Lithic Resources Ltd. is a junior mining exploration company based in Vancouver, Canada which trades on the TSX Venture Exchange under the symbol LTH. We hold a 100% interest in the advanced stage Crypto project in Utah, a zinc-copper-silver-indium-gold deposit previously explored by Utah International and Cyprus Minerals.

Drilling and an updated resource estimate by Lithic in 2007-2009 substantially increased the size of the Crypto deposit and confirmed the presence of significant levels of associated copper and indium, a key component in flat screen displays, thin film photovoltaics and other electronics. Preliminary metallurgical testwork has shown good recoveries to separate zinc (indium) and copper (gold-silver) concentrates using standard flotation processing.

In 2010, a Preliminary Economic Assessment (PEA) showed that the most likely development scenario at Crypto would be that of a conventional 3,500 tpd underground mine and mill complex. Zinc would represent approximately half of the value of production, the balance by copper, silver, indium and gold. The levels of indium in the deposit are exceptional and highlight Crypto as perhaps the most important potential resource of that metal in the USA where there is currently no domestic production.

A very significant proportion of the minimum grade and tonnage required for an economic situation has already been defined. Since the deposit is open in several directions, there is good potential to expand existing resources and very good potential for the discovery of new zones beyond these extensions. A US$3.6 million program of drilling is planned to continue expanding tonnes and grade. The project is fully permitted and bonded.