Overview:
Salares Lithium is focused on its “Salares 7″ lithium project in Chile. Chile produces more lithium than any other country in the world and brines account for the majority of the world’s lithium supply.
The ‘Salares 7′ project consists of 7 salares, of which five are clustered within 155 km’s. These 5 salares are 100% owned with a local partner resulting in no severed ownership. Historic sampling (non NI 43-101 compliant) has returned anomalous lithium and potassium in all seven salares with grades up to 1,080 ppm lithium and 10,800 ppm potassium. Salares Lithium has one of the most extensive pure salare concession packages in the lithium exploration sector.
What we like about Salares Lithium:
- 100% control, with Chilean partner, of five salares
- These salares are clustered within 155 km’s
- Anomalous lithium & potassium in all 7 salares (historic)
Project Overview
The Salares 7 lithium project is unique due to 5 of the salares (or salt lakes) being clustered within 155 km’s and along with its Chilean partner, are 100% owned. This cluster of salares along with the additional developmental concessions staked will allow Salares Lithium to move the project development forward unhindered by competitors.
click for full size
1998 Historic sampling for Salares 7 Project (Non NI 43-101 compliant see technical report)
| Salar | Hectares | Samples | Li (ppm) up to |
K (ppm) up to |
|---|---|---|---|---|
| Salar Grande | 4,000 | 4 | 123 | 2,770 |
| Piedra Parada | 1,500 | 14 | 103 | 2,040 |
| La Isla | 16,500 | 19 | 1,080 | 10,800 |
| Agua Amarga | 3,100 | 6 | 157 | 2,490 |
| Las Parinas | 5,400 | 7 | 477 | 7,820 |
| Aguilar | 8,800 | 3 | 337 | 3,990 |
| Maricunga | 104 | 18 | 916 | 11,400 |
| Total | 39,404 |
Production Grade reference:
- Salar Hombre Muerto-FMC (680-1210ppm)
- Clayton Valley-Chemetall (200-400ppm)
Management
- Dr. David Shaw BSc, PhD – Chairman of the Board and Director - Dr. Shaw has nearly three decades’ experience in the mining and finance industries with specific emphasis in South America, concentrating predominantly in Argentina, Chile and Colombia. He has held the position of Senior Mining Analyst, Corporate Finance, at Yorkton Securities Inc., based in Vancouver and Santiago, Chile. He is a director of numerous public companies. He attained a Bachelor of Science – Geology from the University of Sheffield, England and a PhD in Structural Geology from Carleton University, Canada.
- Todd Hilditch BSc – Director, President and Chief Executive Officer - Mr. Hilditch has over 15 years experience in the natural resource sector. He has held the position of President and CEO and Director of numerous TSX Venture listed companies. He gained additional experience with public markets as an investor relations and management consultant and attained an in depth understanding of the expectations of the financial community. He manages all aspects of the day to day business of Salares. Mr. Hilditch graduated from Rensselaer Polytechnic Institute in Troy, New York with a Bachelor of Science degree in Management, majoring in Finance.
- William Lamb MBA – Director - Mr. Lamb has over two decades of experience in the mining and mineral processing industry and is the President and Chief Operating Officer of Lucara Diamond Corp., a TSXV listed company and member of the Lundin Group of Companies, focused on diamond exploration and development in Africa. Mr. Lamb has an MBA through the Edinburgh Business School and obtained a National Higher Diploma in extraction metallurgy from the Technicon of the Witwatersrand in South Africa. He has worked for Rand Mines Ltd., De Beers and Kvaerner Metals Inc. and has considerable production experience.
- Pablo Mir JD – Director - Mr. Mir holds a Juris Doctor (Professional Doctorate Degree in Law) from the Universidad de Chile and was admitted to the Chilean Bar in 1987. Mr. Mir is a Partner with the Santiago based law firm of Bofill Mir & Alvarez Hinzpeter Jana where he leads the Natural Resource Practice. Mr. Mir, who is considered a mining and natural resources legal specialist and was chosen by Latin Lawyer Magazine’s Who’s Who of Business Lawyers and Global Chambers and Partners as one of the best mining lawyers in Latin America. Mr. Mir has represented mining companies in the development of exploration and exploitation projects in Chile and Argentina. He is a member of the Rocky Mountain Mineral Law Foundation; International Mining Professionals Society (IMPS); Latin American Mining Attorneys Association (AMLA); International Bar Association (Section on Energy, Environment, Natural Resources and Infrastructure Law); Prospectors and Developers Association of Canada (PDAC); National Mining Association (SONAMI), Legal Affairs Commission; and the Chilean Bar Association.
- Dr. Luis Ignacio Silva P, CEng, PhD – Chile Manager - Dr. Silva has concentrated his geological efforts in Chile and other South American countries and has worked or consulted with some of the largest mining companies in the world such as Freeport McMorRan, Amax (Chile), Barrick, Homestake Mining, Cyprus Minerals, Phelps Dodge, Pegasus, Cominco, the Chilean Nuclear Energy Commission and Codelco. Dr. Silva graduated from the Universidad de Chile, completed his PhD in Geology at the University of London, University College and became a Chartered Engineer (CEng) through the Engineering Council, UK. Dr. Silva resides in Santiago, Chile and is fluent in English and Spanish. Dr. Silva is a professional member of the Institution of Mining and Metallurgy, London UK, and a member of the Institute of Material, Mineral and Mining; Geological Society of Chile; College of Geologists of Chile; the Society of Economic Geologists, USA, Canadian Institute of Mineral, Metallurgy and Petroleum. Dr. Silva was instrumental in review of the Chilean Project and his experience as a PhD geologist will be immensely beneficial for managing all aspects of Salares lithium exploration in Chile.
