VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- LiCo Energy Metals Inc. (“the Company” or LiCo”) (TSX-V:LIC) (OTCQB:WCTXF) CEO and President, Tim Fernback, recently interviewed with “Stock Day” Host and Uptick Newswire, LLC CEO, Everett Jolly.
In the interview, Mr. Fernback describes LiCo Energy Metals Inc. as a mineral exploration company based out of Vancouver, Canada with several international projects, including two lithium exploration properties in Nevada, one lithium property in Chile, and a series of 12 adjoining cobalt claims in Ontario Canada. LiCo is unique in that it is a diversified energy metal exploration company that holds properties in both cobalt and lithium.
When asked why LiCo is operating in Chile, Mr. Fernback replied that “Chile is the world’s largest exporter of lithium carbonate. The area that we are in (the Salar de Atacama) currently produces 37% of the world’s lithium.” Furthermore, “LiCo is 1 of 4 lithium companies that is active in the Salar de Atacama.” Mr. Fernback continues the interview by making the following project highlights:
Diamond Drill Program: Based in Ontario, the Company has completed 32 drill holes as a part of this program looking for cobalt: 11 of which are on the Company’s Teledyne property and 21 on the Company’s Glencore Bucke Property. Totaling over 4000 meters of drilling, the assay results Mr. Fernback says, confirm historical numbers seen from the area. He further reported his excitement over the solid copper results the Company has also reported from the drilling program. This area of Ontario holds high grade, narrow vein cobalt mineralization, and it has historically produced cobalt. 2018 will most likely include another drilling program by LiCo in this area.
Nevada Black Rock Desert Lithium Project & Nevada Dixie Valley Lithium Project: The Company plans to continue to build up the resource underground and there is potential to partner with another company or two in the future.
Chile Purickuta Lithium Project: This is perceived to be a manageable property that does require more exploration as well as a special license from the Chilean government. The Company hopes to continue to explore in order to put this site into production within a couple years.
The company is currently well funded, and Mr. Fernback foresees that with the positive results from its recent cobalt exploration program, the company will look to raise some additional funds to continue its drilling into 2018 and 2019.
To listen to the “Stock Day” interview in its entirety please follow the link:
About LiCo Energy Metals: https://licoenergymetals.com/
LiCo Energy Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's focus is directed towards exploration for high value metals integral to the manufacture of lithium ion batteries.
On Behalf of the Board of Directors
Tim Fernback, President & CEO
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 release.
Disclaimer for Forward-Looking Information:
This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
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https://www.youtube.com/watch?v=kU5SVLp4org
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Source: Uptick Newswire