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Lithium Corp. (OTCQB:LTUM) announced that the Bureau of Land Management has approved its application to amend its permit on the Nevada-based San Emidio lithium property.
Lithium Corp. (OTCQB:LTUM) announced that the Bureau of Land Management has approved its application to amend its permit on the Nevada-based San Emidio lithium property.
As quoted in the press release:
The Company intends to drill up to three deeper lithium brine tests in an area on the San Emidio playa where lithium enriched brines have been encountered at shallower depths. Drilling will occur in the area of a lithium-in-brine anomaly outlined by two drilling programs in 2012. This anomaly is approximately 3 miles (5 kilometers) long, and 0.6 miles (1 kilometer) wide at its widest point. The peak value seen within the anomaly is 23.7 mg/l lithium, which is 10 to 20 times background levels seen outside the anomaly. The Company believes that the playa at San Emidio may be conducive to the formation of a ‘Silver Peak’ style lithium brine deposit. Past drilling may indicate that the anomaly occurs at or near the intersection of several faults that may have created the structural setting necessary for the formation of a lithium-in-brine deposit at depth.
Click here to read the full Lithium Corp. (OTCQB:LTUM) press release.