AmeriLithium Announces Positive 1st Stage Exploration Results & Commencement of 2nd Stage Exploration on Jackson Wash Lithium Project
HENDERSON, NV, Dec. 12, 2011 /PRNewswire/ — AmeriLithium Corp. (OTC Bulletin Board: AMEL; “AmeriLithium” or “the Company”) is pleased to announce having received positive results from the first stage exploration gravity survey on the Company’s Jackson Wash lithium brine project in Esmeralda County, Nevada. In addition, on Monday, December 5th, the Company began its second stage of exploration on the Jackson Wash property, which will assist in delineating stratigraphic layering and structural complexity within the basin sediments identified by the first stage of exploration.
The first stage exploration report will be posted to the Company’s website at http://amerilithium.com
Magee Geophysical Services LLC, based in Reno, Nevada, performed the first stage gravity survey from October 18 to 22, 2011. The survey’s objective was to delineate the basin, including structures, identified by an earlier US Geological Survey (USGS) gravity examination of the entire region. A total of 146 gravity stations were used in the survey. Data from 106 gravity stations were acquired during the Company’s survey with the remaining 40 stations being re-processed from archival USGS data during the interpretation of the data set.
AmeriLithium’s consulting geophysicist, Mr. Jim Wright of J.L. Wright Geophysics, processed the survey’s data for interpretation. Mr. Wright’s interpretation identified an elongate bedrock depression that occupies the north central portion of the Jackson Wash Basin. Proximity to outcrops of volcanic rocks on the nearby Montezuma Range that have tested high in lithium concentrations coupled with paleo-channels identified by the gravity survey suggest that lithium-bearing sediments and groundwater may be present in the subsurface at Jackson Wash. Further gravity survey result details are supplied below.
The second phase of exploration commenced on Monday, December 5th, and involves additional geophysical investigation of the Jackson Wash project. The project’s 65 placer mining claims total ~2,450 acres (3.83 square miles), covering the deepest and largest portion of an identified gravity low to the east of Nevada’s Lithium-producing Clayton Valley. Two east-west oriented controlled source audio magneto-telluric (CSAMT) lines with total length of 10.8 kilometers (~6.71 miles) are proposed to traverse the basin’s center. As with other basin investigations in the Clayton Valley area, the CSAMT surveying will assist in delineating stratigraphic layering and structural complexity within the basin sediments.
AmeriLithium’s Chief Executive Officer, Matthew Worrall, commented: “We’re fortunate to have once again received encouraging first stage exploration results on another of our Nevada-based lithium projects. And we couldn’t ask for anyone better than Jim Wright to be interpreting our gravity survey data while providing insight for our ongoing second stage exploration. Jim’s 40+ years experience in geophysical investigations and interpretation has proven invaluable to the Company, especially his background in interpreting gravity survey data over much of the State of Nevada.”
GRAVITY SURVEY RESULTS DETAILS
Mr. Wright’s interpretation of the gravity survey data identified an elongate bedrock depression that occupies the north central portion of the Jackson Wash Basin. According to Wright, a large, shallow pediment is indicated surrounding the inner basin. In this area Tertiary rocks should be present beneath a thin cover of Quaternary material. The inner basin is elongate in a north-northeast direction with abrupt sides, suggesting faceting by faults. Depth is on the order of 400 meters (~1,300 feet) with isolated deep points reaching to over 600 meters (~1,970 feet). Steep depth gradients indicate the basin to be fault bounded on most sides. The prominent north-south directed structures represent dilation within the overall right lateral regime of the Walker Lane, and the northeast structures are inferred to be a conjugate set; extensions of the various structures find support in the topography. The southwest corner of the basin tapers into what appears to be a major paleo-channel, which likely fed sediments into the developing basin. Other channels are interpreted to enter from the north and southeast.
Fault structures apparently facet the basin on all sides, resulting in a pronounced north-northeast elongation. Interpreted paleo-channels enter the basin from several directions and probably delivered sediments during basin growth. A particularly well-developed paleo-channel extends along the southwest extension of the basin. Proximity to outcrops of volcanic rocks on the nearby Montezuma Range that have tested high in lithium concentrations coupled with the identified paleo-channels suggest that lithium-bearing sediments and groundwater may be present in the subsurface at Jackson Wash.
FOR MORE INFORMATION
More information on the Jackson Wash 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.
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 ~727,319 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
871 Coronado Center Dr.
Toll Free: 1-888-982-6374
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.
SOURCE AmeriLithium Corp.