Lithium Corporation Receives San Emidio Drill Permit Approval
Lithium Corporation (OTCQB: LTUM) (the 'Company', or 'Lithco?) is
pleased to announce that it has recently received approval from the
Bureau of Land Management for its permit application to drill on its San
Emidio Lithium property.
The Company recently reported that it had discovered Lithium enriched
brine mineralization in the immediate subsurface on its San Emidio
prospect of up to 66.4 mg/L. This lithium anomaly occurs along an as of
yet poorly defined trend which is presently about 1.6 miles long.
Ground conditions permitting, the Company intends to begin drilling this
prospect in late January, and has already selected a drill contractor to
perform the work. Lithium Corporation is looking forward to 2012, and
has plans to further explore its Salt Wells and Fish Lake Valley
prospects as well as continuing with its generative exploration program.
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
the exploration for new lithium resources within the state of Nevada.
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.
Lithium Corporation
Samantha White, 888-299-3989
info@lithiumcorporation.com
