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News ReleaseVancouver, BC -- June 04, 2010 -- (TSXV: LIT). Salares Lithium Inc. (the "Company") is pleased to provide an update on the Salares 7 project in Region III, Chile (the "Project").
The Company is pleased to report that it has signed a 3,000 metre diamond drill contract with Terraservices of Santiago, Chile. The program is designed to test selected parts of the interpreted brine bearing horizon (reservoir rock) at the Salar de la Isla, a brine lake 26km long and on average 6km wide. The depth of the known interpreted brine bearing horizon is less than 300 metres. Aquaconsult of Santiago, Chile, a hydrological consulting firm, will assist the Company and Terraservices with the drill program protocol and sampling.
Drilling will begin once the base camp near to the Salar de la Isla is completed. P.K. Mendies of Santiago, Chile, has been contracted to construct and be responsible for the 25-30 person winter camp. Completion of the camp was delayed as a result of unusually heavy snowfall in the last two weeks which did not allow for the delivery of materials and winterized containers.
As a result of a break in the snowfall and as of yesterday, our local Chilean partners have recovered their equipment in the area and have now begun clearing the road of snow and finalizing access to the camp. Once access has been restored, the camp will be completed and the drill program initiated.
"While we are all frustrated by the weather delay, management is determined to advance the exploration program as fast as is safely possible. Both the General Manager (Chile) and the V.P. Exploration will be onsite early next week to oversee the camp construction and get the drilling phase initiated immediately thereafter", commented Todd Hilditch, CEO.
Salares Lithium Inc.
Salares Lithium Inc. is a lithium explorer in Chile that controls the 'Salares 7' lithium project made up of seven salares (brine lakes that are prospective for sub-surface lithium and potassium) and the surrounding concessions in Region III, Chile. Five of the seven salares are clustered within 155 kilometres and are 100% owned by the Company and its Chilean partner.
FOR FURTHER INFORMATION PLEASE CONTACT:
President and CEO
Tel: (604) 443-3831
For contact information please visit www.salareslithium.com
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Disclosure: own Salares Lithium. Acquiring more.