AmeriLithium Confirms Start of 2nd Stage Exploration on Nevada-Based Full Monty Lithium Project
HENDERSON, Nev., Nov. 15, 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 began on November 14, 2011. 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.
The Full Monty project's 1st stage of exploration recently provided positive gravity survey results. Those results were used when planning the 2nd stage of geophysical exploration, which includes more detailed and focused geophysical surveying through a scalar Controlled-Source Audio-Frequency Magneto-Telluric (CSAMT) survey, a low cost geophysical technique commonly utilized in mineral exploration to provide deep geologic information.
The 2nd stage survey is being performed by Zonge International, Inc. (Zonge), and will 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 provide information for the selection and design of additional geophysical surveys. AmeriLithium's consulting geophysicist, Mr. Jim Wright of J.L. Wright Geophysics, will be completing the 2nd stage reports once the data from the survey is received.
Matthew Worrall, AmeriLithium's CEO, commented: "We're excited to be starting another phase of lithium exploration in Nevada. Zonge is an experienced company, so we're expecting to have quality data in our hands very soon. And from there, we'll know how best to proceed toward realizing the full lithium potential of our Full Monty project."
Details of the survey's progress and preliminary findings will be provided as they become available.
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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