02:32:46 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



New Tech Lithium Corp
Symbol NTM
Shares Issued 44,807,569
Close 2018-10-22 C$ 0.04
Market Cap C$ 1,792,303
Recent Sedar Documents

ORIGINAL: New Tech Lithium to acquire Tule cobalt prospect

2018-10-23 14:14 ET - News Release

Received by email:

File: NR NTM_Tule Acquisition_2018.10.1923587 (003).pdf

                                                                           800   1199 West Hastings Street
                                                                           Vancouver, BC, Canada, V6E 3T5
                                                                           Tel: 604-283-1722
                                                                           Fax: 1-888-241-5996
                                                                           www.americanpotashcorp.com
 NTM: CSE

NEWS RELEASE
New Tech Lithium Acquires Another Cobalt Prospect in the Humboldt Intrusive Complex,
Pershing County, Nevada

Vancouver, B.C., October 23, 2018: New Tech Lithium (the "Company") (NTM:CSE is pleased
to announce acquisition of the Tule Cobalt Prospect, hosted in the Humboldt Mafic Intrusive
Complex in Nevada. The Tule prospect consists of eight US Federal lode mining claims which
cover approximately 1-mile of strike length of a large gossanous outcrop of strongly oxidized and
limonite-altered pyrite-bearing rock. New Tech Lithium can earn 100% ownership of the eight
mining claims for payment of $100,000 USD + 400,000 shares of NTM over 3-years, plus
completion of a $500,000 USD work program over 4-years. The vendor will retain a 2% NSR
subsequent to the successful completion of the 100% earn-in. One-half (1/2) of the 2% NSR (1%)
can be purchased by NTM any time and at their discretion for $1,000,000 USD.

The geology and mineralization of the Tule cobalt occurrence are considered by NTM geologists
to be similar to NTM's Buena Vista Hills Cobalt Project, located some 11 to 12 miles to the east-
southeast. The intensely leached gossanous material exposed at the surface contains low-levels of
cobalt, supported by three NTM check samples (13 ppm, 14 ppm, and 23 ppm Co) and historic
sampling (30 ppm - 60 ppm Co; Parker Mining Corporation, Internal Report, 2001). Parker Mining
Corporation also reported in the same document cobalt concentrations ranging from 300 ppm -
1285 ppm cobalt (~0.03% - 0.13% Co) from several partially-oxidized, pyrite-rich rock samples
collected from several old mine dumps on the property. These partially-oxidized samples
presumably represent cobalt-bearing pyrite from the oxide-sulfide transition zone at depth,
suggesting the potential occurrence of cobalt concentrations greater than 0.1% in "fresh" pyrite
below the oxide zone.

With the exception of the NTM check samples, these cobalt results are considered historic in
nature. In the case of the historic samples collected and reported by Parker Mining Corporation,
sample collection, sample preparation and QA/QC protocol cannot be verified to have been
conducted under the supervision of a Qualified Person as defined by NI 43-101 and cannot be
unequivocally relied upon. Detailed sampling and assaying of the magnetite-pyrite mineralized
zones via drilling by NTM will be required to reliably determine the true concentrations and
distribution of cobalt mineralization.
New Tech Lithium is engaged in the exploration and development of promising Cobalt and
Lithium projects in America, including the Buena Vista Hills Cobalt project in Nevada, the
Fredericktown Cobalt project in Missouri and the Paradox Basin Lithium-Bromine project in
Utah/Colorado. The Company is managed by seasoned professionals with extensive experience in
mineral exploration and development throughout the world.

The scientific and technical data contained in this news release was prepared and reviewed by Kent
Ausburn, PhD, P.Geo., a non-independent qualified person to the Company. Dr. Ausburn is
                                                                                                       800   1199 West
---> Hastings Street
                                                                                                      Vancouver, BC, C
--->anada, V6E 3T5
                                                                                                      Tel: 604-283-172
--->2
                                                                                                      Fax: 1-888-241-5
--->996
                                                                                                      www.americanpota
--->shcorp.com
  NTM: CSE

responsible for ensuring that the geologic information provided in this news release is accurate
and acts as a qualified person pursuant to National Instrument 43-101   Standards of Disclosure
for Mineral Projects
On behalf of the Board of Directors


"Rudy de Jonge"

Rudy de Jonge, CEO

Neither the OTCQX nor the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined i
--->n the policies
of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements in this press release other than purely historical information, including statements relating to the Compan
--->y's future
plans and objectives or expected results, are "Forward-Looking Statements" within the meaning of Section 21E of the Un
--->ited States
Securities Exchange Act of 1934, as amended and Canadian securities laws. Forward Looking Statements are based on nume
--->rous
assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks 
--->inheren t in
resource exploration and development. As a result, actual results may vary materially from those described in the Forw
--->ard Looking
Statements.

Key assumptions upon which the Company's forward -looking statements and information are based include: the price of p
--->otash
will rise and not fall significantly; the Company's ability to secure new financing to continue its exploration and de
--->velopment
activities; there being no significant changes in the ability of the Company to comply with environmental, safety and 
--->other
regulatory requirements; the Company's ability to obtain regulatory approvals in a timely manner; and the Company's ab
--->ility to
achieve its growth strategy. These assumptions should be considered carefully by readers. Readers are further cautione
--->d that the
foregoing list of assumptions is not exhaustive. Although the Company believes that the assumptions on which the forwa
--->rd-looking
statements or information are made are reasonable, based on the information available to the Company on the date such
statements were made, no assurances can be given as to whether these assumptions will prove to be correct.
 


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