RetireFund.com is for sale

Wednesday, May 25, 2011

Talison Lithium reports rich lithium and potassium levels at Salares 7 project in Chile.

Results from Salar de la Isla indicate up to 1,080 mg/l Lithium and up to 9,830 mg/l Potassium

Perth, Western Australia, May 25, 2011 – Talison Lithium Limited (“Talison” or the “Company”) (TSX:TLH | US;TLTHF) is pleased to announce the results from the first drill program at two of the seven salars that comprise the Salares 7 Project (“Salares 7”) in Chile.

Highlights

  • Initial shallow reconnaissance drill programs completed at Salar de la Isla and Salar de Las Parinas
  • Brine analyses at Salar de la Isla indicate: up to 1,080 milligrams per liter (“mg/l”) lithium, with an average of 863 mg/l lithium; and up to 9,830 mg/l potassium, with an average of 7,979 mg/l potassium

  • Brine analyses at Salar de Las Parinas indicate: up to 480 mg/l lithium, with an average of 331 mg/l lithium; and up to 8,210 mg/l potassium, with an average of 5,650 mg/l potassium
Peter Oliver, Chief Executive Officer, commented, “We are excited about the results from our initial reconnaissance drill program. The results are very encouraging for the further development of Salares 7 to meet the expected future growth in demand for lithium-ion batteries in the years ahead, and support the confidence that Talison has in the potential of Salares 7. With lithium values of up to 1,080 mg/l, we believe Salares 7 has the potential to be amongst the world’s best new lithium brine prospects.”

Salares 7 Overview
Salares 7 consists of seven salars (salt lakes) and playas located in the Atacama Region of Northern Chile. Five of the seven salars are 100% owned by Talison and its Chilean partners, and these five are clustered within a radius of approximately 30kms. The salars are largely underlain and surrounded by volcanic rocks of andesitic to basaltic affinity that make up some of the 800 volcanoes located in the Andes Mountains of northern Chile


 
To view the entire press release please visit:
http://www.talisonlithium.com/media/17301/110525_tll reports salares drilling results.pdf


Please find the updated Talison Corporate Presentation contained in the link below:
http://www.talisonlithium.com/media/17020/tlh_investor presentation 4 may 2011.pdf



Enhanced by Zemanta

No comments:

Post a Comment