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Stock impact report

Lithium Corporation Reports High Priority Brine Targets Identified at Fish Lake Valley [Yahoo! Finance]

LITHIUM CORP (LTUM) 
Company Research Source: Yahoo! Finance
focused on energy metals for the growing energy storage sector and high-tech industries, is pleased to share positive results and interpretations from the 2023 high resolution 2D seismic reflection survey conducted by optionee Morella Corp. (ASX:1MC) at the Company's Fish Lake Valley (FLV) prospect. Morella characterized the results, which showed strong reflective signals from geological layers down to 3 kilometres of depth, as "outstanding". The analysis and interpretation of the 2023 FLV drilling program data produced multiple findings that advance Morella's understanding of lithium occurrences at the site. The newly identified half-graben basin sediments, as well as structures identified and interpreted by Morella, generated high priority brine targets for drill testing, with a key drillhole already proposed to depth of 1,150 metres to test the highest priority target zone in the hanging wall of the newly identified major rift border fault. For detailed results with illustrations Show less Read more
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