July 27, 2016 - 3:30 AM EDT
Print Email Article Font Down Font Up Charts

Unity Identifies Lithium Through Short-Hole Drilling at Miller's Crossing Lithium Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 27, 2016) - Unity Energy Corp. (TSX VENTURE:UTY)(FRANKFURT:UJN2) ("Unity" or the "Company") is pleased to announce that it has received chemical analysis from its first pass drilling and sampling program on its 100% owned Miller's Crossing Lithium Project in Esmeralda County, Nevada. The drilling was intended to follow up on positive surface sampling, which was carried out in April 2016 and confirmed presence of lithium in alluvial gravels and clays. A total of 7 holes were completed, generating 22 intersections of interest. All holes encountered brown clays as well as silty brown sands and grey fine to coarse-grained sand. In addition, two water samples were collected where the water table was encountered within the drill-hole as well as two anomalous salt samples at surface. 

The highest lithium values returned was 100ppm from a surface salt evaporate sample, while other anomalous values were as follows:

Sample Number Sample Description Source Li (ppm)
MLH16-SLT-03 Salt Surface Evaporate 100
MLH16-33-01 Sand and clay Core 64
MLH16-36-01 Sand and clay Core 57
MLH16-SLT-01 Salt Surface Evaporate 48
MLH16-25-03 Sand and clay Core 44

The deepest test hole reached a depth of approximately 8m and anomalous lithium values were detected throughout the near-surface sediment column. The Company intends to follow up this reconnaissance drilling with a surface IP survey and, if warranted, to conduct deeper exploratory drilling to test brine water for lithium enrichment.

Regarding the completion of the drill program, CEO Ian Graham commented, "These are encouraging results which certainly justify further exploration in this emerging lithium camp. We are currently filing permit applications for the ground survey, which is expected to commence in the fall."

Samples were shipped to Western Environmental Testing Laboratory in Sparks, Nevada, which is an USEPA accredited independent laboratory. The samples were analyzed for lithium, potassium and boron, using Test Methods for Evaluation of Solid Waste, Physical/Chemical Methods (SW846), Third Edition. The laboratory used its own quality control and quality assurance protocols for sample analysis. 

The technical contents of this news release have been prepared under the supervision of Dr. Peter Born, P. Geo. Dr. Born is a Qualified Person, as that term is defined in National Instrument 43-101, and has approved this news release.

For more information, visit www.unityenergycorp.com.

On Behalf of the Company,

Anita Algie, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Unity Energy Corp.

Source: Marketwired (Canada) (July 27, 2016 - 3:30 AM EDT)

News by QuoteMedia

Legal Notice