Gold Summit and Canada Lithium Corp. Report Resumption of Fieldwork in Nevadaadmin
Thursday, August 20th 2009
Gold Summit Corporation, operator on behalf of joint venture partner Canada Lithium Corp. has recommenced field work exploring for lithium brine deposits in southwest Nevada. The Company holds a 75% interest in the joint venture and Gold Summit Corporation holds a 25% interest.
On the Paymaster property in Esmeralda County, site selection and drill permit applications are underway to drill a test hole to approximately 400 metres. The objective of the drilling is to locate intrabasinal aquifers and sample and assay any brines encountered. Drilling bids are being solicited for a planned start in late September. Previous testing by the partnership has indicated elevated lithium values in the region.
Field work and data studies are underway in a number of other basins in southwest Nevada that were selected from field and office studies undertaken in 2008. This work is expected to lead to the selection of other drill targets.