Pan American Lithium Corp. Announces Time Extension for Chilean Resource Estimate Study
March 02 2010 - 5:00PM
Marketwired
On January 28, 2010 Pan American Lithium Corp. (TSX VENTURE: PL)
("Pan American" or the "Company") announced that it expected to
deliver by the end of March 2010, the results of a study at its
100% owned Laguna Verde salar lake in Atacama Region III, Chile, in
order to develop an inferred resource estimate for lithium content
compliant with National Instrument 43-101.
The major earthquake last weekend in the country of Chile has
disrupted transportation to and services within the country. Even
though Pan American's projects are over 1000 kilometres distant
from the damaged areas, and are otherwise unaffected, the Company
has adjusted its timeline and now anticipates that the Laguna Verde
resource estimate will be completed by April 30, 2010.
On Behalf of the Board,
PAN AMERICAN LITHIUM CORP.
Andrew A. Brodkey, President and CEO
This press release contains projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include without
limitation statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future
performance of the Company such as the statement that the Company
anticipates that the Laguna Verde resource estimate will be
completed by April 30, 2010. There are numerous risks and
uncertainties that could cause actual results and the Company's
plans and objectives to differ materially from those expressed in
the forward-looking information, including: (i) adverse market
conditions; (ii) a decrease in demand for and price of lithium;
(iii) general uncertainties with respect to mineral exploration in
general; (iv) changes in the political or regulatory environment in
Chile; (v) inability to raise required financing or execute the
Company's business plan. Actual results and future events could
differ materially from those anticipated in such information. These
and all subsequent written and oral forward-looking information are
based on estimates and opinions of management on the dates they are
made and are expressly qualified in their entirety by this
notice.
Neither 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.
Contacts: Pan American Lithium Corp. Andrew A. Brodkey President
and CEO 604-683-8610
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