Lithium Corporation Commences Trenching at BC Sugar
Elko, Nevada (FSCwire) - Lithium Corporation [OTCQB – LTUM] “the Company” is pleased to announce that it has recently begun its 2018 trenching program to the east of the Weather Station Showing at its BC Sugar flake graphite prospect in British Columbia.
Previous trenching in 2015 in the area of the Weather Station Showing exposed a 226 foot (69 meter) variably mineralized section of relatively coarse grained flake graphite mineralization, that remains open in all directions. This broader intercept included a 98 foot (30 meter section) grading 2.73% graphitic carbon, and this section in turn included a 39 foot (12 meter) intercept of 2.99% graphitic carbon, all in a variably weathered friable gneissic host rock. This year’s trenching program will focus on an area approximately 0.6 miles (1 kilometer) along strike and to the east from the Weather Station Showing, in an area where a number of unresolved EM geophysical anomalies were detected during the Spring 2015 geophysical program.
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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