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Hot Mineral: Indium play Lithic Resoruces..Up 28.6%



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By minerman

Posted: Wednesday Apr 2 1:10:43PM 2008

share price was up 28% at a point in the day, not indium value

By Bobwins

Posted: Wednesday Apr 2 12:06:52PM 2008

I having trouble reading the drill results. Where do you see 28% indium? Bobwins

By minerman

Posted: Wednesday Apr 2 11:00:39AM 2008

Lithic Intersects More Zinc-Indium+/-Copper Mineralization at Crypto VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 2008) - Lithic Resources Ltd. (TSX VENTURE:LTH) (the "Company") is pleased to report additional assay results for the Crypto project located in western Utah where zinc-copper-indium mineralization occurs as multiple stratigraphically-controlled skarns and replacement bodies hosted in a shallow dipping carbonate sequence near the contact with a quartz monzonite/rhyolite intrusive. Hole C-07-04 is vertical and was collared near the western flank of the deposit. Technical difficulties resulted in its termination at a depth of 594.1 metres before reaching all target horizons. Hole C-07-05 is vertical, was collared near the eastern flank of the deposit and was drilled to a depth of 640.1 metres. Numerous intervals of zinc-indium mineralization containing variable amounts of copper were encountered, the more significant ones being listed in the table below. A plan and sections illustrating the locations of holes reported to date are available at www.lithicresources.com. /T/ -------------------------------------------------------------------------- Hole From (m) To (m) Metres % Zn % Cu ppm In Zone -------------------------------------------------------------------------- C-07-04 320.80 323.55 2.75 0.08 0.93 139.9 sulphide -------------------------------------------------------------------------- " " 394.56 399.44 4.88 0.08 1.05 40.5 " -------------------------------------------------------------------------- C-07-05 182.58 190.96 8.38 10.00 0.11 96.5 oxide -------------------------------------------------------------------------- " " 226.77 244.45 17.68 7.78 0.06 33.6 sulphide -------------------------------------------------------------------------- incl 229.82 235.76 5.94 16.11 0.05 68.6 " -------------------------------------------------------------------------- " " 281.64 295.35 13.71 6.17 0.02 53.1 " -------------------------------------------------------------------------- incl 288.04 293.67 5.63 9.92 0.01 90.7 " -------------------------------------------------------------------------- " " 347.17 375.82 28.65 4.00 0.38 111.7 sulphide -------------------------------------------------------------------------- incl 347.17 356.31 9.14 3.78 0.04 172.4 " -------------------------------------------------------------------------- " " 397.76 401.12 3.36 5.42 0.42 114.2 " -------------------------------------------------------------------------- " " 475.64 477.32 1.68 4.63 0.45 385.0 " -------------------------------------------------------------------------- /T/ In addition, analytical results for indium have now been received for hole C-07-03 and the more significant intercepts are listed below. Zinc and copper assays for these intervals were previously reported in news release 2008-2 issued on February 13, 2008: /T/ -------------------------------------------------------------------------- Hole From (m) To (m) Metres % Zn % Cu ppm In Zone -------------------------------------------------------------------------- C-07-03 258.62 274.02 15.40 2.92 0.16 71.4 sulphide -------------------------------------------------------------------------- " " 304.65 334.67 30.02 17.93 0.53 50.1 " -------------------------------------------------------------------------- " " 435.56 445.01 9.45 1.33 0.16 176.3 " -------------------------------------------------------------------------- " " 456.74 461.92 5.18 1.45 1.56 221.5 " -------------------------------------------------------------------------- /T/ Two rigs are currently drilling holes C-08-11 and C-08-12 and approximately 3,200 metres in 5-6 holes remain in the current program which is aimed mainly at confirming and expanding the historical zinc resource established by Cyprus Minerals and will lead to an updated resource estimate. Additional drill targets include the extensions of high grade silver-lead-zinc mineralization at the formerly producing Utah Mine, geophysical anomalies identified in 2006 that could represent an entirely new zone of Crypto-style zinc mineralization and porphyry-style molybdenum mineralization encountered in past drilling. The Company is well-financed to complete this program of work. Chris Staargaard, M.Sc., P.Geo., is the Qualified Person for Lithic and has reviewed and approved the contents of this news release. LITHIC RESOURCES LTD. C.F. Staargaard, President and CEO -30- FOR FURTHER INFORMATION PLEASE CONTACT: Lithic Resources Ltd. Chris Staargaard (604) 687-7211 (604) 648-9578 (FAX) Email: lithic@telus.net Website: www.lithicresources.com / www.sedar.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Please send comments or suggestions to feedback@mplcomm.com 1996 - 2008 MPL Communications Inc.

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