Unity Energy Corp. Receives Drilling Permit for Millers Crossing Lithium Project, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 1, 2016) - Unity Energy Corp. (TSX VENTURE:UTY)(FRANKFURT:UJN2) ("Unity" or the "Company") is pleased to announce that it has received exploration permits from the Bureau of Land Management, Nevada to complete up to 18 drill holes on its 100% owned Miller's Playa Lithium Project in the South Big Smoky Valley, Nevada. Drilling will utilize large diameter NQ rods (47.6mm core diameter) as well as AQ rods (27.0mm core diameter) for superior sample recovery and is expected to reach depths of up to 50m. 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 Millers 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 in-filled with an estimated 2000-2500m of alluvial fill and may have the potential to host a significant mineral deposit.
Regarding the permitting, CEO & 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, P. Geo. Dr. Born is a Qualified Person, as that term is defined in National Instrument 43-101, and has approved this news release.
On Behalf of the Company,
Anita Algie, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
