AmeriLithium Announces Promising Results From Drilling Program Sampling on Nevada Based Lithium Project
HENDERSON, NV, June 16, 2011 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce the Company has received promising results from both primary sampling (March 15th to 31st, 2011) taken during the initial drilling, and secondary sampling (May 11th to 12th, 2011) taken from the initial 3 drill holes of the Company's 8-hole drill program on the Paymaster Canyon Lithium brine project in Nevada, USA.
As originally reported on May 4, 2011, (a) the Company had only received its final QA/QC results from one of the two independent laboratories utilized in analyzing the first phase of exploration drilling, and (b) while preliminary results during the reconnaissance drilling itself were highly encouraging, additional detailed analysis based on previously acquired samples as well as additional secondary samples was encouraged.
AmeriLithium has now received results from both ALS and Test America Laboratories, Inc. according to the Company's QA/QC procedures. The sampling results show the presence of Lithium enriched brine in Drill Hole (DH) 8 with elevated water temperatures in both DH8 and DH2. (See further below for detailed comments from AmeriLithium's VP of Exploration & Chief Geologist, Robert Allender.)
Analysis of samples collected from the 3 initial-phase drill holes returned the following results with all units reported in mg/l (ppm):
Analyte |
Drillhole DH-8 |
Drillhole DH-6 |
Drillhole DH-2 |
||||
Range |
Average |
Range |
Average |
Range |
Average |
||
Lithium |
30-48 |
36.5 |
ND |
N/A |
ND |
N/A |
|
Magnesium |
40-62 |
43.4 |
57-62 |
59.3 |
53-60 |
55.3 |
|
Calcium |
230-260 |
244 |
80-92 |
87.3 |
90-100 |
93.3 |
|
Sodium |
8200-9300 |
8787.5 |
160-200 |
186.7 |
140-200 |
180 |
|
Potassium |
700-1000 |
753.8 |
ND-16 |
5.3 |
ND-14 |
4.7 |
|
(ND = No Detection)
These results are promising, and will be used in the development of DH8 and DH2, as well as in the design of AmeriLithium's secondary stage drilling program, which is currently being developed (further program details will be released at a later stage).
"Although our Paymaster Asset still requires further development, its great to have encountered Lithium with our first drilling program for the Company," commented Matthew Worrall, AmeriLithium's Chief Executive Officer. "These results also go to prove the results from our initial stages of exploration (Gravity & CSAMT/MT Surveys). Needless to say, we're encouraged by these initial results, and we now look forward to progressing with the next Paymaster development phase."
DETAILED COMMENTS ON DRILL SAMPLING RESULTS
AmeriLithium's VP of Exploration & Chief Geologist, Robert Allender, commented further on the drill sampling results as follows:
"The results thus far from DH8 along with the elevated temperature gradient in the hole may be indicative of meteoric and/or geothermal water upwelling along the Paymaster Fault which has obtained its heat from deep circulation or it may be in contact with a relatively shallow magma chamber. In any case, the heat source could be the source of lithium-enriched magma that produced the volcanic rocks that may be one of the lithium sources for Clayton Valley."
"DH-2 location results will assist in the placement of Phase II drill holes, DH-1 and DH-3. Elevated groundwater temperatures in DH-2 indicate geothermal activity in the area consistent with possible lithium-bearing brine. The metal concentrations in samples of this water are not, however, consistent with the level of electrical conductivity in this area as shown by the EM survey. Phase II Drill Holes will be located to test this anomaly to a depth of over 350 meters and will be placed southwest of DH-2 closer to the Paymaster Fault. This optimum location will test the center of the gravity and EM survey anomalies previously detected in the North Paymaster area of the property."
The Project is supervised by Robert Allender, AmeriLithium's VP of Exploration and Chief Geologist. Mr. Allender is considered a qualified person, as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information in this release.
FOR MORE INFORMATION
More information on the Paymaster 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 ~724,000 acres, including three 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
Contact:
AmeriLithium Corp.
871 Coronado Center Dr.
Ste. 200
Henderson
Nevada
89052
Phone: |
(702) 583-7790 |
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Fax: |
(702) 583-7791 |
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Email: |
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INVESTOR RELATIONS: |
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Toll Free: |
1-888-982-6374 |
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Email: |
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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.
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