RENO, Nev.--(BUSINESS WIRE)--Lithium Corporation (OTCBB: LTUM) (the "Company", or “Lithco”) is pleased to announce that it has commenced its spring field work program in Nevada. The Company’s contractors are concentrating on geochemical evaluations on the Fish Lake Valley, Salt Wells, and Cortez properties, as well as continuing to develop new prospects in the Great Basin.
Lithium Corporation has recently received approval from the BLM to drill on its Cortez property and following a compilation of the fieldwork done to date expects to submit another application soon to drill at Salt Wells.
The permit is in place for the drilling program planned for Fish Lake Valley. As previously announced the Company intends to drill all three of these properties this summer.
In addition to the work being performed in Nevada, the Company has been looking at lithium brine properties in South America. Although Lithium Corporation is committed to exploring for and developing lithium resources in the United States, the availability of lithium-enriched environments, and the interest of the major lithium producers and end users in South America indicates that it is prudent for the Company to evaluate opportunities in this region.
For further information please contact Lithium Corporation 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 the exploration for new lithium resources within the state of Nevada and elsewhere as opportunities emerge. 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.