$WCTXF In the interview, Mr. Fernback describes Li
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When asked why LiCo is operating in Chile, Mr. Fernback replied that “Chile is the world’s largest exporter of lithium carbonate. The area that we are in (the Salar de Atacama) currently produces 37% of the world’s lithium.” Furthermore, “LiCo is 1 of 4 lithium companies that is active in the Salar de Atacama.” Mr. Fernback continues the interview by making the following project highlights:
Diamond Drill Program: Based in Ontario, the Company has completed 32 drill holes as a part of this program looking for cobalt: 11 of which are on the Company’s Teledyne property and 21 on the Company’s Glencore Bucke Property. Totaling over 4000 meters of drilling, the assay results Mr. Fernback says, confirm historical numbers seen from the area. He further reported his excitement over the solid copper results the Company has also reported from the drilling program. This area of Ontario holds high grade, narrow vein cobalt mineralization, and it has historically produced cobalt. 2018 will most likely include another drilling program by LiCo in this area.
Nevada Black Rock Desert Lithium Project & Nevada Dixie Valley Lithium Project: The Company plans to continue to build up the resource underground and there is potential to partner with another company or two in the future.
Chile Purickuta Lithium Project: This is perceived to be a manageable property that does require more exploration as well as a special license from the Chilean government. The Company hopes to continue to explore in order to put this site into production within a couple years.
The company is currently well funded, and Mr. Fernback foresees that with the positive results from its recent cobalt exploration program, the company will look to raise some additional funds to continue its drilling into 2018 and 2019.
To listen to the “Stock Day” interview in its entirety please follow the link:
https://upticknewswire.com/featured-interview...qb-wctxf-2
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