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LITHIUM CORP (OTC BB: LTUM.OB ) Closes up 343% announcing positive brine samples.
Lithium Corporation (OTCBB:LTUM.ob - News) is pleased to announce it has received results from the first phase of sampling of its spring program at Fish Lake Valley, Nevada.
Near surface brine sampling on its Fish Lake Valley prospect has discovered lithium-enriched brines with results of up to 140mg/L. In addition to these strongly anomalous lithium values, boron is also enriched with values up to 2500 mg/L., and Potassium is also elevated, with results up to 7200 mg/L. The highest values appear to be confined to an area approximately one-half mile square that is within a larger zone of moderate to highly anomalous lithium and boron, which is 1 ½ miles long by 1 mile wide.
Lithium Corporation’s president Tom Lewis recently remarked, “I am tremendously pleased by these results, and I am eagerly looking forward to drilling in this area when access conditions improve later this year.”
Lithium Corporation is currently conducting another round of geochemical surveys on its playa properties in Nevada, and has tentatively scheduled drill mobilization for June 01st to test its Cortez Lithium property in Lander County Nevada. In addition to drilling Fish Lake Valley and Cortez, Lithco also intends to drill its Salt Well’s property this year.
Lithium Corporation, a development stage company, engages in the identification, acquisition, and exploration of metals and minerals with a focus on lithium mineralization in Nevada. It holds interests in the Fish Lake Valley property, which comprises an area of approximately 6400 acres in Esmeralda County, Nevada. The company was formerly known as Utalk Communications, Inc. and changed its name to Lithium Corporation in September 2009. Lithium Corporation was founded in 2007 and is based in Reno, Nevada.
Lithium ( /'l?θi?m/, LI-thee-?m) is a soft, silver-white metal that belongs to the alkali metal group of chemical elements. It is represented by the symbol Li, and it has the atomic number 3. Under standard conditions it is the lightest metal and the least dense solid element. Like all alkali metals, lithium is highly reactive and flammable. For this reason, it is typically stored in mineral oil. When cut open, lithium exhibits a metallic luster, but contact with moist air corrodes the surface quickly to a dull silvery gray, then black, tarnish. Because of its high reactivity, lithium never occurs free in nature, and instead, only appears in compounds, which are usually ionic. Lithium occurs in a number of pegmatitic minerals, but is also commonly obtained from brines and clays. On a commercial scale, lithium is isolatedelectrolytically from a mixture of lithium chloride and potassium chloride.
The nuclei of lithium are not far from being unstable, since the two stable lithium isotopes found in nature have among the lowest binding energies per nucleon of all stable nuclides. As a result, they can be used in fission reactions as well as fusion reactions of nuclear devices. Due to its near instability, lithium is less common in the solar system than 25 of the first 32 chemical elements even though the nuclei are very light in atomic weight. For related reasons, lithium has important links to nuclear physics. The transmutation of lithium atoms totritium was the first man-made form of a nuclear fusion reaction, and lithium deuteride serves as a fusion fuel in staged thermonuclear weapons.
Trace amounts of lithium are present in the oceans and in all organisms. The element serves no apparent vital biological function, since animal and plants survive in good health without it. Nonvital functions have not been ruled out. The lithium ion Li+ administered as any of several lithium salts has proved to be useful as a mood-stabilizing drug due to neurological effects of the ion in the human body. Lithium and its compounds have several industrial applications, including heat-resistant glass and ceramics, high strength-to-weight alloys used inaircraft, lithium batteries and lithium-ion batteries. These uses consume more than half of lithium production.
Lithium Corporation (LTUM) in orbit, stocks soar on sampling discovery:
Lithium Corporation (OTCBB: LTUM) saw its stock skyrocket 347.8% to $1.03 Thursday, on the release of results from the first phase of sampling of its spring program at Fish Lake Valley, Nevada. Volume for the stock was nearly 12 million shares.
Near-surface brine sampling on its Fish Lake Valley prospect has discovered lithium-enriched brines with results of up to 140 milligrams per liter (mg/L). In addition to these strongly anomalous lithium values, boron is also enriched with values up to 2500 mg/L., and potassium is also elevated, with results up to 7200 mg/L.
The highest values appear to be confined to an area approximately one-half-mile square that is within a larger zone of moderate to highly anomalous lithium and boron, which is 1 ½ miles long by one mile wide.
Lithium Corporation’s president Tom Lewis remarked, “I am tremendously pleased by these results, and I am eagerly looking forward to drilling in this area when access conditions improve later this year.”
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.