Tucana Lithium Announces the Commencement of the Exploration Program
Filed under Uncategorized
LAS VEGAS, June 27, 2011 (GLOBE NEWSWIRE) — Tucana Lithium Corp. (OTCQB:TUCA) is pleased to announce the Company has started its first phase of the exploration campaign on the Abigail Property. The program is being carried out with a team of 6 persons including 2 geologists and 4 technicians under a service agreement with Nemaska Exploration. The work program covers geological reconnaissance of approximately 2,500 hectares, mostly in the central part of the property. In addition, we are focusing our efforts on the same geological corridor east of the Whabouchi lithium deposit consisting of 12 kilometres on the same geological trend.
The Company also wishes to announce that it has fulfilled all of the obligations to the Selling Group for the purchase price of the Abigail Property.
“The commencement of Tucana’s exploration program is a very exciting time for our Company due to the extensive prospects of the Abigail property”, stated Jordan Starkman, CEO of Tucana Lithium Corp. “The Company will continue to update shareholders as results from the campaign are received from Nemaska.”
The Company’s main exploration focus in 2011 will be the Abigail Lithium Property located in the James Bay, Quebec region of Canada. The property consists of 222 map-designated cells totaling 11,844 hectares within and adjacent to Nemaska Exploration’s Whabouchi Lithium discovery.
Certain statements in this document that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate, “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Tucana Lithium Corp. to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to: (i) the Company’s ability to obtain sufficient capital or a strategic business arrangement to fund its current operational or expansion plans; (ii) the Company’s ability to build and maintain the management and human resources and infrastructure necessary to support the anticipated growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors discussed in the Company’s periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under “Search for Company Filings.