RENO, Nev. - (Business Wire) Mr. Tom Lewis the President of Lithium Corporation (OTCBB: LTUM) (the "Company", or Lithco) is pleased to release the results of initial sampling from its Fish Lake Valley Lithium project in Nevada. The Company has established an exploration plan for the project, as well as its Fish Creek Caldera property. The Company holds these two exploration stage properties in Nevada, and is actively exploring and developing them. Additionally Lithco is continuing to generate, evaluate, and acquire other lithium properties in Nevada and elsewhere. The details on the two properties and the work done to date are: Fish Lake Valley Property
Reconnaissance sampling at Fish Lake Valley has uncovered lithium values ranging from 249 to 1020 ppm lithium (Li), with an average of 610 ppm Li in clayey sediments in the playa. For the sake of comparison USGS sampling in 1976 on the Salt Pan at Clayton Valley where Chemetall Foote’s producing Silver Peak Lithium brine field is located, determined that the maximum value obtained in similar sediments was 640 ppm, the minimum was 59 ppm, and the average was 259 ppm Li.
The Company’s results at Fish Lake Valley are extremely encouraging as the average value of Lithium in sediments is greater than double that found at Clayton Valley where lithium has been produced since the 1960’s.
The Company has recently concluded a grid geochemical sampling program on the property. All samples from this expanded program have been submitted to ALS Chemex Labs in Reno Nevada for analysis. Lithco will utilize a comprehensive multi-discipline approach for the selection of targets for the drilling program slated for 2010.
Fish Lake Valley is a lithium-enriched Playa that is located in west central Nevada in northern Esmeralda County. The Company’s holdings encompass an area of approximately 6400 acres.
Fish Creek Caldera
The Fish Creek Caldera prospect is located in west-central Lander County approximately 34 miles south of the County seat at the Town of Battle Mountain in northern Nevada. The property is comprised of 117 conventional 20 acre Lode Mining Claims, which cover an area of approximately 2340 acres. Lithco has initiated preliminary exploration work on the property in an effort to outline areas of lithium enrichment to define drill targets, for more precise evaluation of the economic potential of the property in 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.
Lithium Corporation
Samantha White, 888-299-3989
info@lithiumcorporation.com
