LI3 LITHIUM CORP. Li3 Lithium Corp. announced that it has increased its interest in the Mutare Project (the Mutare Project), located in Zimbabwe, to 50% from 25%. The Company recently acquired the remaining 50% of Li3 Resources Inc. ("Li3 Resources") that it did not own for USD 200,000, thereby increasing its interest in Li3 Resources to 100%.
Li3 Resources in turn owns a 50% interest in the Mutare Project with Premier Africa Minerals owning the remaining 50%. In conjunction with this increase in project ownership to 50%, the Company has assumed operatorship of the Mutare Project and taken over management of the exploration program. The exploration program includes geological mapping, soil geochemical survey, rock chip sampling and a trenching program to assist in identifying priority targets for a 5,000-metre exploration drilling program, scheduled to start in the upcoming weeks.
