Vancouver B.C. April 09, 2013: International Lithium Corp.
("ILC" or the "Company") (ILC: TSX-V) reports that drilling is
underway at the Blackstairs Lithium Project in Ireland. Further to
the Company's news release dated November 4, 2012 and in
association with strategic partner Ganfeng Lithium Co. Ltd.
("Ganfeng") headquartered in Jiangxi, China, the ongoing work at
Blackstairs has intersected spodumene-bearing pegmatites in drill
core at the Aclare House prospect.
Aurum Exploration Services, an Irish geological consultancy,
reviewed historical deep overburden sampling, conducted
lithogeochemical sampling, soil geochemical sampling and ran
electrical resistivity tests over known pegmatite occurrences that
are situated under variable thickness overburden. The results from
these studies are now being utilized for drill targeting in
conjunction with confirmation drilling of historical work. The
drilling is expected to occur at two prospects, Aclare House and
Moylisha, each with historical records of lithium and rare earth
element mineralization. The work is being carried out as part of
the "due diligence" stage of Ganfeng's increasing partnership in
this project in which it can earn up to a 100% interest (NR dated
Oct 2, 2012). Diamond drilling is expected to be complete by the
end of April 2013.
"Based on our experience at other lithium pegmatites we are
encouraged by the coarse grained, spodumene bearing intersections
we have encountered. This is a key step in re-establishing the
historical work in the area and we look forward to forthcoming
assay results," notes Mr. John Harrop, VP Exploration, who is
currently visiting the site to observe progress during the
preliminary drilling.
Kirill Klip, President of International Lithium Corp. states, "I
am pleased to report the initial kickoff to the Blackstairs
exploration Project in Ireland has met ILC's objectives as we
continue to take strides forward in identifying the potential of
the property and working closely with our joint venture partner
Ganfeng Lithium at advancing our operations."
Blackstairs Project
The Blackstairs project, comprised of eight mineral exploration
licences totalling 292 square kilometres, is located 80 km south of
Dublin straddling the Counties of Carlow and Wicklow in Leinster,
south-east Ireland. The Property encompasses an extensive NE-SW
oriented 50 kilometre long rare metals pegmatite belt situated
within the East Carlow Deformation Zone along the eastern side of
the Leinster Granite. Approximately 19 significant lithium
pegmatite occurrences have been discovered within the Property to
date, primarily as boulder trails with five buried pegmatites known
through past trenching and drilling.
Lithium bearing pegmatite occurrences were first reported in the
area in 1970. In the period through to 1977, Irish Base Metals
carried out a preliminary exploration program comprising
prospecting, sampling, trenching and geophysical surveys
culminating in 47 short boreholes totalling 2,300 metres at 4 of
the 19 lithium pegmatite occurrences over a number of seasons.
Due to the prevalent overburden cover and scarcity of outcrop,
prospecting for lithium pegmatite boulders was the most successful
exploration method utilised to identify priority target areas. The
relative location, size and quantity of pegmatite boulders within
the dry stone field boundaries provided a reliable indication for
the approximate position of buried pegmatites. The Aclare House
occurrence, situated in the center of the Property has witnessed
the most exploration activity on the Property and was initially
discovered through this exploration approach.
Thirty-three short drill holes totalling 1,703m were drilled at
Aclare House. A pegmatite body up to 20 metres wide and traced for
more than 400 metres along strike was delineated and a pre-NI43-101
historical resource of 570,000 tonnes grading 1.5% Li2O was
reported. (A Qualified Person has not done sufficient work to
classify the historical estimate as current mineral resources, the
issuer is not treating the historical estimate as current mineral
resources and the historical estimate should not be relied
upon.)
Five drill holes, for a total of 163 metres, were drilled at the
Stranakelly occurrence situated proximal to the northeast Property
boundary. Lithium-bearing pegmatite mineralization was intersected
in four of the holes with hole STK3 grading 1.85% Li2O over 5.3
metres.
Five drill holes, for a total of 212 metres, were drilled at the
Moylisha occurrence situated approximately 10 kms northeast of
Aclare House. The width of the pegmatite body encountered varied
between 5 and 10 metres with one hole grading 1.66% Li2O over 9.4
metres.
Four drill holes, for a total of 280 metres, were drilled at the
Seskinnamadra occurrence situated approximately 8 kms southwest of
Aclare House. The narrow pegmatite intersections reported from the
drilling does not explain the significant frequency and size of the
lithium pegmatite boulders mapped in the area that suggests a
potentially large yet to be discovered buried pegmatite body.
The observed lithium bearing pegmatites and extensive boulder
occurrences within the Property represent a highly prospective and
underexplored region. In addition, the recent discovery of a high
concentration of pegmatite boulders reporting grades exceeding 4%
Li2O at Moylisha only serve to highlight the exploration potential
of the Property.
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.
About Jiangxi Ganfeng Lithium Co. Ltd.
Ganfeng Lithium based in Xinyu, Jiangxi Province, China, is a
professional producer of lithium products which has developed a
comprehensive product chain, including lithium metal and alloys,
inorganic and organic lithium chemicals, supplies a wide range of
lithium products for primary and secondary lithium battery market,
pharmaceutical and new material industries. Ganfeng Lithium's
principal market is in China with international exports to Europe,
Japan, the USA and India. Ganfeng Lithium was founded in 2000 and
listed on the Shenzhen Stock Exchange in August 2010, notably as
the first publicly listed lithium company in China and has
experienced rapid continuous growth over the last 12 years.
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 Jiangxi Ganfeng Lithium Co. Ltd., a leading China based
lithium product manufacturer.
The Company's primary focus is the Mariana lithium-potash brine
project in Argentina within the renowned South American 'Lithium
Belt' that is host to the vast majority of global lithium
resources, reserves and production. The 160 square kilometre
Mariana project strategically encompasses an entire mineral rich
evaporite basin that ranks as one of the more prospective salarsor
'salt lakes' in the region.
Complementing the Company's lithium brine projects are rare
metals pegmatite properties in Canada and Ireland that have
revealed through recent highly positive results a clear potential
that the Company will advance with the support of its strategic
partner, Ganfeng Lithium. These projects can add distinct value as
the Company strives to source rare metals to help meet the
increasing demand through the growth in global technologies that
utilize the rare metals suite of elements.
With the increasing demand of high tech applications in battery
and vehicle propulsion technologies, lithium and other rare metals
are no doubt the metals of tomorrow's green tech economy. By
positioning itself with solid development partners and projects
with significant resource potential, ILC aims to be the green tech
resource developer of choice for investors and build value for its
shareholders.
International Lithium mission is to find, explore and develop
projects which have the potential to become world class lithium,
potash and rare metal deposits.
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. 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.
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