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Wednesday, August 10, 2011 11:09:19 AM
RENO, NV -- August 10, 2011 -Lithium Corporation (OTCBB: LTUM) (the "Company", or "Lithco") is pleased to announce that it has recently concluded its Phase I high-definition gravity geophysical survey at its Salt Wells Lithium property.
The Company conducted a high-density gravity program over an area of approximately four square miles, which covers the lithium brine anomaly defined by sampling done on the property earlier this year. This survey may help delineate subsurface structures that could influence the development of a lithium brine-enriched reservoir.
As previously announced, Lithium Corporation intends to test the area of a large Lithium Brine anomaly at Salt Wells by means of moderate depth drill holes (up to 200' subsurface) in an attempt to define where economic lithium concentrations could be located on the property. It was anticipated that the drill program would have commenced by early August, but conditions on the playa are still too wet. The company is monitoring the situation, and plans to move onto the property as soon as surficial conditions allow. Meanwhile the Company is mobilizing its gravity crew to its Fish Lake Valley property where a similar survey is expected be done over the general area where strong lithium/boron/potassium mineralized brine was discovered this spring.
For further information please contact Samantha White at Lithium Corporation at (888) 299-3989 or via email at info@lithiumcorporation.com
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