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Last C$0.03 CAD
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ILC On Other Exchanges
As of 2:51 PM 04/16/15 All times are local (Market data is delayed by at least 15 minutes).

international lithium corp (ILC) Snapshot

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international lithium corp (ILC) Details

International Lithium Corp. engages in the exploration and development of mineral properties. It holds interests in lithium brine projects in Argentina, as well as rare metals pegmatite properties in Canada and Ireland. The company primarily focuses on its Mariana lithium-potash brine project covering 160 square kilometers located in the South American Lithium Belt in Argentina. International Lithium Corp. has a strategic partnership with Jiangxi Ganfeng Lithium Co.,Ltd. The company was incorporated in 2009 and is headquartered in Vancouver, Canada.

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international lithium corp (ILC) Key Developments

International Lithium Corp. and GFL International Co., Ltd Commences Drilling at Avalonia Lithium Pegmatite Project in Ireland

International Lithium Corp. reported that the company in conjunction with their strategic partner, GFL International Co., Ltd, (‘Ganfeng Lithium’) a fully owned subsidiary of Ganfeng Lithium Co. Ltd., commenced drilling at the Avalonia lithium pegmatite project in Ireland. Results from the ongoing regional and prospect scale geochemical sampling program previously announced on February 17, 2015 provided the Company with several highly prospective geochemical targets along portions of the thirty kilometre Leinster pegmatite belt. The Company will test at least three of these targets with the current drill program. Drilling in the Moylisha target area began on April 7. The focus of the ongoing soil-sampling program is to better define areas of anomalous geochemical results in preparation for further drill testing. A total of 700 meters of drilling is planned with the nominal drill hole depth expected to be 30 meters. The Company believes that mineralization at Avalonia will be located at or near surface, below shallow overburden. The exploration at Avalonia continues to reveal promising indications of an extensive series of buried lithium-rich pegmatites. The current work program is expected to be completed by June, 2015.

International Lithium Corp. Auditor Raises 'Going Concern' Doubt

International Lithium Corp. filed its Annual on Mar 09, 2015 for the period ending Dec 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

International Lithium Corp. Announces Update on Avalonia (Ireland) and Mariana (Argentina) Lithium Projects

International Lithium Corp. reported that the company is encouraged by preliminary results from regional exploration work conducted along their 30 kilometer long lithium pegmatite belt in southeastern Ireland. A much more complete geochemical picture of the Leinster Pegmatite Belt is emerging. Preliminary results from soil geochemistry, boulder mapping and prospecting include: Soil geochemistry revealed anomalies adjacent to some of the historical prospects, which may reflect extensions to known mineralization; Soil geochemistry has identified highly prospective anomalous areas not previously identified that are in some cases proximal to newly mapped populations of pegmatite boulders; The prospective Belt may be significantly wider than previously realized, with pegmatite bodies now indicated to occur in parallel at the Leinster granite contact or on either side of the contact in the two host rock units; and Highly prospective results prompt the Company to remobilize crews to the project later this month. From September to December 2014, ILC conducted regional and prospect scale geochemical sampling along the length of the Leinster pegmatite belt and mapped the distribution of pegmatite boulders between historical prospects. The exploration goal was to extend known mineralized zones and identify new prospects in areas with less historical exploration. It is well established that mapping pegmatite boulder patterns has directly led to the discovery of the known prospects within the belt. Utilizing soil geochemistry in conjunction provides the additional ability to trace where known pegmatites extend under cover, and to discover new pegmatites beyond the areas of boulder coverage. Soil sampling was conducted using a combination of power and hand augers to reach the C- horizon where a sample was collected and described. A total of 2,403 subsoil samples were collected and submitted to ALS Limited (formerly OMAC Laboratories Ltd) in Loughrea, Ireland. Based on the highly encouraging results, exploration at the Avalonia Project in Ireland is scheduled to restart later this month. Soil sampling will continue to: infill areas along the Belt, test extensions to newly identified anomalies and test for parallel pegmatites along the newly defined, wider belt.


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