Lithium Message Board - Msg: 25995683

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Gold/Mining/Energy : Lithium

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From: Condor	10/5/2009 6:26:24 PM
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Canada Lithium, Gold Summit hit aquifers at Paymaster Canada Lithium Corp (C:CLQ) Shares Issued 115,859,028 Last Close 10/2/2009 $0.43 Monday October 05 2009 - News Release Canada Lithium Corp. and Gold Summit Corp. have declared today that drilling at the Paymaster lithium brines property in Esmeralda county, Nevada has intersected subsurface aquifers. The hole was completed to a depth of approximately 365 metres and conductive layers were intersected from 325 to 338 metres downhole and from 347 metres to the bottom of the hole. Solution samples from the hole have been dispatched for analysis. Assay results are anticipated within two weeks. The Paymaster site was selected on the basis of geochemical and geophysical data collected and interpreted over the past year, with surface assays returning results of up to 140 parts per million lithium. Field work and data studies are underway in a number of other basins in southwest Nevada. This work is expected to lead to the selection of other drill targets. ? 2009 Canjex Publishing Ltd.

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