RENO, Nev.--(BUSINESS WIRE)--Lithium Corporation (OTCBB: LTUM) (the "Company", or “Lithco”) is pleased to announce it has recently fulfilled its commitments under the June 01, 2009 Lease Purchase agreement with Nevada Alaska Mining Company Inc with respect to its Fish Lake Valley prospect, where the Company has recently discovered lithium boron mineralization in brine.
Field work is currently ongoing at Fish Lake and at Lithium Corporation’s Salt Wells prospect, where lithium enriched brines have also been encountered with values reaching 36.5 mg/L.
Lithium Corporation intends to drill Fish Lake Valley, Salt Wells, and its Cortez property this year.
We are actively exploring and developing our existing domestic projects, and continuously evaluating new opportunities in the United States and in lithium belts elsewhere in the world.
For further information please contact Lithium Corporation at (888) 299-3989 or via email at info@lithiumcorporation.com We encourage all new shareholders, or other interested parties to send us their email addresses and contact information for future updates.
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.