AmeriLithium Confirms Completion of 2nd Stage Exploration on Full Monty Lithium Project & Commencement of 2nd Stage Exploration on Clayton Deep Lithium Project
HENDERSON, NV, Nov. 30, 2011 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to confirm the 2nd stage of exploration on the Company's Full Monty lithium project was completed on November 29, 2011, and that the 2nd stage of exploration on the Company's Clayton Deep lithium project is to commence on November 30, 2011.
The 1st stage of exploration on each of the Nevada-based projects recently provided positive gravity survey results. The 2nd stage of geophysical exploration involves scalar CSAMT surveys (Controlled-Source Audio-Frequency Magneto-Telluric) to map geologic stratigraphy and structure relative to the occurrence of lithium brine; identify conductors that are thought to be representative of lithium bearing brine; and to provide information for the selection and design of additional geophysical surveys. Zonge International, Inc. (Zonge) performed the 2nd stage survey on the Full Monty project, and is performing the 2nd stage survey on the Clayton Deep project.
The Clayton Deep CSAMT survey will be 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. The survey is expected to take 9 to 10 days to complete. Deliverable products will consist of a digital data acquisition logistics report covering data acquisition and including a line location map and pseudo sections of observed Cagniard resistivity and impedance phase data.
Once the data from each of the Full Monty and Clayton Deep surveys is received, AmeriLithium's consulting geophysicist, Mr. Jim Wright of J.L. Wright Geophysics, will be completing the corresponding 2nd stage reports.
Matthew Worrall, AmeriLithium's CEO, commented: "We're fortunate to have the expertise of Zonge and Jim Wright working on our behalf throughout these latest Nevada-based exploration efforts. By working together, we're able to gather and interpret the quality data we need to continue moving toward our end goal: maximizing on the lithium potential of these, and all, our strategic lithium projects."
Details of further 2nd stage exploration progress and preliminary findings will be provided as they become available.
LITHIUM PROJECT SUMMARIES
FULL MONTY: The Full Monty Project represents a 5,300-acre block (8.25 square miles) of federal placer mining claims in Nye County, Nevada, 25 miles north of Clayton Valley's prime lithium-mining region. The project covers the gravity low of the intersection of the Montezuma Trough (gravity) lineament with the Big Smoky Valley lineament. Gravity lows such as the Full Monty Gravity Low are thought to be traps for lithium-bearing groundwater.
CLAYTON DEEP: 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.
FOR MORE INFORMATION
More information on AmeriLithium's exploration activities, 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 ~727,419 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
Contact:
AmeriLithium Corp
871 Coronado Center Dr.
Ste. 200
Henderson
Nevada
89052
Phone: (702) 583-7790
Fax: (702) 583-7791
Email: [email protected]
Web: www.amerilithium.com
INVESTOR RELATIONS:
Toll Free: 1-888-982-6374
Email: [email protected]
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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