VANCOUVER, British Columbia, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (OTC: CSKYF) ("Clear Sky" or the "Company"), a mineral exploration and development company focused on American lithium deposits to support domestic demand, is pleased to announce it has initiated a field work program for its 100%-owned ELi claystone lithium project in central Nevada.
The Company has engaged Tigren Inc. ("Tigren") of Reno, Nevada to provide geological services. Tigren is a comprehensive discovery-focused services company that specializes in advancing under-explored properties through their technical field services. Tigren is controlled by Marco Montecinos, a director of the Company.
Company CEO and Director, Patrick Morris, notes, "Lithium concentrations of 300ppm and above are considered prospective in nature. We are excited to build upon our initial grab sample results, which included a sample with over 1000ppm of lithium, and have our workplan get underway in Nevada. Tigren is scheduled to start the sampling program in early October to support the ongoing mapping program. We've got a solid foundation in terms of concept, team, jurisdiction, property and plans for processing technology solutions to support the growing wave of demand for lithium products. We intend for this to be a busy season ahead as we continue to unearth the value and opportunity of this exciting sector."
The detailed work program will include an auger sampling program and detailed geological mapping of the project. The objective of the work program is to gain better resolution and further delineate the size, continuity, and shape of near-surface lithium mineralization at the ELi property as well as gain an additional understanding of exploration vectors and geological controls on the lithium mineralization. The auger program is planned to optimize sample integrity and representation across the property.
Located in Nevada's Little Smokey Valley, the ELi property was first sampled in 2019. In June, we shared the current sampling conducted to date. Initial field work by Clear Sky consists of a surface sample dataset covering the property at a 200m x 450m grid and upgrading infill sampling over a historic sampling area. This dataset includes 134 grab samples with results ranging from 45 to 801ppm lithium with an average grade of 292ppm. As previously released, during a site visit during Q2 2022, additional surficial samples (n=4) were collected and ranged in grade from 278ppm to 1,023ppm Li with an average grade of 695ppm Li1.
The lithium-bearing rocks within the project area are referred to as tuffaceous and other young tertiary sedimentary rocks in digital geologic models generated by the Nevada Bureau of Mines. This unit is believed to have a strong volcanic component. In northern Nye County, the unit is referred to as the Horse Camp Formation which correlates with the Esmeralda Formation in Mineral and Esmeralda Counties. It has also been correlated with older lake beds in southern Nye, Lincoln, Clark, and Humboldt counties. It corresponds to units Ts3 and Tts from the 1978 State map and is present in all counties of Nevada.
Within the state there are multiple lithium projects in a variety of early-to advanced stages. Nevada currently hosts the only operating lithium mine in the USA. The USGS first publication on sedimentary-hosted lithium (claystone lithium) wasn't until 1991, making it one of the newer deposit types in exploration. On its Eli property, Clear Sky is actively investigating the presence and quality of lithium-bearing sedimentary deposits and their suitability as candidate feedstock for innovative next-generation extraction and processing technologies.
Clear Sky Lithium advises the public that as part of its disclosure obligations as a public issuer, all material and regulatory filings can be found on www.sedar.com. We also invite the public to visit our website at www.clearskylithium.com and to sign up to our "news alerts" to be advised of future news releases and related company information. Please also ensure you watch our video which is now available on the website.
On Behalf of The Board of Directors,
Sincerely,
~Patrick Morris~
Patrick Morris
Chief Executive Officer
Clear Sky Lithium Corp.
www.clearskylithium.com
Notes
Anna Hicken, P.Geo., of Geomax Consulting, and consultant to the Company is the Qualified Person as defined in NI 43-101, who has reviewed and approved the scientific and technical content of the press release.
- All sampling completed by Clear Sky within the exploration program are subject to a company standard of internal quality control and quality assurance programs which include the insertion of certified reference materials, blank materials and pulp duplicate analysis. All samples are sent to American Assay Labs located in Reno, Nevada where they are processed for lithium analysis by ICP-5AM48. American Assay Labs quality systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for NI 43-101. Data verification of the analytical results included a statistical analysis of the standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.
Surface claystone samples are selective in nature and may not represent the true grade or style of the mineralization across the entire property.
About Clear Sky Lithium Corp. (CSE: POWR) FRA: K4A / WKN: A3DM2W) (OTC: CSKYF)
Clear Sky Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand. The Company holds interests on the Eli property in Nevada. The Company is also focusing on the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. Find out more visit www.clearskylithium.com and watch our video.
Forward Looking Information Disclaimer
This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as "may", "would", "could", "will", "likely", "except", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook", or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements regarding the work program to be undertaken by Tigren on the ELi Property.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company's ability to secure additional financing on reasonable terms; the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company's final long form prospectus dated May 31, 2022, under the heading "Risks Factors." Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION
Clear Sky Lithium Corp.
Investor Relations
Email: info@clearskylithium.com
Telephone: +1 (778) 383-7240
