Lithium Corporation BC Rare Earth Elements Properties Results
Elko, Nevada (FSCwire) - Lithium Corporation (OTCQB:LTUM) (“LTUM” or “the Company”), a North American company focused on energy metals for the growing energy storage sector and high tech industries, is pleased to announce that it has received the assays from its last round of work from the 2017 field season from the Yeehaw and Michael Tantalum/Niobium/Rare Earth Element (REE) properties in British Columbia.
As previously mentioned in a press release dated August 10, 2017 earlier prospecting and sampling had resulted in the discovery of an approximately 100 foot (30 meter) wide zone of REE and titanium enrichment on the Yeehaw property. The latest round of sampling determined that the average titanium value in the zone is 0.88%. Several Rare Earth Elements exhibit anomalous concentrations in this zone with cerium being the strongest. However, more importantly the Rare Earths used in the manufacturing of the magnets critical to the tech revolution, neodymium (average 114 ppm), and praseodymium (average 33 ppm) are clearly elevated here. A number of other esoteric elements that are used in the tech industries, such as lithium (average 35 ppm), and niobium (average 92 ppm) are also present in this zone in anomalous concentrations. The latest work on the Michael tantalum/niobium property was limited to the lower elevations and soil sampling determined there is an approximately one half mile (800 meter) long zone of anomalous tantalum and niobium, with slightly elevated REE mineralization here.
The Company is pleased with these results, and is presently considering its options with respect to further advancing these prospects.
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, and looking to capitalize on opportunities within the ever expanding next generation energy storage markets. The Company maintains a strategic alliance with Altura Mining, an ASX listed natural resource development company that is currently developing its 100% owned world-class Pilgangoora lithium pegmatite property in Western Australia.
Tom Lewis, CEO
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.
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.
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Source: Lithium Corp. (OTCQB:LTUM)
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