Lithium Corporation (LTUM)

[hazardpay]

Summer-2016 Development Plans for Fish Lake

"We anticipate American Lithium Corp. will follow through with a development program in the range of US$1 million – $1.5 million for its Fish Lake Valley Lithium Project; building out ~3 – 4 miles of roads further into the playa (cost ~$15K/mile), and following additional ground gravity surveys, the team will probably set up a sonic drilling program, which is the most cost effective way (relatively inexpensive) to get the samples geologists need from the sediments. The team should be able to keep to under 5 acres of disturbed land, thus avoiding major permitting issues. The team will also conduct brine recovery, and evaporating testing. In short, the team will hone in on structures and sweet spots. A fault system has already been mapped leading directly through the claim blocks.

Brine is by far the easiest and lowest cost type of lithium resource to process (compared to rock and clays), generally easier to explore, has a small environmental footprint, is faster to put into production, and requires less capital."

http://www.keyc.com/story/31944952/american-lithium-corp-executing-large-scale-strategy-with-goal-of-becoming-largest-resource-holder-in-nevada