MATICA TO COMMENCE DRILL PERMITTING FOR ELON LITHIUM PROJECT
April 21st, 2016 – Toronto, Ontario – Matica Enterprises Inc. (MMJ – CSE) (39N – Frankfurt) (MQPXF – OTC) (“Matica” or the “Company”) is pleased to announce that the Company has begun the process for obtaining required drilling permits for its 100% owned Elon lithium claims located in Clayton Valley, Nevada.
“We are looking forward to drill testing the Elon claims now that drilling has resumed on the adjacent project owned by Pure Energy Minerals Limited. The Clayton Valley is the primary location for lithium brines in North America.” states Matica CEO, Boris Ziger.
In addition to the Elon claims, Matica has the McGee Lithium Project which is located adjacent to properties owned by Pure Energy (PE – TSXV) and Cypress Development Corp (CYP – TSXV). The project is south of the Silver Peak Lithium Mine, which has been in production since 1966 as the only lithium brine production operation in North America. Recent sampling of the McGee (see NR April 4, 2016) showed an average of approximately 750 ppm lithium from all samples taken over the 1,500 metre long by 700 metre wide area with values as high as 1,420 ppm Li in the claystones.
For more information on Matica Enterprises please visit the website at: www.maticaenterprises.com.
On behalf of the Board of Directors
MATICA ENTERPRISES INC.
Boris Ziger, CEO & Chairman
For further information, please contact Boris Ziger, Chief Executive Officer, at:
Disclaimer for Forward-Looking Information
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.
This news release contains statements about the Company’s information that will be made available on the S&P Capital IQ Corporation Records Listing Program and the business of Matica that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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