VANCOUVER, British Columbia, Oct. 20, 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 commenced on site fieldwork activities based on recent findings across the Halo and ELi project areas.
The Halo Project, consisting of ninety-eight mineral claims located in Nevada's Esmeralda and Nye Counties 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.
The immediate region is relatively under-explored with no previous field work or sampling ever completed on the Halo property even though it now has an advanced project adjacent to it. The goal of the program is to get boots on the ground to commence efforts to improve and clarify technical knowledge of the Big Smoky Valley basinal alluvial cover within the Halo project land package. Initial field work planning consists of prospecting efforts to understand the depth of alluvial cover through initial surface sampling, and if applicable, surficial mapping. The data acquired from the initial fieldwork will assist the Company as it refines a go-forward geology and metallurgy plan to support phase-2 drill targeting as part of Clear Sky's ongoing strategic lithium resource development efforts in Nevada.
To undertake the fieldwork at Halo, Clear Sky has expanded its engagement with Tigren Inc. ("Tigren") of Reno, Nevada who are scheduled to commence their efforts onsite in late October. As noted in a news release of September 28, the firm has already been engaged to concurrently work on Clear Sky's ELi project, and it was subsequently determined to be the most cost-effective and logistically efficient solution to extend this arrangement. Tigren brings over-30-years experience as a discovery-focused geological service provider specializing in advancing under-explored properties through their comprehensive technical field services and is controlled by Company Director, Marco Montecinos.
At the ELi Property, the Company elected to initiate a detailed geological mapping survey and auger sampling program which has been increased to bulk sampling of key target locations. The program continues to delineate the size, continuity, and shape of near-surface lithium mineralization and provide a clearer understanding of exploration vectors and geological controls on the mineralization. The sampling program was designed to optimize resolution and integrity, offering a clear surface representation across the entire property. Sampled materials will be utilized to refine geological assessments and drill targets, and further serve as research materials for ongoing metallurgical extraction and processing studies.
Patrick Morris, Clear Sky Lithium's CEO notes, "We believe that both our properties hold excellent promise and are proceeding to invest based on science-based results. Our strategy includes the acquisition of development-grade assets in combination with a plan for technological solutions best suited to extract mineral value in the most cost-efficient manner. We are on-track and pleased with the overall progress to-date. As milestones continue to be achieved, we look forward to reporting further good news for our partners and shareholders as our venture continues to build upon success in the field and in the lab."
On Behalf of The Board of Directors,
Chief Executive Officer
Clear Sky Lithium Corp.
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 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 the use the Company will be able to make of the initial fieldwork on the Halo property, the Company's go-forward geological and metallurgy plans, and the anticipated results of the Company's work on the ELi project and Halo 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.
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Clear Sky Lithium Corp.
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