1MC 3.23% 3.0¢ morella corporation limited

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    Sonic Drilling Commences on Lithium Corp.'s North Big Smoky, Nevada, Prospectlithiumcorporation.comFOR IMMEDIATE RELEASE OTCQB: LTUM SONIC DRILLING COMMENCES ON LITHIUM CORPORATION’S NORTH BIG SMOKY, NEVADA, PROSPECTElko, NV – June 20, 2023 – Lithium Corporation (OTCQB:LTUM) (“LTUM” or “the Company”), a North American company focused on energy metals for the growing energy storage sector and high-tech industries, is pleased to announce sonic drilling has commenced on the Company’s 388 placer claim Carvers block in North Big Smoky Valley, Nye County, Nevada.Morella Corporation (ASX:1MC), Lithium Corporation’s single largest shareholder and Optionee on the prospect, is performing the work in accordance with their Optionee agreement whereby Morella can earn an initial 60% interest in the project. After completing Controlled Source Audio Frequency Magnetotelluric, Passive Seismic, and Magnetotelluric geophysical surveys, as well as a surface sediment geochemical survey, all in the past year, Morella permitted and initiated a four hole sonic drilling program.All permits have been granted and drilling commenced the second week of June. Morella plans to drill four moderate depth holes to learn more about stratigraphy, structure and lithium mineralization at each discrete location, followed by a reflection seismic survey. Data from these two programs will be combined with data generated during the earlier Magnetotelluric survey. The combined data will be used to plan a deep hole program in the future.
 
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