May 19, 2016 - 8:30 AM EDT
Print Email Article Font Down Font Up Charts


Tule Valley Lithium Exploration Program

(via Thenewswire.ca)

Vancouver, B.C. / TheNewswire / May 19, 2016 - UMBRAL ENERGY CORP. (CSE: UMB) (OTCQB: UMBBF) (the "Company" or "Umbral") is pleased to announce that further to the news of April 26, 2016 The Company has begun its initial exploration plan of identifying anomalous zones and geological mapping, to determine the presence and composition of lithium. Activities may include, brine auger samples, surface sampling on the top of the playa along with the surrounding exposed bedrock. If the aquifer is accessible at shallow depths a fluid sample will be taken and analyzed.

Tule Valley Lithium Exploration Project is prospective for lithium. The property is 4,800 acres and is located approximately 190km south west of Salt Lake City, Utah. Access is by an all-weather road from Delta, Utah.

Mineral activity in the area includes;

Redhill Resources' Honey Comb Beryllium-Rubidium-Lithium-REE project, located 20km north of Tule Valley. Redhill indicates initial surface sampling assays of 1500-1700ppm lithium from a rhyolite dome (September 30, 2011 NI43-101 report).


Materion Corporations' Spor Mountain beryllium mine is situated 30km to the northeast of Tule Valley. Both the Honey Comb and Spor Mt projects indicate that the volcanic rocks surrounding Tule Valley are lithium-rich, and may have therefore acted as a source of lithium for local brines.


The Sevier Lake property of Crystal Peak Minerals, 60km to the southeast of Tule Valley, is a brine-sourced potash, lithium and magnesium project. Crystal Peak's November 18, 2013 NI43-101 report states that lithium values in post-production brine solution (after potassium-sulphate extraction) ranges from 50 to 200mg/l lithium (0.005% to 0.020% Li). Crystal Peak is an evaporite basin similar to Tule Valley.

-A combined analysis of geophysical, geochemical and geological data suggests the possibility of anomalous Li/Be/Rb/K values could be located in the brines of the Tule Valley playa

-The Tule Valley playa merits further exploration, including geophysics and drilling to evaluate potential for a mass brine deposit.

Jag Bal, President of Umbral commented, "With Crystal Peak Minerals recently announcing that they intend to focus on evaluating the development of lithium on their Sevier Playa project, Umbral is eager to immediately begin exploration on our Tule Valley project."

About Umbral Energy Corp.

The Company is currently listed as a junior resource issuer having mineral exploration projects. The Company is considering other activities to increase shareholder value, including non-resource projects.

The Company has a mineral exploration project in Quebec, Canada as well as an interest in oil and gas property in Alberta, Canada.

In addition, the Company is conducting diligence in regards to the commercial cultivation of marijuana under the newly established Health Canada regulations, through its subsidiary PhyeinMed. While it is the intention of Umbral and PhyeinMed to obtain a MMPR License, there can be no assurances that it will receive the necessary permits to operate.

Qualified Person:

The technical content of this news release has been reviewed and approved by Phil van Angeren, a registered Professional Geologist with APEGA, and a Qualified Person under the provisions of National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF UMBRAL ENERGY CORP.

"Jag Bal"

Jagdip BAL

President and CEO

Neither Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

UMBRAL ENERGY CORP.

929 Mainland Street, Vancouver, BC V6B 1S3

Tel: (604) 628-1767 | Fax: (604) 628-0129

[email protected] | www.umbralenergy.com

Copyright (c) 2016 TheNewswire - All rights reserved.


Source: TheNewsWire (May 19, 2016 - 8:30 AM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice