Nov 17 2010
Lithium Corporation (OTCBB: LTUM) has announced that it has recently initiated its program of shallow drilling and assaying for lithium brines at its Fish Lake Valley Prospect in Esmeralda County, Nevada.
Chemetall Foote's Silver Peak Lithium Brine producing operation, located in Clayton Valley, Nevada, is only 22 miles (35 km) to the Southeast of Fish Lake Valley, and is an almost identical geological setting.
Preliminary sampling at the Fish Lake Valley prospect by Lithium Corporation indicates that surficial Lithium enrichment can be found in sediments that is equivalent to lithium values at Silver Peak. The total area at Fish Lake Valley currently held by Lithium Corporation is approximately 7,360 acres.
Source: Lithium Corporation