Vancouver, B.C. April 13, 2015: International Lithium Corp. (the “Company” or “ILC”) (TSX VENTURE:ILC.V) is pleased to report 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.
Mr. Kirill Klip, President, International Lithium Corp. comments, “We are excited to begin another round of drilling at Avalonia in Ireland. Ganfeng Lithium – the leading lithium materials producer from China is financing the development of our JV projects in Ireland and Argentina. There is strong growth in the lithium industry right now. We are taking the necessary steps to meet the increased demand and source the raw materials required for our partner’s lithium products and create a supply chain to ultimately achieve the goal of building a vertically integrated lithium business.”
John Harrop, P. Geo, FGS, is the Company’s Qualified Person on the project as defined under NI 43-101 and has reviewed the technical information contained in this press release.
Image: Drill and crew at the Avalonia Lithium Pegmatite project in Ireland
About International Lithium Corp.
International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor GFL International, a fully owned subsidiary of Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.
The Company’s primary focus is the Mariana lithium-potash brine project, within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars or ‘salt lakes’ in the region.
Complementing the Company’s lithium brine project are rare metals pegmatite properties in Canada and Ireland. These projects reported highly encouraging lithium mineralization in drill holes targeting pegmatites that are unexposed at surface (news releases dated April 3,2013 and June 25, 2013).
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow’s “green-tech” economy. By positioning itself with solid development partners and acquiring high quality grass roots projects at an early stage of exploration, ILC aims to be the green tech resource explorer of choice for investors and build value for its shareholders.
On behalf of the Board of Directors,
Kirill Klip
President, International Lithium Corp.
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. 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. 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.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.