DENVER, CO — (Marketwire) — 08/25/11 — Force Energy Corp. (OTCBB: FORC) (FRANKFURT: FC2) (hereafter “Force”, “the Company”), a junior Lithium and Rare Earths mineral exploration company, is pleased to update shareholders on the Phase One exploration program conducted on the Company–s Zoro 1 property in west-central Manitoba, Canada.
The objectives of this exploration program were to review historic ore reserves, identify and potentially expand the known mineralized area on the property, and determine economic potential of the spodumene-bearing dykes delineated on the property.
The original exploration plan was to identify and sample the main target, a pegmatite-hosted deposit of Lithium-bearing mineralization that is exposed at surface, where historic exploration determined a resource of over 1.7 million tons of lithium at 0.945%. In addition to exploring the main dyke, the exploration team located the additional seven trenches that had historically been noted on the Zoro 1 claim and produced a geologic map of each trench. Once areas of interest were located, the crew cleaned out the trenches and used a pick and shovel method to look at rocks to find pegmatite. They then took channel samples using a rock saw on historic trenches hosting pegmatite.
While exploring the main and additional seven dykes on the project area the crew identified several additional trenches that had not been noted in previous exploration programs. These findings suggest a potential for a greater amount of resource to be spread across the property, and give further encouragement for more detailed exploration.
Altogether 170 channel samples have been sent for assay at Activation Laboratories in Ancaster, Ontario. The samples will be analyzed to confirm historical lithium assays, and to assess the pegmatite for rare earth elements, gold, rubidium, niobium, tantalum, tin, tungsten, and beryllium, all of which add to the prospectivity and economic viability of the Zoro 1 property. The analytical approach will be broad as we look at samples for these value-added minerals.
Once the results of analytical testing have been received the Company will compile a technical report based on this exploration program and determine next steps for development of the property.
The ActLabs Group of Companies provides contract analytical services covering all aspects of analysis from academic research applications to routine quality control functions.
ActLabs provides services to many fields, including Geochemical, Petroleum, Industrial Minerals, Forensic, Pharmaceutical & Clinical, Environmental & Occupational Health, Agricultural and Materials Testing areas.
Force Energy Corporation (FORC) is a Lithium, Rare Earth and Hydrocarbon Exploration and Development Company based in Denver, Colorado.
Force Energy plans to explore and develop its Zoro 1 Lithium property located in the Snow Lake area of west-central Manitoba, Canada. Drill-indicated lithium mineralization on our Zoro 1 property coupled with data from channel samples in one blasted trench gives a historic total undiluted tonnage of 1,727,550 tons grading 0.945% Lithium dioxide.
Force Energy also maintains a 50% working interest in the Hayter Well, a Hydrocarbon well located in Alberta, Canada.
Force Energy Corporation–s shares are publicly traded on the OTCBB under the ticker symbol FORC.
On behalf of the Board of Directors
“Mr. Tim DeHerrera”
President,
FORCE ENERGY CORP.
Legal Notice Regarding Forward-Looking Statements
Legal Notice Regarding Forward-Looking Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined, and assumptions of management. Forward-looking statements are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “aims,” “potential,” “goal,” “objective,” “prospective,” and similar expressions or that events or conditions “will,” “would,” “may,” “can,” “could” or “should” occur. Information concerning oil or natural gas reserve estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.
Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. It is important to note that actual outcomes and the Company–s actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include misinterpretation of data, inaccurate estimates of oil and natural gas reserves, the uncertainty of the requirements demanded by environmental agencies, the Company–s ability to raise financing for operations, breach by parties with whom we have contracted, inability to maintain qualified employees or consultants because of compensation or other issues, competition for equipment, inability to obtain drilling permits, potential delays or obstacles in drilling operations and interpreting data, the likelihood that no commercial quantities of oil or gas are found or recoverable, and our ability to participate in the exploration of, and successful completion of development programs on all aforementioned prospects and leases. Additional information on risks for the Company can be found in the Company–s periodic filings filed from time to time with US Securities and Exchange Commission at .
This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”). They may not be offered or sold in the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from the registration requirements of the Securities Act.
Cautionary Note to U.S. Investors — The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms such as estimates of a mean of undiscovered natural gas and estimates of a mean of undiscovered oil that the SEC–s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K and other periodic reports filed by us from time to time with the SEC, available from us at . You can also obtain this form from the SEC by calling 1-800-SEC-0330.
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