Lithium Corporation Commences Work On Yeehaw Titanium Ree Prospect

Rhea-AI Summary

Lithium Corporation (OTCQB:LTUM) has begun fieldwork on its Yeehaw prospect in British Columbia, focused on energy metals. This follows previous discoveries of Titanium and Rare Earth Elements in 2017, with current efforts aimed at expanding the mineralized structure's strike length. The Horseshoe Bend showing exhibits approximately 0.90% titanium and is rich in both light and heavy rare earth elements. The company is also pursuing further geological and geochemical work, pending permit approvals.

Positive

• Commencement of fieldwork on the Yeehaw prospect indicates active exploration efforts.
• Discovery of titanium with approximately 0.90% concentration at the Horseshoe Bend showing.
• Potential expansion of the known mineralized structure could lead to increased resource estimates.

Negative

• Dependence on pending permit applications for future exploration activities may delay progress.
• Inherent uncertainties in mineral exploration could affect the success of current activities.

ELKO, NV / ACCESSWIRE / July 7, 2021 / Lithium Corporation (OTCQB:LTUM) ("LTUM" or "the Company"), a North American corporation focused on energy metals for the growing energy storage sector and high-tech industries, wishes to announce the Company has recently commenced fieldwork on its Yeehaw prospect in southern British Columbia.

Lithium Corporation field personnel discovered Titanium with Rare Earth Element (Ti/REE) mineralized lamprophyre dykes in this area in 2017, conducting prospecting, geological, geochemical with some geophysical investigations to date. Since this time, for the most part efforts focused mainly in the immediate area of the known mineralization, which was successful in the uncovering of two distinctly different lamprophyre dykes, and two separate correlatable exposures roughly 30 meters wide at the main "Horseshoe Bend" showing. The Horseshoe Bend showing is mineralized with approximately 0.90% titanium and strongly anomalous in both light (LREE's) and heavy (HREE's).

Field conditions are currently optimum, and the Company is intent on increasing the known strike length of the main mineralized structure this field season. To that end Lithium Corporation has commenced prospecting, and geological work, which will be followed by geochemical work, and possibly trenching at higher elevations if the pending permit application is approved prior to the onset of winter.

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 has maintained a strategic alliance with Altura Mining for the past eight years, and has recently entered signed a Letter of Intent with Altura with respect to an earn-in on the Company's Fish Lake Valley lithium-in-brine prospect in Esmeralda County, Nevada. Website: www.lithiumcorporation.com.

Contact Info

Tom Lewis, CEO
Lithium Corporation
775-410-5287
info@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.

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

View source version on accesswire.com:
https://www.accesswire.com/654422/Lithium-Corporation-Commences-Work-On-Yeehaw-Titanium-Ree-Prospect

FAQ

What is Lithium Corporation's recent press release about?

Lithium Corporation has announced the commencement of fieldwork on its Yeehaw prospect in British Columbia, focusing on titanium and rare earth elements.

What are the main findings at the Horseshoe Bend showing?

The Horseshoe Bend showing contains approximately 0.90% titanium and is rich in both light and heavy rare earth elements.

What plans does Lithium Corporation have for the Yeehaw prospect?

The company plans to increase the known strike length of the mineralized structure through geological and geochemical work, pending permit approvals.

What challenges might Lithium Corporation face in their exploration efforts?

The company faces challenges such as dependence on permit approvals and inherent uncertainties associated with mineral exploration.