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Lithium Chile announces update on its Apollo gold-silver project

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Global Mining Review,

Lithium Chile Inc. has recently announced it is planning a work programme to explore to the potential of its Apollo gold-silver property.

Historic continuous chip samples taken from the property by previous owners returned assays ranging from 3.9 g/t up to 97.48 g/t of gold and 5.8 g/t to 143.2 g/t of silver.

The 2730 ha. Apollo prospect lies within the El Indio Gold Belt in Chile, midway between the 17 million oz Pascua-Lama gold silver deposit to the north and the former El Indio gold-silver mine to the south which, between 1981 and 2001, produced over 6.7 million oz of gold and 51 million oz of silver. Both properties are owned by Barrick Gold as well as Barrick’s latest discovery, the Alturas zone 30 km south of the old El India mine.

Steve Cochrane, President and CEO of Lithium Chile, commented: “We are excited to be working on our Apollo gold-silver prospect. The prolific El Indo Gold Belt hosts five major gold-silver deposits, and our Apollo prospect lies in the middle of the belt. Given the current interest in gold and silver, we feel this is a great exploration opportunity. We are also confident in these times of market uncertainty that the strength of our prospects and our team will generate value for our shareholders.”

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Gold mining news Silver mining news