Lithium Corporation Finishes Drilling at Cortez
Lithium Corporation (OTCBB: LTUM) (the 'Company', or 'Lithco?) is
pleased to announce that it has recently concluded drilling on its
Cortez/Grass Valley Lithium property.
During the course of the program the Company drilled 3,355 feet in 29
different holes. Due to the nature of direct push drilling, usually only
a single sample can be taken from each boring so several borings may be
made at a single site. The deepest hole drilled was 225 feet subsurface
and sampling depths ranged from 50 to 195 feet subsurface during the
program. The average sample depth was approximately 98 feet subsurface.
Drilling at Cortez outlined an elongate brine anomaly that measures
0.6875 miles wide by 1.5 miles long. Brines have now been recovered in
this area from depths ranging from the immediate subsurface to 195 feet
deep. All sampling was conducted by Ken Tullar PEng, or Kevin Finucane
Registered Geologist, with samples having been submitted to Inspectorate
Corporation′s lab in Reno Nevada.
Lithium Corporation President Tom Lewis said, 'We are very encouraged
with the preliminary results of the Cortez drilling program, the overall
size of the anomaly, and the vertical continuity of the brines. This
discovery indicates that we are on the right track with our methodology
and philosophy, and we eagerly await results from the lab.?
The Company is currently conducting Gravity geophysical surveys on all
its prospects and anticipates startup for drilling the Salt Wells
property the second week of August. Drilling at Fish Lake Valley is
still slated for sometime during September. The Company is currently
exploring or evaluating various other prospects.
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.
Lithium Corporation
Tom Lewis, 888-299-3989
info@lithiumcorporation.com