Lithium Corporation Announces Positive Brine Sampling Results
Lithium Corporation (OTCBB: LTUM) (the 'Company', or 'Lithco?) is
pleased to announce it has received results from the first phase of
sampling of its spring program at Fish Lake Valley, Nevada.
Near surface brine sampling on its Fish Lake Valley prospect has
discovered lithium-enriched brines with results of up to 140mg/L. In
addition to these strongly anomalous lithium values, boron is also
enriched with values up to 2500 mg/L., and Potassium is also elevated,
with results up to 7200 mg/L. The highest values appear to be confined
to an area approximately one-half mile square that is within a larger
zone of moderate to highly anomalous lithium and boron, which is 1 ½
miles long by 1 mile wide.
Lithium Corporation′s president Tom Lewis recently remarked, 'I am
tremendously pleased by these results, and I am eagerly looking forward
to drilling in this area when access conditions improve later this year.?
Lithium Corporation is currently conducting another round of geochemical
surveys on its playa properties in Nevada, and has tentatively scheduled
drill mobilization for June 01st to test its Cortez Lithium
property in Lander County Nevada. In addition to drilling Fish Lake
Valley and Cortez, Lithco also intends to drill its Salt Well′s property
this year.
For further information please contact Lithium Corporation at (888)
299-3989 or via email at info@lithiumcorporation.com
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to
the exploration for new lithium resources within the state of Nevada.
The Company explores and develops potentially economic lithium-enriched
brine fields, with an eye to becoming a long-term producer of this
increasingly strategic and economically important commodity.
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, including but not
limited to, any mineralization, exploration and development of our
mineral properties, specifically in regards to any future drilling
programs.
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.
For further information:
Lithium Corporation
Tom Lewis,
888-299-3989
info@lithiumcorporation.com