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     1996  0 Kommentare Liberty One Lithium Advances Plans for Utah Property

    VANCOUVER, BC--(Marketwired - Dec 15, 2017) - Liberty One Lithium Corp. ("Liberty One" or the "Company") (TSX VENTURE: LBY) (OTCQB: LRTTF) (FRANKFURT: L1T), an exploration and development company focused on the acquisition and recovery of high grade lithium brine deposits, is pleased to announce activation of plans to accelerate activities at its flagship "North Paradox" property in Grand County, Utah.

    Liberty One's promising "North Paradox" property consists of 233 placer claims encompassing 4,480 acres located within the Paradox Basin in Grand County, Utah. The prospect is easily accessed just 15 km west of the town of Moab, in southeastern Utah. The geology and controls of mineralization in the immediate area of Liberty One's claim area are reasonably well known as a result of historic mapping and extensive oil and gas drilling. The presence of the Cane Creek mine immediately southeast of the Company's property which has been producing potash for over 45 years demonstrates the efficacy of production processes similar to those envisioned for the mining of lithium in the region. The recovery of lithium and other products from this locality is readily demonstrable as the area is rich with supersaturated brines. This notable fact simplifies feasibility since similar brine resources are the primary source of most of the world's lithium. Historically, within a 50-square mile radius encompassing much of the company's land position, there have been approximately 55 oil and gas wells completed over the years. At least 32 of them penetrated the Paradox Salt formation and intersected its potash beds and brines. Lithologic and geophysical logs and other data including pressures and temperatures for nearly all of these wells are publicly available from the Utah Geologic Survey log library.

    Company CEO, Brad Nichol comments, "This is a business of timing and opportunity, and insofar as we have advanced all payments to finance our efforts in Argentina, we are in the enviable cash position of having approximately $10 million in working capital in hand. Because of its significant upside potential, our US-based project was determined to require a different strategy from our joint venture approach in Argentina and is a fitting opportunity to begin our long-awaited exploration of this promising potential lithium prospect. We're in a great location featuring excellent access and infrastructure within proximity to the Tesla Gigafactory, which could offer distinct economic advantages relative to similar operations in Nevada."

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    Liberty One Lithium Advances Plans for Utah Property VANCOUVER, BC--(Marketwired - Dec 15, 2017) - Liberty One Lithium Corp. ("Liberty One" or the "Company") (TSX VENTURE: LBY) (OTCQB: LRTTF) (FRANKFURT: L1T), an exploration and development company focused on the acquisition and recovery of high …