Equitorial Exploration Corp. Provides Update on JV with Voltaic Minerals
Vancouver, March 3, 2017 - Equitorial Exploration Corp. (TSX Venture Exchange: EXX, Frankfurt: EE1) ("Equitorial") Further to Equitorial's news release of January 27, 2017, Voltaic Minerals Ltd. has given Equitorial notice of termination of the Joint Venture Agreement in respect of the Green Energy Lithium Project. Equitorial is discussing the validity of the termination notice, and its potential legal remedies, with its legal counsel. About Equitorial Exploration Corp
Mag One Products Inc. has granted Equitorial Exploration Corp. a first right to a 50/50 joint venture to finance equally the construction of the first magnesium and refining production facility for use by Mag One to produce magnesium metal and related products, by using its proprietary magnesium metal technology. The project is in Danville Quebec where Mag One has access to 50 Million tonnes of already-mined serpentinite tailings.
Equitorial has also acquired a 100-per-cent interest in seven minerals claims located in the Northwest Territories, Canada, known as the Li property which hosts the Little Nahanni pegmatite group (LNPG) lithium-cesium-tantalum (LCT) pegmatite dikes. In summer 2017, the company is anticipating a field program comprising diamond drilling, channel sampling, geological mapping and prospecting on the Li property.
On behalf of the Board of Directors
Equitorial Exploration Corp.
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
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