Lithium Corporation Receives San Emidio Analytical Results
RENO, Nev., March 14, 2012 -- Lithium Corporation (the "Company", or "Lithco")is pleased to announce that it has received results from its drilling program on the San Emidio playa prospect in Washoe County, Nevada.
The shallow drilling at San Emidio has indicated that lithium in brine mineralization does exist here at depths down to at least 87 feet in the general area where near surface brines were discovered in 2011 that contained up to 80 mg/L lithium. The last two holes of this years program along the axis of the North Westerly trending lithium anomaly outlined during the 2011 program returned, 21.4, and 23.7 mg/L lithium, with high calcium, and potassium values, and moderate boron and magnesium values. Lithium values and temperature were seen to be rising in these last two of the fence of drill holes that were drilled here, and possibly indicate that values may increase northward, and also perhaps at depth here.
Lithium Corporation intends to focus its efforts this year on its Fish Lake Valley Playa prospect, where the Company has received its best results to date. Lithium Corporation has not been able to drill this prospect the last two field seasons due to unusually wet conditions, and so wants ensure that it does everything possible to advance this prospect in 2012. Recent research for a 43-101 report on the property currently being written by James Chapman PGeo has uncovered a reference that indicates that the property produced two tons per day of Boron salts in the 1870's from the area where the Company has outlined a zone of strongly anomalous Lithium/Boron/Potassium in brine mineralization (Papke, K.G., Evaporites And Brines In Nevada Playas, 1976). The company finds it quite encouraging that production of this magnitude was achieved here, and interprets this to indicate that the basin should be able to support an operation of at least this size in the future.
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 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.