Confederation Minerals Ltd. (TSX-V: CFM) is pleased to announce that American Potash LLC, a Nevada corporation owned equally by Confederation Minerals Ltd. and Magna Resources Ltd., has acquired 100% of 160 Federal lithium placer mining claims totaling 3200 acres in northwestern Paradox Basin, southeast Utah, USA. The lithium claims are located on BLM administered Federal lands and are staked over a portion of existing American Potash BLM pending potash prospecting permit areas. The new American Potash lithium claims occur approximately 30 miles (50 km) northwest of Moab, Utah and 20 miles (38 km) northwest of Intrepid Potash’s Cane Creek solution potash mine in the southeastern Paradox Basin of Utah.
The new lithium claims were located according to projected subsurface lithium brine occurrences defined in the Utah Geological and Mineralogical Survey Special Studies No. 13, juxtaposed with American Potash’s pending potash prospecting permit areas and Utah State potash leases. The lithium claim block defines an approximately 6-mile (9.6 km) long by 1-mile (1.6 km) wide, northwest-southeast elongate contiguous block of claims connecting the two 1 square-mile State of Utah potash lease sections on which American Potash has proposed to drill two initial exploration wells. American Potash intends to evaluate the presence and composition of subsurface lithium-potash bearing brines during the course of exploration drilling for potash occurrences in the Paradox Basin.
Mr. Kent Ausburn, P.Geo., a qualified person as defined by National Instrument 43‐101, has reviewed the technical aspects of this news release.
On Behalf of the Board,
Confederation Minerals Ltd.
Lawrence A.Dick, Ph.D., P.Geo
President, CEO, and Director
Confederation Minerals Ltd.
Suite 1980, 1075 West Georgia Street
Lawrence Dick, President
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