Canada Lithium Files National Instrument 43-101 Report
20.01.2012 | CNW
TORONTO, Jan. 19, 2012 /CNW/ - Canada Lithium Corp. (TSX: CLQ; OTCQX: CLQMF) announced today it has filed a Technical Report compliant with National Instrument 43-101 in respect of the updated Mineral Resource estimate reported by press release December 6, 2011. The report, prepared by AMC Mining Consultants, will be posted on SEDAR and will also be available on the Company's website.About Canada Lithium Corp.
The Company holds a 100% interest in the Québec Lithium Project near Val d'Or, the geographical heart of the Québec mining industry. The Company is in the midst of building an open-pit mine and processing plant on-site with capacity to produce approximately 20,000 tonnes of battery-grade lithium carbonate per annum. Metallurgical tests have produced battery-grade lithium carbonate samples. The Company trades under the symbol CLQ on the TSX and on the U.S. OTCQX under the symbol CLQMF.
Cautionary Statement Regarding Forward-Looking Information
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'.
Forward-looking information is based on reasonable assumptions that have been made by the Corporation as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Corporation to be materially different from those expressed or implied by such forward-looking information.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.The Corporation does not undertake to update any forward-looking information referenced herein, except in accordance with applicable securities laws.
CONTACT:
Canada Lithium Corp.
Peter Secker, President and CEO
(416) 361-2821
Olav Svela, Director, Investor Relations
(416) 361-2821 or (416) 479-4355 or
email osvela@canadalithium.com
Christine Stewart
Renmark Financial Communications Inc.
(416) 644-2020 or
email cstewart@renmarkfinancial.com
Please visit the Canada Lithium website at www.canadalithium.com. For the very latest news on the growing demand for lithium-ion batteries for electric and hybrid vehicles and electrical grid-storage solutions, click on 'Latest News on Electric Vehicles' on the Home Page.
The Company's corporate office is at
401 Bay Street, Suite 2010, P.O.
Box 118, Toronto, ON, M5H 2Y4