International Lithium, Ganfeng Lithium Approve US$4 Million 2016 Budget for Mariana and Avalonia

International Lithium (TSXV:ILC.V), together with its strategic partner Ganfeng Lithium, has approved a preliminary budget of US$4 million for exploration and development work in 2016. Work will focus on the company’s Mariana and Avalonia joint venture projects.
As quoted in the press release:

As previously announced on December 8, 2015 the companies have allocated a budget of approximately 750,000 Euros (approximately US $810,000) to the 2016 Avalonia exploration season with the remainder, US $3,190,000 dedicated to the Mariana Lithium project in Argentina. The Company is making preparations to begin fieldwork on both projects in January 2016.
In Argentina, the funds will be used to begin investigation of the natural evaporation concentration process of the brine. This will begin with laboratory bench testing of the brine followed up by on-site field-testing. In addition baseline climate studies will continue and aquifer and basin hydrology characterization will be conducted in preparation for environmental assessments required prior to commencing larger scale testing.

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