Lithium Corporation Stakes Buena Vista Prospect While Sonic Drilling Commences at Fish Lake Valley

Mittwoch, 21.09.2016 15:40

Lithium Corporation Stakes Buena Vista Prospect While Sonic Drilling Commences at Fish Lake Valley


Elko, Nevada (FSCwire) - Lithium Corporation [OTCQB – LTUM] “the Company” is pleased to announce that it has staked a block of claims on the Buena Vista lithium-in-brine prospect in Pershing County Nevada totaling approximately 8,000 acres.  Also the Company has recently received word from American Lithium that they have commenced sonic drilling operations on the north playa at our Fish Lake Valley prospect

The Company has conducted exploration on the property at various times over the past several years, and has outlined a large geochemically anomalous area where lithium values in sediments are greater than 200 ppm.  Additionally although the company has only taken seven near-surface brine samples here in the past, one was anomalous at 10 mg/L, while another was strongly anomalous, returning 20 mg/L lithium.  

Company President Brian Goss commented, “Once again we have used our experienced technical team combined with our extensive exploration database to generate a lithium brine prospect that contains highly anomalous lithium and strong exploration potential. We are also very pleased to see the progress American Lithium is making at our Fish Lake Valley Project and look forward to the results generated there.”

 

For further information with regard to Lithium Corporation, or our properties please contact Tom Lewis or Brian Goss 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 developing 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.


To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/lithium09212016.pdf
Source: Lithium Corp. (OTCQB:LTUM)

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