Lithium Corporation Wraps up 2013 Exploration
December 19 2013 - 7:00AM
Business Wire
Lithium Corporation (OTCBB: LTUM) (the "Company", or “Lithco”)
is pleased to announce that it has received final assays from its
October prospecting and geological program at its BC Sugar property
in British Columbia. Lithium Corporation has recently increased the
size of the property to roughly 19,664 acres (7,957 hectares).
Prospecting and geological work has been ongoing at the property
since the Company started assembling a land position in June, and
several graphite prospects have been discovered in a belt of
metamorphic rocks which stretches at least 8 miles (13 kms) through
the claim block.
In the latest round of work, prospecting increased the area
known to be underlain by graphitic bearing gneisses, and further
evaluations were made in the area of the Sugar Lake, Weather
Station, and Taylor Creek showings. In the general vicinity of the
Weather Station showing a further 13 samples were taken, and hand
trenching was performed at one of several outcrops in the area. In
the trench a 5.2 meter interval returned an average of 3.14%
graphitic carbon, all in an oxidized relatively friable gneissic
host rock. Additionally a hydrothermal or vein type mineralized
graphitic quartz boulder was discovered in the area which graded up
to 4.19% graphitic carbon. The source of this boulder was not
discovered during the latest round of work. Samples representative
of the mineralization encountered here were taken for petrographic
study, and also for studies relating to the qualities of the
graphite flakes.
The BC Sugar property is within the Shushwap Metamorphic
Complex, in a geological environment favorable for the formation of
flake graphite deposits, and is in an area of excellent logistics,
with a considerable network of logging roads within the project
area. Additionally the town of Lumby is approximately 19 miles (30
kms) to the south of the property, while the City of Vernon is only
30 miles (50 kms) to the southwest of the western portions of the
claim block.
For further information please contact Andy Dewey at Lithium
Corporation at (775) 410-2206 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 ion battery related
resources in western North America. The Company is currently in the
exploration phase at two potentially economic lithium-enriched
brine fields, and two flake graphite prospects, with an eye to
becoming a long-term producer of these increasingly strategic and
economically important commodities.
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.
Lithium CorporationAndy Dewey, (775) 410-2206info@lithiumcorporation.com
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