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Last C$0.03 CAD
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Volume 55.0K
As of 1:34 PM 07/3/15 All times are local (Market data is delayed by at least 15 minutes).

international lithium corp (ILC) Snapshot

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08/11/14 - C$0.06
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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. Updates on Drilling Programs at the Mariana Project in Argentina

International Lithium Corp. provided an update on the exploration and drilling programs at the Mariana Project in Argentina and the Avalonia Project in Ireland. A 171 metre drill hole (MA15-09PW) was completed near the centre of the salar. Core samples recovered give a more detailed stratigraphic section than was possible through previous reverse circulation drilling. Core logging of the two aquifers in the upper levels of the salar confirms that the upper aquifer consists of granular and massive halite, interbedded with silt and fine tuffs from surface to a depth of 30 metres and that the second aquifer, consists of medium to coarse grained gravels in a sandy matrix from 53 to 119 metres depth. MA15-09PW ended in approximately 52 metres of massive halite approximately 50 metres deeper than previous drilling. A borehole geophysical survey is interpreted to confirm this stratigraphy based on the resistivity profile. Drill hole MA15-09PW is nearing completion in preparation for pump tests. These tests will provide hydrological characteristics of the two brine aquifers under pumping conditions and their response after pumping. These are important characteristics that are used to determine the potential rate at which brine could be drawn from the upper aquifers. This will be the first pump test conducted at the project. The results to date confirm that Salar de Llullaillaco is a halite dominant, mature salar that bears a significant stratigraphic resemblance to prominent salars in the region including Atacama, Rincon and Uyuni. The Mariana project is a partnership of Ganfeng Lithium Co. Ltd., (GFL) and ILC with 100% ownership of Salar de Llullaillaco in Salta province.

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.


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