AmeriLithium Announces Positive CSAMT Survey Results on Nevada-Based Clayton Deep Lithium Brine Project
HENDERSON, NV, Jan. 10, 2012 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce positive results from its 2nd stage controlled source audio magneto-telluric (CSAMT) survey on the Company's Clayton Deep lithium project. Results from a previous gravity survey were used to place the CSAMT survey lines over two deep zones in the central portions of the Clayton Deep basin. The stratigraphic and structural detail shown in the CSAMT data for both survey lines indicates the presence of highly conductive layers that are indicators of brines below the surface within the Company's claim block.
Zonge International completed the CSAMT survey on December 4th, 2011, and the report detailing the survey has been received from J.L. Wright Geophysics. Wright compiled and interpreted the data collected by Zonge with the objective of defining structures and stratigraphy in the basin as an aid to the development of a lithium brine test drilling program. According to Wright, delineation of possible lithium bearing aquifers and inter-basin structures is critical to the exploration effort.
Of particular interest in the report's findings is the presence of low resistivity in sedimentary layers within the Clayton Deep basin and their proximity to basin-edge faults; while these findings are highly suggestive of brine aquifers, they do not guarantee the presence of economic lithium-bearing brine concentrations. Rather, the only true test for economic concentrations of lithium is drilling, groundwater sampling, and laboratory analysis, which comprise the next step in AmeriLithium's exploration process.
Three drillhole locations have been identified based on the CSAMT results. Drilling depths are anticipated to be between 250 and 400 meters (820 and 1300 feet). Drillholes will be designed to penetrate into the low-resistivity unit enabling the collection of water samples for analysis. An additional target will be the base of the conductive layer in order to confirm the stratigraphy in the basin.
[Additional survey and report details are provided further below, and the full report is also available for download on the Company's website at http://www.AmeriLithium.com.]
Matthew Worrall, AmeriLithium's CEO, commented: "We're excited to have yet another positive indicator of the Clayton Deep project's lithium-bearing potential. And the quality of this report's information will be invaluable as we proceed with planning and executing our exploratory drill program on the project. In the meantime, I'm looking forward to receiving the final CSAMT reports on our Full Monty and Jackson Wash projects."
AmeriLithium owns 100% of the 5,280-acre (8.25 square mile) Clayton Deep lithium brine project assets, covering the entire Southwest Gravity Low in Clayton Valley. The Clayton Deep project's placer claims lie less than 10 miles southwest of the only US-based lithium producing plant, operated by Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc.
ADDITIONAL SURVEY & REPORT DETAILS
The Clayton Deep CSAMT survey was performed along 2 established survey lines (as identified from the results of the recently completed gravity survey) totaling approximately 12,000 meters, using 50-meter station spacings. Once the data from the survey was received, AmeriLithium's consulting geophysicist, Mr. Jim Wright of J.L. Wright Geophysics, completed the corresponding 2nd stage report, which found that sedimentary units are evident in the interpreted data along both survey lines. Distinct low-resistivity layers stand out on both survey profiles as separate from high-resistivity beds above and below. Of note is the presence of a low-resistivity layer approximately 150 meters thick lying between 100 and 250 meters below the surface. This layer dips slightly to the northeast at the southern end of survey Line 1 but is nearly flat-lying across the extent of the identified Clayton Deep basin. The layer is persistent horizontally to the northeast for nearly 4.5 kilometers.
Volcanic ash, sand, and gravel layers are the host units for groundwater aquifers in Clayton Valley from which Chemetall Foote has produced lithium since the 1960s. These units appear as low-resistivity formations in the CSAMT profiles. Additional evidence of brine accumulation may be indicated by the clearly identifiable faults on the southwest edge of the property that were first evident in the previous gravity survey. According to Chemetall reports, the presence of highly conductive (low resistivity) sedimentary units in proximity to basin-bounding faults is an important indicator of the presence of brines in Clayton Valley.
FOR MORE INFORMATION
More information on the Clayton Deep 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 ~727,319 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,
AmeriLithium Corp.
Matthew Worrall, Chief Executive Officer
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contact:
AmeriLithium Corp
871 Coronado Center Dr.
Ste. 200
Henderson
Nevada
89052
Phone: (702) 583-7790
Fax: (702) 583-7791
Email: [email protected]
Facebook: www.facebook.com/AmeriLithium
Twitter: www.twitter.com/amerilithium
Web: www.AmeriLithium.com
INVESTOR RELATIONS:
Toll Free: 1-888-982-6374
Email: [email protected]
SOURCE AmeriLithium Corp.
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