International Battery Metals Ltd.: Woodbury Carper Lithium Resource Project Exploration Commences
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2017) - International Battery Metals Ltd. (CSE: IBAT) ("IBAT" or the "Company") The Company is pleased to announce that it has commenced the testing and evaluation of the optioned Woodbury Carper Lithium Resource Project being 37,500 acres of oil and gas leases located in Cumberland and Jasper Counties Illinois. Through this initial program, the Company will advance its objectives of quantifying the lithium content of the brine on the optioned properties and exploring the application of different extraction methodologies.
As announced in the Company's July 24, 2017 news release, lithium on these properties were discovered as a result of drilling three exploratory wells in the search for oil and gas from the New Albany Shale and Carper Sandstone. Readers are referred to that news release for further details.
These initiatives reflect the Company's strategic move to focus on lithium in oil and gas brines in North America where it can utilize the latest lithium specific expertise and technologies as described in the Company's news release of October 2, 2017 in the best interests of the Company.
ON BEHALF OF THE BOARD
Logan Anderson, CEO and Director
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to the same. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
CSE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.