Lithium Corp. - Update
Elko, Nevada (FSCwire) - Lithium Corp. [OTCQB – LTUM] “the Company” is pleased to announce that it has received the results from the preliminary geophysical surveys at the BC Sugar flake graphite prospect in south central British Columbia. Due to the survey being conducted so soon after the snow melt the Ground Penetrating Survey did not prove particularly useful, as the saturated sediments near surface attenuated or absorbed the bulk of the radar waves – both transmitted and received, so that the data was sub par on four of the five lines. However the GEM-2 electromagnetic survey did pick up the mineralized zone, exhibiting a robust, wide anomaly in the area of the Weather Station showing, where the Company has made application to the BC Ministry of Energy and Mines to trench this year. Additionally the EM survey appears to have determined that the zone does extend to the west of the above showing in areas where it has not been previously mapped due to coverage by glacio-fluvial till. Lithium Corp. is currently evaluating the benefits of possibly expanding on the data acquired from this program.With respect to our Fish Lake Valley, and San Emidio lithium brine properties in Nevada the Company wishes to inform our shareholders that we were not able to negotiate an agreement with Kingsmere Mining Ltd. “It is unfortunate that we weren’t able to make a deal here, however we still remain committed to moving these properties forward, and possibly seeking other parties that may be interested in entering into a joint venture arrangement with Lithium Corp.,” said Company president Brian Goss.
For further information with regard to Lithium Corp., please contact Tom Lewis at (775) 410-2206 or via email at info@lithiumcorporation.com
About Lithium Corporation
Lithium Corp. is an exploration company based in Nevada devoted to the exploration for new battery related resources throughout North America, and especially looking to capitalize on opportunities within the ever expanding Lithium-Ion and next generation battery markets. The Company maintains a strategic alliance with Altura Mining, an ASX listed coal producer that is currently spinning off of its’ coal assets into a Singapore listed start-up. Altura then will focus on its 100% owned world-class Pilgangoora lithium pegmatite property in Western Australia.
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of minerals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Source: Lithium Corp. (OTCQB:LTUM) www.lithiumcorporation.com
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