AmeriLithium Confirms Commencement of Exploration for Jackson Wash Lithium Brine Project
HENDERSON, NV, Oct. 19, 2011 /PRNewswire/ — AmeriLithium Corp. (OTC Bulletin Board: AMEL; “AmeriLithium” or “the Company”) is pleased to announce commencement of the first stage of its Geophysical exploration on the Company’s Jackson Wash Lithium brine project in Esmeralda County, Nevada, on Monday, October 17, 2011, with Magee Geophysical Services (“Magee”).
Magee specializes in gravity data collection, and has extensive experience in the region of the Jackson Wash project. Magee will perform a gravity survey to assist in the delineation of bedrock surface depth along with topography and identification of paleostructures underlying AmeriLithium’s Jackson Wash property. These potential traps and conduits for Lithium brine accumulation will be tested further by other more focused techniques as suggested by the results of the gravity survey.
Magee recently performed similar field work for AmeriLithium on both the Company’s Nevada-based Clayton Deep and Full Monty Lithium brine projects. The Company is in receipt of the reports from both initial Geophysical exploration stages, which will be filed on the Company’s website shortly.
JACKSON WASH PROJECT EXPLORATION
The project’s 65 placer mining claims total ~2,450 acres (3.83 square miles), covering the center of an identified gravity low to the east of Nevada’s Lithium-producing Clayton Valley. In April of 2011, ALS Minerals assayed a rock sample from the Jackson Wash property, which was determined to be anomalous in Lithium at 68.8 ppm (at 0.1 ppm limit of reporting).
The Jackson Wash project lies to the immediate east of the Montezuma Range. To the immediate west of the range lies the Clayton Valley playa, where Lithium-rich brines and evaporates have been accumulating for more than 30,000 years, resulting in the highest Lithium content found in any brines tested by the US Geological Survey (USGS) in southwestern US playas and basins.
Once the gravity survey data is acquired, it will be analyzed and interpreted by AmeriLithium’s consulting geophysicist, Mr. Jim Wright of J.L. Wright Geophysics. Mr. Wright is a professional geophysicist with over 40 years experience in the field of geophysical investigations and interpretation. He has considerable experience in interpreting gravity survey data over much of the State of Nevada, and brings a wealth of knowledge of local geologic variations in the region.
JACKSON WASH GRAVITY SURVEY DETAILS
The first phase of geophysical exploration on the Jackson Wash property has been designed to more fully delineate the Jackson Wash Low in Esmeralda County, Nevada. The proposed 96 gravity stations will be surveyed at locations as specified by the Company at nominal intervals spaced across the Jackson Wash property. Gravity will be measured with a resolution of 0.01 mGal. A GPS system capable of centimeter XYZ accuracy will be used for navigation and positioning.
FOR MORE INFORMATION
More information on the Jackson Wash Lithium brine project, and additional information regarding the Company, can be found at AmeriLithium’s corporate website www.amerilithium.com along with the facility to sign up for regular news updates.
ABOUT LITHIUM: Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses Lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses Lithium in alloys. Of particular interest is the use of Lithium for battery production, which has expanded significantly in recent years due to rechargeable Lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market. Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives while the Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on Lithium-ion batteries.
ABOUT AMERILITHIUM: AmeriLithium is a publicly traded (NASD OTC BB: AMEL), mining company committed to progressively developing into one of the leading American players in the global Lithium industry. The Company is headquartered in Henderson, NV. AmeriLithium has amassed a Lithium portfolio consisting of ~727,779 acres, including four Nevada-based projects nearby the only Lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia.
ON BEHALF OF THE BOARD OF DIRECTORS,
Matthew Worrall, Chief Executive Officer
Contact: AmeriLithium Corp. 871 Coronado Center Dr. Ste. 200 Henderson Nevada 89052 Phone: (702) 583-7790 Fax: (702) 583-7791 Email: email@example.com INVESTOR RELATIONS: Toll Free: 1-888-982-6374 Email: firstname.lastname@example.org
Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. AmeriLithium Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to AmeriLithium Corp.’s anticipated financial performance, business prospects, new developments, strategies and similar matters. AmeriLithium Corp. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
(1) NI 43-101 Technical Report by Coast Mountain Geological Ltd for Rodinia Minerals Inc, Mar. 12, 2009
SOURCE AmeriLithium Corp.