ELKO, NV / ACCESSWIRE / November 7, 2019 / Lithium Corporation (OTCQB:LTUM) ("LTUM" or "the Company"), a North American company focused on energy metals for the growing energy storage sector and high tech industries, is pleased to announce the Company is leading the kick-off of a surficial resource delineation program on our Hughes Tonopah Gold Silver property on behalf of our 25% owned subsidiary Summa, LLC.
The focus will be on the mill tailings, and mine "dumps" especially those proximal to the historic Belmont mine as they are the key assets in our portfolio of dumps and tailings in the Tonopah mining camp. During the 1980's work done by Tenneco and their predecessors culminated in an estimate of over 6 million ounces of Silver, and 45,000 ounces of gold being contained in tailings and dumps on what is now Summa's property. Additionally, Tenneco produced two positive feasibility studies during this time. Work completed here most recently consisted of a preliminary resurvey of the dumps, and an eleven hole auger program on the Belmont tailings to compare and/or validate the historic sampling and resource calculations from the ‘70's and early 80's. We are focusing on the dumps and tailings as they could possibly be the quickest route to cash-flow should feasibility be established.
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, and looking to capitalize on opportunities within the ever-expanding next generation energy storage markets. The Company maintains a strategic alliance with Altura Mining, an ASX listed Lithium mining company that is rapidly approaching the 245,000 ton per annum nameplate production at its 100% owned world-class Pilgangoora lithium pegmatite mine in Western Australia. Website: www.lithiumcorporation.com
Tom Lewis, CEO
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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.
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.
SOURCE: Lithium Corporation