Las Vegas, NV – May 15, 2015 – Lithium Corporation [OTCQB – LTUM] “the Company” is pleased to announce that it has commenced a geophysical program at its BC Sugar flake graphite prospect in British Columbia. The Company is utilizing both Ground Penetrating Radar (GPR), and GEM-2 Electromagnetic (EM) techniques in the search for larger bodies of weathered, and easily extractable gneissic rock that may host economically significant concentrations of flake graphite. Lithium Corporation has engaged KLM Geoscience, LLC of Las Vegas to conduct the surveys on the Company’s behalf.
“The GPR and EM surveys will provide data that we will interpret and use to advance our predictive model of the property sub-surface and will provide valuable data with respect to the nature of the graphite mineralization on the property. The way we have structured the data collection contract and the methods being used allow us continue our practice of adding value to our projects in an efficient manner.” stated company President Brian Goss. “We are also confident moving forward with KLM Geoscience as a part of our exploration team.”
For further information with regard to Lithium Corporation, please contact Tom Lewis at (775) 410-2206 or via email atinfo@lithiumcorporation.com
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, that the BC Sugar prospect may host economically significant concentrations of flake graphite, or the timing of or results from The GPR and EM surveys.
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.