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Lithium Corporation signs formal agreement on Tantalum-Niobium Prospects

2017-04-21 15:13:56  【Print】
BEIJING (Asian Metal) 21 Apr 17 - Lithium Corporation ("the Company") announced that it and Bormal Resources Inc.Asian Metal Copyright Two of the properties exhibit strong Tantalum-Niobium Ta-Nb mineralization in stream sediments, while the third property is an area of known Ta-Nb enriched carbonatite occurrences where a brief field program by Bormal in 2015 located one of these carbonatites.Asian Metal Copyright have executed the formal agreement with respect to the optioning of three Tantalum-Niobium properties in British Columbia.

As previously announced, Lithium Corporation has the option to earn a 100% interest in three separate claim blocks by furnishing 1,000,000 common shares to the Optionor upon the signing of the formal agreement, and issuing a further 750,000 common shares on the 1st anniversary of the signing of the agreement.Asian Metal Copyright As previously announced, Lithium Corporation has the option to earn a 100% interest in three separate claim blocks by furnishing 1,000,000 common shares to the Optionor upon the signing of the formal agreement, and issuing a further 750,000 common shares on the 1st anniversary of the signing of the agreement.Asian Metal Copyright The properties are subject to two separate 1% Net Smelter Royalties (NSR's) that may be purchased at any time for $500,000 each.

Two of the properties exhibit strong Tantalum-Niobium (Ta-Nb) mineralization in stream sediments, while the third property is an area of known Ta-Nb enriched carbonatite occurrences where a brief field program by Bormal in 2015 located one of these carbonatites.Asian Metal Copyright .Asian Metal Copyright Concurrent soil sampling determined that the soils here are enriched with Ta-Nb over the known occurrence, and indicated that there are other geochemical anomalies locally that may indicate more carbonatites exist here and are near surface.Asian Metal Copyright .Asian Metal Copyright The Company anticipates preliminary geochemical and prospecting work on the property to commence early this summer.

.Asian Metal Copyright As previously announced, Lithium Corporation has the option to earn a 100% interest in three separate claim blocks by furnishing 1,000,000 common shares to the Optionor upon the signing of the formal agreement, and issuing a further 750,000 common shares on the 1st anniversary of the signing of the agreement.Asian Metal Copyright

Tantalum Pentoxide

99.99%min FOB China

Unit:USD/kg
China's tantalum carbide producers' inventory to production ratio statistics by province by month
Unit: %
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