FOR IMMEDIATE RELEASE OTCQB: LTUM
Elko, NV – September 13, 2016 – Lithium Corporation [OTCQB – LTUM] “the Company” is pleased to announce that it has acquired via staking a block of claims on the Salt Wells lithium-in-brine prospect in Churchill County Nevada totaling approximately 3,440 acres. The property is 100% owned and controlled by the company with no underlying royalty.
The Company has previously conducted exploration on the property which culminated in a multiple phase – shallow direct push drilling program in 2011. Results from that program were enigmatic, and with the then proposed increase of Federal claim fees, it was decided to put the property in abeyance and concentrate elsewhere. Recent reinterpretation of the results from all previous fieldwork indicates that efforts should be refocused on a target area that was not tested during the earlier work. Field work on this playa outlined a broad geochemically anomalous area where results as high as 750 ppm lithium, and 3920 ppm boron in sediments have been seen. To date the most anomalous lithium-in-brine result from this area has been 36.5 mg/L. The company is currently reviewing all past data, and determining the best course of action for this property.
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 email@example.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.