RENO, Nev.--(BUSINESS WIRE)--Lithium Corporation (OTCBB: LTUM) (the "Company", or “Lithco”) is pleased to announce that it has recently concluded drilling on its San Emidio property in Washoe County, Nevada.
Lithium Corporation tested an area of the property where earlier probing discovered elevated lithium levels in subsurface brines. During the recent program eight sites were probed and a total of 261 meters (856 feet) was drilled at 8 discrete sites. The deepest hole probed was 48.76 meters (160 feet), and the shallowest hole that produced brine was 90 feet. The average depth of the seven hole program was 27.43 meters (107 feet). The program successfully delineated a brine anomaly discovered by drilling in early 2012, with the anomaly being one kilometer wide by 4.5 kilometers long. All samples have been delivered to Inspectorate’s lab in Reno Nevada for brine analyses. The Company believes that the playa at San Emidio may be conducive to the formation of a “Silver Peak” style lithium brine deposit.
In addition to drilling the San Emidio prospect, Lithium Corporation continues to generate and evaluate other prospects, and plans to focus more on its Fish Lake Valley prospect once ground conditions there improve.
For further information please contact Samantha White at Lithium Corporation at (888) 299-3989 or via email at firstname.lastname@example.org.
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for new lithium resources within the Great Basin. 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. John E. Hiner, Lithium Corporation’s Vice President of Geology who is Licensed Geologist in the State of Washington, and Registered Member of SME, a qualified person as defined by National Instrument 43-101 has reviewed and approved the information provided in this news release.
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.