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Unity Energy Corp (3)
Symbol UTY
Shares Issued 13,063,746
Close 2016-05-31 C$ 0.27
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Unity Energy receives drill permit at Miller's Crossing

2016-06-01 06:28 ET - News Release

Ms. Anita Algie reports

UNITY ENERGY CORP. RECEIVES DRILLING PERMIT FOR MILLERS CROSSING LITHIUM PROJECT, NEVADA

Unity Energy Corp. has received exploration permits from the Bureau of Land Management, Nevada, to complete up to 18 drill holes on its 100-per-cent-owned Miller's Crossing lithium project in the South Big Smoky Valley, Nevada. Drilling will utilize large-diameter NQ rods (47.6-millimetre core diameter) as well as AQ rods (27.0 mm core diameter) for superior sample recovery and is expected to reach depths of up to 50 metres. The purpose of the drilling will be to test subsurface layers for lithium and other commercial elements. The company is in the process of mobilizing its field crew and work is expected to commence shortly.

The Miller's Crossing project fits well into the playa-type brine deposit model as it shares geological similarities with Clayton Valley, the only lithium-producing brine operation in North America. A playa is an internally drained brine deposit, the surface of which is primarily composed of silts and clays in which lithium can accumulate from the surrounding source rocks during successive evaporation and concentration events. Evaluation of regional gravity data has led to the hypothesis that the Big Smoky Valley has been infilled with an estimated 2,000 to 2,500 m of alluvial fill and may have the potential to host a significant mineral deposit.

Regarding the permitting, chief executive officer and chairman Ian Graham commented: "We are pleased to have achieved another key exploration milestone and we look forward to furthering our exploration of this ground in the near term. Weather conditions and access are both excellent, and, as such, we believe that the program could be completed in approximately two weeks time."

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

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