Lithium Corporation Announces Positive Brine Sampling Results
RENO, NV -- April 12, 2011 – Lithium Corporation (the "Company", or Lithco) LTUM - OTCBB, is pleased to announce it has received results from the first phase of sampling of its spring program at Fish Lake Valley, Nevada.
Near surface brine sampling on its Fish Lake Valley prospect has discovered lithium-enriched brines with results of up to 140mg/L.In addition to these strongly anomalous lithium values, boron is also enriched with values up to 2500 mg/L., and Potassium is also elevated, with results up to 7200 mg/L. The highest values appear to be confined to an area approximately one-half mile square that is within a larger zone of moderate to highly anomalous lithium and boron, which is 1 1/2 miles long by 1 mile wide.
Lithium Corporation's president Tom Lewis recently remarked, "I am tremendously pleased by these results, and I am eagerly looking forward to drilling in this area when access conditions improve later this year."
Lithium Corporation is currently conducting another round of geochemical surveys on its playa properties in Nevada, and has tentatively scheduled drill mobilization for June 01st to test its Cortez Lithium property in Lander County Nevada.In addition to drilling Fish Lake Valley and Cortez, Lithco also intends to drill its Salt Well's property this year.
For further information please contact Tom Lewis, 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 primarily within the state of Nevada. The Company explores and eventually hopes to develop potentially economic lithium-enriched brine fields, with an eye to becoming a long-term producer of this increasingly strategic and economically important commodity.
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.