News Releases
Lithium Corporation Acquires Beowawe Lithium Project
RENO, NV -- March 9, 2010 – Lithium Corporation (OTCBB: LTUM) (the "Company", or Lithco) is pleased to announce that the Company has recently acquired an additional lithium brine prospect in North – Central Nevada. Lithco is continuing to generate, evaluate, and acquire other lithium properties in Nevada and elsewhere.
The Company acquired through staking a 1280 acre parcel which covers an embayment of the Humboldt River valley. Exploratory sediment sampling of the playa was conducted in July/August of 2009, and a number of samples came back quite well mineralized with samples in the south-central playa returning values consistent with the average (395 ppm Li) of similar samples taken by the USGS in 1976 in the area of the Silver Peak producing Brine field in Clayton Valley.
The strong lithium values obtained here, coupled with proximity to a geothermal field, strong structural elements – the Northern Nevada Rift, and good Lithium source rocks (Caetano Volcanics) indicate that this area may be quite prospective for brine hosted mineralization at depth. Logistics are excellent with a good all-weather road on the East side, an unimproved road on the west side, and a network of trails through various parts of the block. High tension lines run through the block, and aside from a couple of miles of good all weather gravel road, it is about forty miles via Hwy 306, and I-80 from the town of Battle Mountain Nevada.
Lithco plans further sampling programs, and more study during the summer of 2010.
For further information please contact Samantha White at (888) 299-3989 or via email at info@lithiumcorporation.com
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to discoveries of new, cleaner energy related resources. Currently we are in the process of acquiring, and exploring lithium properties in our home state, as well as investigating other lithium opportunities in various locales. For further information please visit the Company’s website
www.lithiumcorporation.com
Forward-Looking Statements
Included in this release are certain "forward-looking" statements involving risks and uncertainties which are intended to conform to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel and general economic conditions, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important risk factors that should be considered may be contained in the Company's Annual Report on Form 10-K and its Reports on Form 10-Q to be filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.