Western Lithium
Commences Pre-Feasibility Study
Reno, Nev., USA:
Western Lithium USA Corporation (�Western Lithium� or the �Company�, TSX-V:
WLC; PK: WLCDF) has engaged Tetra Tech, Inc. (�Tetra Tech�, NASDAQ: TTEK) to
complete a pre-feasibility study at its lithium deposit in Nevada, USA.
The work will commence this week with completion targeted for mid-year 2011.
Tetra Tech, with 12,000
employees and 330 offices worldwide, is a leading provider of specialized
geological, geotechnical, environmental, mine and metallurgical engineering
services to the mining industry. Tetra Tech�s technical expertise spans 40
years and includes research and development, applied science, engineering
design, construction management, operations support, and site reclamation.
Tetra Tech has established a reputation for cost effective mining expertise
and innovation in industrial minerals, base and precious metals, coal and
uranium, and is particularly suited to Western Lithium�s project at this
stage of its development.
Commencement of the pre-feasibility study follows
the announcement in December 2010, that Western Lithium produced high quality
lithium carbonate at pilot scale using lithium extracted from its Kings
Valley Project. The pre-feasibility study will also incorporate an
additional 150 drill holes that have been drilled in 2010 and early 2011 and
build on the significant prior process development, optimization and design
work that has been developed and tested throughout 2010 at facilities in the
United States, Germany and Chile.
Qualified Person
Dennis Bryan, P.E., Western Lithium�s Senior Vice President of Development is
the Qualified Person as defined by NI 43-101 that has reviewed the technical
data in this news release.
Western Lithium is developing the Kings Valley, Nevada lithium deposit into
potentially one of the world�s largest(1)
strategic, scalable and reliable sources of high quality lithium
carbonate. The Company is positioning itself as a major U.S.-based
supplier to support the rising global demand for lithium carbonate that is
expected from the increased use of hybrid/electric vehicles.
For further
information contact:
Western Lithium USA Corporation
Cindy Burnett, Investor Relations
Telephone: 604-331-9842
Email: info@westernlithium.com
Website: www.westernlithium.com
(1) Western
Lithium has completed National Instrument 43-101 resource estimates on two
portions of the property, one of which is envisioned for the initial stage of
mine development. These resources cover part of the mineralization from
a historical estimate of 11 million tonnes of
lithium carbonate equivalent (LCE) prepared by Chevron Resources Corp. in the
1980s that encompasses all of the King�s Valley lithium lens deposits
identified to date, and ranks in size behind deposits in Bolivia (47 million tonnes LCE), Chile (37 million tonnes
LCE), North Carolina (14 million tonnes LCE) and
the DRC (12 million tonnes LCE).
Source: R. Keith Evans, 2010; Roskill
Information Services Ltd., 2009; and company disclosures. A qualified
person has not done sufficient work to classify the historical estimate as
current mineral resources under National Instrument 43-101, the Company is
not treating the historical estimate as current mineral resources and the
historical estimate should not be relied upon.
Forward Looking Statements
Certain of the statements made and information contained herein is
�forward-looking information� within the meaning of the Ontario Securities
Act, including the timing, completion and results of the proposed
pre-feasibility study . Forward-looking
information is subject to a variety of risks and uncertainties which could
cause actual events or results to differ from those reflected in the
forward-looking information, including those described in the company�s
management discussion and analysis. Forward-looking information is in
addition based on various assumptions including, without limitation, the
expectations and beliefs of management. Should one or more of the risks and
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in the
forward-looking information. Accordingly, readers are advised not to
place undue reliance on forward-looking information.
The TSX Venture Exchange
has neither approved nor disapproved of the contents of this press
release. Neither the 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 press
release.
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