Thursday, April 26, 2012

Extensive High-Grade Potash Discovery at International Lithium's Mariana Brine Project - CEO Buys shares ILC.v, TNR.v





Apr 24, 2012

Extensive High-Grade Potash Discovery at International Lithium's Mariana Brine Project

Vancouver B.C.: International Lithium Corp. ("ILC" or the "Company") is very pleased to announce the discovery, through drilling, of the extensive distribution of high grade potash at its 100% owned, Mariana brine project located at Salar de Llullaillaco in the province of Salta, northwestern Argentina. The results demonstrate significant, consistent grades of potassium, with strong lithium and boron upside potential, remaining open at depth, in all four holes drilled.

Key Highlights:
  • The highest grades of potash reported in an Argentine Salar;
  • High potash values continue from surface to bottom in all holes;
  • Potash, lithium and boron grades are open at depth.
  • "We are very encouraged with the results from the Phase 1 resource delineation drilling at Mariana that confirmed our belief in the potential of this multi-commodity potash-lithium-boron brine project. The observed extent of high grade potash brine encountered provides ILC the support and confidence to continue to advance our plans towards development. The objective for the next stage of exploration is to complete the remaining 10 to 12 holes needed for delineation drilling in conjunction with hydrogeological testing required to produce a reportable resource. Drilling will be designed to test structures that may control higher grade potash, lithium or boron zones" states Kirill Klip, President of the Company.



Lithium and Potash Brine production from Salars in South America



Latest 10 SEDI filings (by transaction date) for ILC within the last 6 months[?]
 Amended Filing

As of 11:59pm ET April 25th, 2012
Filing
Date
Transaction
Date
Insider NameOwnership
Type
SecuritiesNature of transaction# or value acquired or disposed ofUnit
Price
Apr 25/12Apr 25/12Schellenberg, Gary David AlbertIndirect OwnershipCommon Shares10 - Acquisition in the public market25,000$0.110
Apr 11/12Apr 10/12GFL International Co., Ltd.Direct OwnershipCommon Shares10 - Acquisition in the public market4,347,826$0.115
Mar 16/12Mar 15/12Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market2,500$0.100
Mar 16/12Mar 14/12Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market15,000$0.100
Mar 14/12Mar 9/12Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market6,000$0.100
Mar 13/12Mar 6/12Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market68,500$0.100
Mar 8/12Mar 6/12Klip, KirillDirect OwnershipCommon Shares10 - Acquisition in the public market12,000$0.100
Mar 13/12Mar 5/12Listov, AlexanderDirect OwnershipCommon Shares10 - Acquisition in the public market4,000$0.100
Mar 2/12Mar 1/12Klip, KirillDirect OwnershipCommon Shares10 - Acquisition in the public market38,000$0.100
Jan 11/12Jan 11/12Schellenberg, Gary David AlbertIndirect OwnershipCommon Shares10 - Acquisition in the public market30,000$0.100

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