Welcome!

Big Data Journal Authors: Roger Strukhoff, Elizabeth White, Jnan Dash, Jason Bloomberg, Kevin Benedict

News Feed Item

International Lithium Corp. 2012 Year End Update

VANCOUVER, British Columbia, Jan. 16, 2013 /PRNewswire/ -- International Lithium Corp. ("ILC" or the "Company") (ILC: TSX-V) is pleased to provide an update of the Company's operational activities in 2012, and plans for 2013.

Key Highlights

  • Received increased financial support from Jiangxi Ganfeng Lithium Co. Ltd. ("Ganfeng Lithium")
  • Plans to drill and bulk sample at Mariana, Argentina which hosts Lithium-Boron and some of the highest Potash Grades in an Argentine salar
  • Successful year-end drill program at Mavis Lake Ont.
  • Drill Program planned for Blackstairs, Ireland - funded by partner Ganfeng Lithium
  • Strengthened Management and Expertise

In the last fiscal period ILC continued to increase their strategic relationship and corporate objectives with Ganfeng Lithium, a strategic partner from China, via a $2,000,000 investment in the Company. The financial commitment reflects continued support of ILC's management, philosophy and technical programs moving into 2013.

Mariana Project, Salta, Argentina

A combination of sediment and brine sampling drilling is planned to occur early in 2013 on the Company's wholly owned lithium-potassium brine project in Argentina (news release dated 6 December 2012). The drilling will provide a better understanding of the resource potential of the entire salar. GEOS Mining, an Australian geological consultancy with experience in brine resource estimation, has been retained to assist in planning the project and carry out the necessary studies to support a resource estimation if warranted at this stage.

The Company will also collect bulk samples of the brine to be used for more advanced process and recovery testing by Ganfeng Lithium. The implementation of a program to install test evaporation ponds and a pilot plant is also being considered in addition to hydrogeological, climatic and geophysical studies.

The Mariana project consists of several contiguous mining claims that cover an expansive 160 square kilometres over the entire Salar de Llullaillaco in Salta, Argentina. The Company, and strategic partner Ganfeng Lithium, have 100% control over the development of the mineral rich brines at Mariana. The current planned program is intended to gain a broad working knowledge of the mineral recoveries, process metallurgy and final mineral products that can be produced from the Mariana brine, which in conjunction with a resource estimation will enable the Company to make business decisions to advance the project.

Mavis Lake Project, Ontario

ILC is completing a drill program on the Lithium and Rare Metals project at Mavis Lake near Dryden, Ontario. Naicatchewenin Development Corporation, a 100% aboriginal owned corporation, was contracted to provide diamond drilling services for a minimum 2,000 metre program.

Two drills were used on the project during the year-end campaign. Drilling focused on extending significant pegmatite bodies discovered in the 2011 drilling campaign which returned 1.86% Li2O over 26.25m and 1.22% Li2O over 28.45m (drill hole MF11-12, news release dated 12 January 2012). These two intersections appear to indicate a previously unknown pegmatite body that is wider than previously drilled pegmatites and may be oriented in a different direction.  In addition, drilling continued to extend and infill between previously drilled pegmatites and to test historical lithogeochemical anomalies.

Results of the drilling program will be released as soon as the data are compiled and assay results become available.

Blackstairs Project, Ireland

The Company's 100% owned Blackstairs project in Ireland was optioned to Ganfeng Lithium late in 2012. Ganfeng has the option to fund up to ten million dollars worth of exploration on the project over the next ten years to earn an approximate 75% interest in the project (news release dated 2 October 2012). Ganfeng has a second option on the property whereby, following an initial due diligence period with expenditures on the order of $350,000, Ganfeng can elect to purchase a 100% interest in the project for two million dollars.

The Company, in conjunction with Ganfeng Lithium, has initiated the first phase of the due diligence reconnaissance which is scheduled to be completed in the first quarter 2013 (see news release 4 December 2012).

Management

The Company further expanded their management team by naming Mr. Anthony Kovacs as Chief Operations Officer. Mr. Kovacs has over 18 years international experience in mineral exploration and development. Before joining International Lithium Corp. he worked in senior leadership roles with Pacific North West Capital Corp. and Adriana Resources Inc. Mr. Kovacs' experience working with industrial minerals, ferrous metals, non-ferrous metals and precious metals throughout Canada, Europe, Mexico and Africa, will be a welcome addition to the core management team at ILC.

Outlook for 2013

"I am very optimistic about the year ahead. ILC is at the forefront of the clean energy vanguard, with Lithium continuing to be a key element of the energy storage solutions being developed to meet growing global demand. Recent high-profile mergers and acquisitions related to lithium resource companies confirms the growing demand for this commodity; thus creating an opportune moment for ILC to showcase its assets and capitalize on increased investor interest. We have a well-established management team, solid portfolio of lithium and potash assets, and access to capital to develop them. One factor that differentiates ILC among the junior explorers and developers is our strong strategic partner, Ganfeng Lithium. Ganfeng backs ILC financially and gives us access to their latest technologies and methodologies to extract and process our lithium resources. I hope that you find our latest developments encouraging. On behalf of our team I wish you a healthy and prosperous New Year," Kirill Klip, President of International Lithium. 

In other news the Company has granted 3,075,000 incentive stock options to directors, officers, employees and consultants of the Company. The options are exercisable at $0.10 per share for a period of five years, subject to regulatory approval. The options are subject to a four-month hold period.

About Jiangxi Ganfeng Lithium Co. Ltd.

Ganfeng Lithium, based in Xinyu, Jiangxi Province, China, is a professional producer of lithium products which has developed a comprehensive product chain, including lithium metal and alloys, inorganic and organic lithium chemicals, supplies a wide range of lithium products for primary and secondary lithium battery market, pharmaceutical and new material industries. Ganfeng Lithium's principal market is in China with international exports to Europe, Japan, the USA and India. Ganfeng Lithium was founded in 2000 and listed on the Shenzhen Stock Exchange in August 2010, notably as the first publicly listed lithium company in China and has experienced rapid continuous growth over the last 11 years.

Ganfeng Lithium is a major shareholder and strategic partner to International Lithium Corp., currently holding approximately 17.5% of the issued and outstanding shares of ILC.

About International Lithium Corp.

International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Jiangxi Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.

The Company's primary focus is the Mariana lithium-potash brine project in Argentina within the renowned South American 'Lithium Belt' that is host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporite basin that ranks as one of the more prospective salars, or 'salt lakes' in the region.

Complementing the Company's lithium brine projects are rare metals pegmatite properties in Canada and Ireland that have revealed through recent highly positive results a clear potential that the Company will advance with the support of its strategic partner, Ganfeng Lithium. These projects can add distinct value as the Company strives to source rare metals to help meet the increasing demand through the growth in global technologies that utilize the rare metals suite of elements.

With the increasing demand of high tech applications in battery and vehicle propulsion technologies, lithium and other rare metals are no doubt the metals of tomorrow's green tech economy. By positioning itself with solid development partners and projects with significant resource potential, ILC aims to be the green tech resource developer of choice for investors and build value for its shareholders.

International Lithium Corp.'s mission is to find, explore and develop projects that have the potential to become world-class lithium, potash and rare metal deposits.

On behalf of the Board of Directors,

Kirill Klip 
President, International Lithium Corp.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. News release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

*Original release date was January 8th, 2013.

620 - 650 West Georgia Street
Vancouver, British Columbia
V6B 4N9, Canada 
Voice: (604) 687-7551
Fax: (604) 687-4670 
1-800-667-4470
E-mail: [email protected] 
Website: http://www.internationallithium.com

SOURCE International Lithium Corp.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Cloud Expo Breaking News
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Cloud Computing is evolving into a Big Three of Amazon Web Services, Google Cloud, and Microsoft Azure. Cloud 360: Multi-Cloud Bootcamp, being held Nov 4–5, 2014, in conjunction with 15th Cloud Expo in Santa Clara, CA, delivers a real-world demonstration of how to deploy and configure a scalable and available web application on all three platforms. The Cloud 360 Bootcamp, led by Janakiram MSV, an analyst with Gigaom Research, is the first bootcamp that introduces the core concepts of Infrastructure as a Service (IaaS) based on the workings of the Big Three platforms – Amazon EC2, Google Compute Engine, and Azure VMs. Bootcamp attendees will get to see the big picture and also receive the knowledge needed to make the best cloud decisions for their business applications and entire enterprise IT organization.
The Internet of Things is a natural complement to the cloud and related technologies such as Big Data, analytics, and mobility. In his session at Internet of @ThingsExpo, Joe Weinman will lay out four generic strategies – digital disciplines – to exploit emerging digital technologies for strategic advantage. Joe Weinman has held executive leadership positions at Bell Labs, AT&T, Hewlett-Packard, and Telx, in areas such as corporate strategy, business development, product management, operations, and R&D.
SYS-CON Events announced today that DevOps.com has been named “Media Sponsor” of SYS-CON's “DevOps Summit at Cloud Expo,” which will take place on June 10–12, 2014, at the Javits Center in New York City, New York. DevOps.com is where the world meets DevOps. It is the largest collection of original content relating to DevOps on the web today Featuring up-to-the-minute news, feature stories, blogs, bylined articles and more, DevOps.com is where the thought leaders of the DevOps movement make their ideas known.
There are 182 billion emails sent every day, generating a lot of data about how recipients and ISPs respond. Many marketers take a more-is-better approach to stats, preferring to have the ability to slice and dice their email lists based numerous arbitrary stats. However, fundamentally what really matters is whether or not sending an email to a particular recipient will generate value. Data Scientists can design high-level insights such as engagement prediction models and content clusters that allow marketers to cut through the noise and design their campaigns around strong, predictive signals, rather than arbitrary statistics. SendGrid sends up to half a billion emails a day for customers such as Pinterest and GitHub. All this email adds up to more text than produced in the entire twitterverse. We track events like clicks, opens and deliveries to help improve deliverability for our customers – adding up to over 50 billion useful events every month. While SendGrid data covers only abo...
SYS-CON Events announced today that the Web Host Industry Review has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Since 2000, The Web Host Industry Review has made a name for itself as the foremost authority of the Web hosting industry providing reliable, insightful and comprehensive news, reviews and resources to the hosting community. TheWHIR Blogs provides a community of expert industry perspectives. The Web Host Industry Review Magazine also offers a business-minded, issue-driven perspective of interest to executives and decision-makers. WHIR TV offers on demand web hosting video interviews and web hosting video features of the key persons and events of the web hosting industry. WHIR Events brings together like-minded hosting industry professionals and decision-makers in local communities. TheWHIR is an iNET Interactive property.
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An active participant in the technology community, the company has a long history of advocacy, meme-making, and evangelism.
SYS-CON Events announced today that Verizon has been named “Gold Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward. With industry-specific solutions and a full range of global wholesale offerings provided over the company's secure mobility, cloud, strategic networking and advanced communications platforms, Verizon Enterprise Solutions helps open new opportunities around the world for innovation, investment and business transformation. Visit verizonenterprise.com to learn more.
SYS-CON Events announced today that TMCnet has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Technology Marketing Corporation (TMC) is the world's leading business to business and integrated marketing media company, servicing niche markets within the communications and technology industries.
"In my session I spoke about enterprise cloud analytics and how we can leverage analytics as a service," explained Ajay Budhraja, CTO at the Department of Justice, in this SYS-CON.tv interview at the 14th International Cloud Expo®, held June 10-12, 2014, at the Javits Center in New York City. Cloud Expo® 2014 Silicon Valley, November 4–6, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading Cloud industry players in the world.
“We are starting to see people move beyond the commodity cloud and enterprises need to start focusing on additional value added services in order to really drive their adoption," explained Jason Mondanaro, Director of Product Management at MetraTech, in this SYS-CON.tv interview at the 14th International Cloud Expo®, held June 10-12, 2014, at the Javits Center in New York City. Cloud Expo® 2014 Silicon Valley, November 4–6, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading Cloud industry players in the world.
"We are automated capacity control software, which basically looks at all the supply and demand and running a virtual cloud environment and does a deep analysis of that and says where should things go," explained Andrew Hillier, Co-founder & CTO of CiRBA, in this SYS-CON.tv interview at the 14th International Cloud Expo®, held June 10-12, 2014, at the Javits Center in New York City. Cloud Expo® 2014 Silicon Valley, November 4–6, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading Cloud industry players in the world.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity. In his session at Internet of @ThingsExpo, Mac Devine, Distinguished Engineer at IBM, will discuss bringing these three elements together via Systems of Discover.
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at 15th Internet of @ThingsExpo, Chad Jones, Vice President, Product Strategy of LogMeIn's Xively IoT Platform, will show you how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
All too many discussions about DevOps conclude that the solution is an all-purpose player: developer and operations guru, complete with pager for round-the-clock duty. For most organizations that is not the way forward. In his session at DevOps Summit, Bernard Golden, Vice President of Strategy at ActiveState, will discuss how to achieve the agility and speed of end-to-end automation without requiring an organization stocked with Supermen and Superwomen.