Clear Sky Initiates Work on Halo Project
September 23, 2022
VANCOUVER, British Columbia, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Clear Sky Lithium Corp. POWR (FRA: K4A / WKN: A3DM2W) 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 that it has initiated work on the Halo Project property.
Clear Sky has begun a Phase 1 workplan for the Halo Project to be undertaken by Tigren Inc. of Reno Nevada and is mobilizing for commencement of work in October. Tigren Inc. is controlled by Marco Montecinos, a director of the Company. The goal of the program is to develop an understanding of the Big Smoky Valley basinal alluvial cover within the Halo project land package via full surface grab sampling (where applicable) as well as surficial mapping of the claim area. The resulting data will be utilized to refine geological and metallurgical assessments to support phase 2 drill targeting.
Patrick Morris, Clear Sky Lithium's CEO notes, "Being directly in between two projects that are continually producing such positive results gives support that Clear Sky is in the right place with the Halo Project. We are excited to get our team on site to advance the project through foundational fieldwork and metallurgy. For now, it simply feels great to see our neighbours enjoying positive results, and we look forward to joining with them as we collectively move ahead to unlock asset value throughout the area."
The Halo Project (see figure 1), is comprised of ninety-eight mineral claims, located in Esmeralda and Nye Counties, and is considered prospective for claystone-hosted lithium mineralization. Positive news regarding exploration and development on adjacent properties to the north and southwest of the Halo Project have recently fueled enthusiasm for regional lithium exploration activities in the area.
Figure 1 – Clear Sky Lithium Halo Project Map displaying assay values from adjacent properties (American Lithium's TLC project to the northeast and American Battery Technology Company's Tonopah Flats project to the southwest).
To the north of the Halo Project, on July 14th 2022, American Lithium Corp. (Market Cap: US$546M) announced results from their resource expansion and infill drilling program. This release included 5 holes that returned their best result to date of 2,900 ppm Li averaging 1,550 ppm Li over 50.3 meters. Please refer to American Lithium's website for full disclosure of exploration results.
To the southwest, on June 21st 2022, American Battery Technology Company (Market Cap: US$461M) announced highlights from a phase 1 drilling program of 16 holes which returned up to 1,700 ppm Li.
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 available on the website.
On Behalf of The Board of Directors,
Chief Executive Officer
Clear Sky Lithium Corp.
About Clear Sky Lithium Corp. POWR (FRA: K4A / WKN: A3DM2W) 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 Halo and Eli properties 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 with respect to commencing work on the Halo Project.
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.
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Clear Sky Lithium Corp.
Telephone: +1 (778) 383-7240
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ac467bd-70f2-41d8-8505-05816c2cdb23