AmeriLithium Confirms Completion of Initial Data Acquisition for Clayton Deep Lithium Brine Project, and Exploration Start on Full Monty Lithium Brine Project.
HENDERSON, NV, Aug. 31, 2011 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce the completion of initial data acquisition on the Company's Clayton Deep Lithium Brine project in Clayton Valley, Nevada, and commencement of the first stage of its Geophysical exploration on the Company's Full Monty Lithium brine project in Nye County, Nevada, on Tuesday, August 30, 2011, with Magee Geophysical Services ("Magee")
Magee specialize in gravity data collection, and have extensive experience in the region of the Full Monty project, particularly in the Clayton Valley area to the south. 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 Full Monty 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. The gravity survey is expected to take a maximum of 5 days, including mobilization and demobilization.
Magee recently performed similar field work for AmeriLithium on the Company's Clayton Valley-based Clayton Deep project. The Clayton Deep work was completed on Thursday, August 18th, 2011, and the final report should be due in the next 14 days. Recent photos of the Clayton Deep exploration will be added to the AmeriLithium website shortly, and the Clayton Deep report will be filed on the Company's website as soon as it is published.
FULL MONTY PROJECT EXPLORATION
AmeriLithium's Full Monty project represents a 5,760-acre block (9 square miles) of federal placer mining claims that cover the gravity low of the intersection of the Montezuma Trough (gravity) lineament with the Big Smoky Valley lineament. The Full Monty gravity low is roughly 4,800 acres in size (or 7.5 square miles).
"We're extremely happy with the efficiency of the entire Magee team's work to date on our Clayton Deep project, so its great to now be moving forward with them again on our additional properties," said Matthew Worrall, AmeriLithium's Chief Executive Officer. "As noted by Robert Allender, our VP of Exploration and Chief Geologist, gravity lows and geothermal highs in this area of Nevada are clear indications of subterranean sources for the widespread occurrences of precious and base metals, minerals, and in particular, Lithium. And with exploration started we're about to get a much better picture of what those Lithium occurrences might be."
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.
FULL MONTY GRAVITY SURVEY DETAILS
The first phase of geophysical exploration on the Full Monty property will be designed to more fully delineate the Full Monty Low in Nye County, Nevada. The gravity stations will be surveyed at locations as specified by the Company at nominal intervals spaced across the Full Monty property. The total program is expected to gather data from approximately 160 stations. 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 Full Monty 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 ~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
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AmeriLithium Corp. |
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871 Coronado Center Dr. |
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Ste. 200 |
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Henderson |
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Nevada |
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89052 |
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(702) 583-7790 |
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(702) 583-7791 |
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Email: |
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INVESTOR RELATIONS: |
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1-888-982-6374 |
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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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