Lithium Corp.: Results From Trenching at BC Sugar
09.02.2016 | FSCwire
Elko, Nevada (FSCwire) - Lithium Corporation [OTCQB – LTUM] “the Company” is pleased to announce that it has recently received all analytical results from it’s Fall 2015 trenching program at the Weather Station showing on the Company’s BC Sugar Flake Graphite prospect in British Columbia.Previous sampling in the area of the Weather Station showing indicated that coarse flake graphite mineralization exists here over a considerable stratigraphic width, but the sporadic nature of outcrop made it difficult to get a handle on exactly how well mineralized the zone truly was. The Fall 2015 trenching program determined that the zone of graphite mineralization is quite consistent, and extends further than anticipated.
The trenching was commenced in a friable biotite quartz graphitic gneiss, and extended for 85 meters along an old trail, terminating in similar material. To date only the loose material from the trench has been assayed, as it is most representative of the type of material which conceivably could be most easily excavated and processed in the future. In all 23 samples were taken over the 69 m’s of exposed mineralization that could be safely sampled. Trench depths varied from 1.2 meters in areas of semi consolidated rock to 4.8 meters in areas of mainly decomposed material. There was an approximately 12 meter section of the trench of sand, and fluvial till in a stream bed where the excavator could not reach the graphitic material that is inferred to exist at depths greater than 5 meters. Also there was a 4 meter section at depths from 4.8 to 5 meters where graphite mineralization could be seen at depth, but it could not be sampled due to safety reasons.
Sampling encountered 69 meters that averaged 1.997% graphitic carbon that remains open to the north, and to the south. Within that interval there was a 30 meter section that averaged 2.73% graphitic carbon, and within that interval there was a 12 meter section that averaged 2.99% graphitic carbon. The best mineralization, and most friable material is proximal to a creek bed, and it appears that proximity to this feature gave rise to the deep weathering profile encountered here.
Lithium Corp. is currently studying the results, and determining what steps to take to move this property along.
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 Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, looking to capitalize on opportunities within the ever expanding next generation battery markets. The Company maintains a strategic alliance with Altura Mining, an ASX listed natural resource development company that is currently searching for off-take contracts for 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.
Copyright © 2016 Filing Services Canada Inc.