Welcome!

Big Data Journal Authors: Carmen Gonzalez, Liz McMillan, John Grady, Adrian Bridgwater, Pat Romanski

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.

@BigDataExpo Stories
SimpleECM is the only platform to offer a powerful combination of enterprise content management (ECM) services, capture solutions, and third-party business services providing simplified integrations and workflow development for solution providers. SimpleECM is opening the market to businesses of all sizes by reinventing the delivery of ECM services. Our APIs make the development of ECM services simple with the use of familiar technologies for a frictionless integration directly into web applicat...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, da...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. Over the summer Gartner released its much anticipated annual Hype Cycle report and the big news is that Internet of Things has now replaced Big Data as the most hyped technology. Indeed, we're hearing more and more about this fascinating new technological paradigm. ...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation...
The Internet of Things needs an entirely new security model, or does it? Can we save some old and tested controls for the latest emerging and different technology environments? In his session at Internet of @ThingsExpo, Davi Ottenheimer, EMC Senior Director of Trust, will review hands-on lessons with IoT devices and reveal privacy options and a new risk balance you might not expect.
The information technology sphere undergoes what we like to call a paradigm shift, sea change or plain old ‘upheaval’ roughly every five years or so. Don’t ask anybody why this half decade cyclicality exists; it just has to be so. Accept that reinvention happens constantly and that major seismic shifts are tangibly felt by us human beings roughly every 1826.21 days… and we can move on.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, B...
Cloudwick, the leading big data DevOps service and solution provider to the Fortune 1000, announced Big Loop, its multi-vendor operations platform. Cloudwick Big Loop creates greater collaboration between Fortune 1000 IT staff, developers and their database management systems as well as big data vendors. This allows customers to comprehensively manage and oversee their entire infrastructure, which leads to more successful production cluster operations, and scale-out. Cloudwick Big Loop supports ...
SYS-CON Events announced today that Objectivity, Inc., the leader in real-time, complex Big Data solutions, will exhibit at 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. Objectivity, Inc. is the Enterprise Database leader of real-time, complex Big Data solutions. Our leading edge technologies – InfiniteGraph®, The Distributed Graph Database™ and Objectivity/DB®, a distributed and scalable object ma...
In their session at DevOps Summit, Stan Klimoff, CTO of Qubell, and Mike Becker, Senior Data Engineer for RingCentral, will share the lessons learned from implementing CI/CD pipeline on AWS for a customer analytics project powered by Cloudera Hadoop, HP Vertica and Tableau. Stan Klimoff is CTO of Qubell, the enterprise DevOps platform. Stan has more than a decade of experience building distributed systems for companies such as eBay, Cisco and Seagate. Qubell is helping enterprises to become mor...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo, moderated by Ashar Baig, Research ...
Big Data means many things to many people. From November 4-6 at the Santa Clara Convention Center, thousands of people will gather at Big Data Expo to discuss what it means to them, how they are implementing it, and how Big Data plays an integral role in the maturing cloud computing world and emerging Internet of Things. Attend Big Data Expo and make your contribution. Register for Big Data Expo "FREE" with Discount Code "BigDataOCTOBER" by October 31
The evolution of the database is under constant upheaval, discussion, debate and (if you will excuse the expression) 'analysis.' This basic truth is now more relevant, pertinent and pressing than ever due to the prevalence of Big Data (and the need to impose analytics of insight upon it) driven by social, mobile, cloud and of course the Internet of (Every) Things. Today then, as a staple of our IT infrastructure, databases have been around for over 50 years now with first references of the ter...
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, has been named “Bronze 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. Cloudian is a Foster City, Calif.-based software company specializing in cloud storage. Cloudian HyperStore® is an S3-compatible cloud object storage platform that enables service providers and enterprises to bui...
What process has your provider undertaken to ensure that the cloud tenant will receive predictable performance and service? What was involved in the planning? Who owns and operates the data center? What technology is being used? How is it being supported? In his session at 14th Cloud Expo, Dave Weisbrot, Cloud Business Manager for QTS, will provide the attendees a look into what it takes to stand up and stand behind a highly available certified cloud IaaS.
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
Data efficiency – the combination of technologies including data deduplication, compression, zero elimination and thin provisioning – transformed the backup storage appliance market in well under a decade. Why has it taken so long for the same changes to occur in the primary storage appliance market? The answer can be found by looking back at the early evolution of the backup appliance market, and understanding why EMC’s Data Domain continues to hold a commanding lead in that market today. The ...
Target. Home Depot. Community Health Systems. Nieman Marcus. Their names have been all in the news over the past year, though probably not in a way they would like. All have had very public data breaches affecting anywhere from 350,000 (Nieman Marcus) to 4.5 million (Community Health Systems) customers. Add the recent high-profile celebrity nude photo hacking scandal and cloud security has become the trending topic in all the news and social media. Some of the discussions reminded me of a line f...