 Mar 6/12 Listov, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 68,500 $0.100
Mar 8/12 Mar 6/12 Klip, Kirill Direct Ownership Common Shares 10 - Acquisition in the public market 12,000 $0.100
Mar 13/12 Mar 5/12 Listov, Alexander Direct Ownership Common Shares 10 - Acquisition in the public market 4,000 $0.100
Mar 2/12 Mar 1/12 Klip, Kirill Direct Ownership Common Shares 10 - Acquisition in the public market 38,000 $0.100
Jan 11/12 Jan 11/12 Schellenberg, Gary David Albert Indirect Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.100
Click to enlarge

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