Equitorial’s Gravity Results Inspire Acquisition of Entire Tule Valley Lithium Basin
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UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
Equitorial’s Gravity Results Inspire Acquisition of Entire Tule Valley Lithium Basin
Vancouver, BC, Canada – May 23, 2017 – Equitorial Exploration Corp. (TSX -V: EXX, Frankfurt: EE1, OTCQB:
EQTXF) (“Equitorial” or “Company”) is pleased to report the completion of a ground geophysics survey on its
100% owned Tule Valley Lithium project in Utah.
Highlights
1. The gravity results demonstrate that the Tule Valley fill has a depth of over 500 meters in the western
portion of the property. To view the gravity results, please visit: http://equitorialexploration.com/gallery/
2. The valley fill deepens further than 500 meters heading east from the current claim blocks.
3. To maximize the potential for the Company, Equitorial has acquire d an additional 135 claims totaling
2,700 acres. The Company has now staked the entire Tule Valley Brine Property for a total holding of 6,900
acres. To view the claim extension, please visit: http://equitorialexploration.com/gallery/
4. This season Equitorial will conduct a drill program to test lithium concentrations in brine at different
depths and locations in the Tule Valley Basin.
Gravity Survey Methodology
The survey was completed by Zonge International Inc. during April 2017. A total of 511 unique grid stations were
acquired covering a grid area of approximately 20 km 2 with 200 meter station spacing. Field gravity data was
merged with 52 regional public domain gravity stations. Elevations were obtained from real -time kinematic and
post-processed GPS.
Tule Valley Lithium Brine Project
The property comprises 6,900 acres and is located approximately 190 km south west of Salt Lake City, Utah and is
road accessible.
Tule Valley is a closed basin. In a closed basin the surface water and groundwater flowing into the basin ha ve no
escape route, and evaporate at surface leaving behi nd minerals dissolved in the resulting brines and evaporation
pools. Tule Valley is mostly a dry lake bed (playa), but it hosts active evaporation pools along its western margin.
In August, 2016, 4 water samples and 13 soil samples were collected from the Tule property - most at claim post
sites located on exposed playa. The samples of actively evaporating briny surface muds are all anomalous in
Lithium (over 0.01% Li) with samples as high as 200 ppm Li. Each anomalous sample is very wet, saturated with
salty brine and contains salt and/or gypsum crystals.
Tule Valley is located within an area which hosts several lithium -bearing hard rock properties which may have
provided lithium to groundwaters.
• 20 km to the north is the Redhill Resources Corp.'s Honey Comb beryllium -rubidium-lithium-rare-earth
project. Redhill’s NI 43-101 (Sept. 30, 2011) reports that initial surface sampling provided assays of 1,500
to 1,700 parts per million lithium.
• 60 km to t he southeast is Crystal Peak Minerals Inc.'s potash -lithium-magnesium brine project. Crystal
Peak's NI 43 -101 (Nov. 18, 2013) reports lithium values in solution (brine) range from 50 to 200
milligrams/litre. Crystal Peak is an evaporite basin similar to Tule Valley.
• 30 km to the northeast is Materion Corp.'s Spor Mountain beryllium mine
The Tule Valley prospect may be similar to that of Clayton Valley, Nevada, as they are both closed basins with signs
of active and historic evaporation. The Tule Valley pro ject requires further exploration, including geophysics and
drilling, to evaluate potential for a mass lithium brine deposit.
Technology
The company has entered into a number of discussions with parties which have had extensive experience with, or
whose main operating business includes, the separation of metals and physical particulate from water, recycled
water, and oil and gas waste water. The company hopes to conclude an agreement to test these processes and
methods for commercial-scale application.
About Equitorial Exploration Corp
Equitorial is aggressively developing three significant, 100% -owned, high -potential, lithium projects in North
America.
The Little Nahanni Pegmatite Group (LNPG) is a 43 -101 compliant, hard rock, lithium property in the NWT. Both
the Tule and Gerlach Lithium Brine Projects are located in lithium -rich Utah and Nevada within easy reach of the
Tesla Gigafactory #1.
All three projects have demonstrated highly encouraging grades and Equitorial intends to actively explore these
Lithium opportunities.
Phil van Angeren, P. Geo., a Qualified Person as defined by National Instrument 43 -101, has reviewed and verified
the technical mining information provided in this release.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
FORWARD LOOKING STATEMENTS: This news release contains certain forward -looking statements within the meaning of Canadian securities laws,
including statements regarding the Tule, Gerlach and Little Nahanni Pegmatite Project : statements pertaining to the ability of Equitorial Exploration
Corp.(“EXX”); the potential to develop resources and then further develop reserves; the anticipated economic potential of the property; the
availability of capital and finance for EXX to execute its strategy going forward. Forward -looking statements are based on estimates and assumptions
made by EXX in light of its experience and perception of current and expected future developments, as well as other facto rs that EXX believes are
appropriate in the circumstances. Many factors could cause EXX ’s results, performance or achievements to differ materially from those expressed or
implied by the forward looking statements, including: discrepancies between actual a nd estimated results from exploration and development and
operating risks, dependence on early exploration stage concessions; uninsurable risks; competition; regulatory restrictions, including environmental
regulatory restrictions and liability; currency f luctuations; defective title to mineral claims or property and dependence on key employees. Forward -
looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made . The
assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and,
as such, undue reliance should not be placed on forward -looking statements. The Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture Exchange)
accepts responsibility for the adequacy or accuracy of this release.