Monday, November 28, 2011

International Lithium Corp.: Phase 1 Drill Program to Commence Mariana Lithium Brine Project, Argentina ilc.v, tnr.v, czx.v, rm.v, lmr.v, abn.v, asm.v, btt.v, bva.v, bvg.v, epz.v, fst.v, gbn.v, hao.v, jnn.v, ks.v, ktn.v, kxm.v, mgn, mxr.v, rvm.to, svb, ura.v, nup.ax, srz.ax, usa.ax

  
  Now it will be interesting: International Lithium starts the main program on its Mariana Lithium and Potash Brine project in Argentina. With results from its Mavis exploration program pending, this junior Lithium developer will have the story to tell now.
  Insiders were accumulating the stock recently and Chinese Ganfeng Lithium holds strategic stake close to 10% in the company.




Lithium Investments: TMX Money: International Lithium Corp. Gears Up


With Oil above $100 again Lithium junior miners are catching the media attention again. International Lithium with its strategic partner from China - Ganfeng Lithium - is our Top Pick in this sector and we are following this company here. China will become the major player in the Electric space and half of the Oil future demand will come from that country according to IEA.








Lithium Drive: China pushes ahead on Electric Cars

"China is moving fast into the Electric space and, according to some reports, we should be very careful with all mass media games around the Green Energy and Electric Cars. The major game behind the scene now is the security of supply for strategic commodities for the Energy Transition like Lithium, Rare Earths and Copper.

  China will not drive the prices with the headlines, but rather will secure technology and commodities, which are necessary for its own future. It is happening on all fronts. Western companies have announced latest deals in Electric auto technology including Daimler, GM, Volkswagen, GE, Hertz and Better Place among other companies. Strategic investments are made by Chinese companies in International Lithium and Rodinia Lithium. Just few weeks ago the deal was announced by BYD in Argentina to built plants for Lithium batteries and Electric Cars."





Please, do not forget, that we own stocks we are writing about and have position in these companies. We are not providing any investment advise on this blog and there is no solicitation to buy or sell any particular company here. Always consult with your qualified financial adviser before making any investment decisions.

International Lithium insiders are accumulating the shares.

As of 11:59pm ET November 28th, 2011
Filing
Date
Transaction
Date
Insider NameOwnership
Type
SecuritiesNature of transaction# or value acquired or disposed ofUnit
Price
Nov 28/11Nov 28/11Schellenberg, Gary David AlbertDirect OwnershipCommon Shares10 - Acquisition in the public market25,000$0.110
Nov 25/11Nov 21/11Schellenberg, Gary David AlbertDirect OwnershipWarrants11 - Acquisition carried out privately66,875$0.010
Nov 25/11Nov 21/11Schellenberg, Gary David AlbertDirect OwnershipCommon Shares11 - Acquisition carried out privately66,875$0.110
Oct 12/11Oct 12/11Klip, KirillDirect OwnershipCommon Shares10 - Acquisition in the public market50,000$0.100
Jul 13/11Jul 13/11Schellenberg, Gary David AlbertIndirect OwnershipCommon Shares10 - Acquisition in the public market15,000$0.200
Jul 13/11Jul 13/11Schellenberg, Gary David AlbertDirect OwnershipCommon Shares10 - Acquisition in the public market8,000$0.215
Jul 12/11Jul 11/11Schellenberg, Gary David AlbertDirect OwnershipCommon Shares10 - Acquisition in the public market1,000$0.215
Jul 12/11Jul 8/11Schellenberg, Gary David AlbertDirect OwnershipCommon Shares10 - Acquisition in the public market1,000$0.215
Jul 8/11Jul 4/11Sieb, MikeDirect OwnershipCommon Shares10 - Acquisition in the public market10,000$0.150
Jun 7/11Jun 6/11Schellenberg, Gary David AlbertIndirect OwnershipCommon Shares10 - Acquisition in the public market5,000$0.200




International Lithium Corp. 

TSX VENTURE : ILC
TSX VENTURE : ILC.WT


International Lithium Corp. 
November 28, 2011 09:41 ET

International Lithium Corp.: Phase 1 Drill Program to Commence Mariana Lithium Brine Project, Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2011) - International Lithium Corp. (TSX VENTURE:ILC)(TSX VENTURE:ILC.WT) ("ILC" or the "Company") is pleased to announce a Reverse Circulation drill rig has been secured for the forthcoming drill program at the Mariana lithium brine project in the province of Salta, northwestern Argentina.
Key Highlights:
  • Mariana Phase 1 resource delineation drill program commencing within two weeks;
  • Objective is to characterize the subsurface brine across different regions within the salar;
  • Extensive Phase 2 drill program planned for early next year; and
  • Inferred Resource estimate targeted for Q3-2012.
"We are anticipating not only the commencement of drilling within the next two weeks, but the first real step in quantifying the subsurface potential of the Mariana salar," Mike Sieb, President of International Lithium Corp. states. "This Phase 1 resource delineation drill program will provide a wide spaced characterization of the subsurface brine in preparation for an extensive follow-up program early next year."
Mariana Drill Program
The Company will commence a 4-6 hole Phase 1 drill program on the Mariana lithium brine property in Argentina within the next two weeks. The goals include a) geochemical characterization of the subsurface brine across different regions within the basin, b) identification of the stratigraphy for a geological model of the salar, and c) identification and characterization of the aquifer potential of the basement of the salar. The Company's intent is to utilize this drill program as a first step towards a resource classification of the brine. A more extensive drill program is planned for early next year that will focus on the priority areas of the salar identified through the current program. The objective of the subsequent Phase 2 drill program will be to continue to delineate, characterize and add to the confidence level of the geochemistry of the host aquifer; with an Inferred Resource estimate targeted for Q3-2012.
The site preparation for the Phase 1 drill program at Mariana is complete and a drill rig has been secured. Through April to June 2011 a 20-person fully operational camp was erected at site, a 25 kilometre drill road network was constructed across the salar and 8 drill platforms were prepared.
About the Mariana Project
The Mariana lithium brine project in Argentina, covering an expansive 160 square kilometres, revealed highly compelling geochemistry from a preliminary investigation that returned average grades of 440 mg/L lithium and 12,700 mg/L potassium. The potassium levels were unexpected and represent one of the highest grades comparative to any of the neighbouring salars outside of the world class operation on the Atacama salar in Chile.
John Harrop, P.Geo, is the company's Qualified Person on the project as required under NI 43-101 and has reviewed the technical information contained in this press release.
ABOUT INTERNATIONAL LITHIUM CORP.
International Lithium Corp. is an international rare element metals ("REM") exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner, Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer, as a keystone investor.
ILC currently has 9 active REM projects, well balanced between lithium brines in Argentina and Nevada and hard-rock pegmatites in Canada and Ireland. The Company's primary focus is the Mariana lithium brine project, a salar or 'salt lake', covering 160 square kilometres and strategically encompassing the entire basin. Mariana is located in the renowned South American 'Lithium Belt' centred on the junction of Argentina, Bolivia and Chile that is host to the vast majority of global lithium resources, reserves and production. The Mariana lithium brine project ranks as one of the more prospective salars in the region.
Complementing the Company's lithium brine projects are the REM pegmatite properties. The key characteristics shared by the hard-rock REM projects are their limited past exploration, excellent accessibility, limited assaying for rare metals, clear potential for additional exploration to add project value and development potential to meet the global technological growth in demand for the REM suite of elements.
International Lithium Corp.'s mandate is to increase shareholder value through aggressive advancement of its core projects and to source joint venture partners to expand the scope and diversify risk of its exploration effort.
On behalf of the Board,
Mike Sieb, President - International Lithium Corp.
Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Shares CUSIP: #459820 10 6
Warrant CUSIP: #459820 11 4
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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