AmeriLithium Provides Update on First Phase Exploration Drilling Results on Nevada Based Lithium Project

HENDERSON, NV, May 4, 2011 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to provide an update on the laboratory results from the initial 3 holes of the Company's 8-hole drill program on the Paymaster Canyon Lithium brine project in Nevada, USA. While the Company expected to have received results by this date from both the independent laboratories utilized in analyzing the first phase of exploration drilling, the Company is still awaiting confirmation of the results.

Preliminary results during the reconnaissance drilling itself were highly encouraging. Current and ongoing laboratory sample analyses, meanwhile, have encouraged the implementation of additional detailed analysis in the form of ICP - AES (Inductively Coupled Plasma - Atomic Emission Spectrometry), which will test for a range of metals, and the physical parameters of the water for pH, TDS, conductivity, and total alkalinity. The additional analysis will be based on previously acquired samples as well as additional secondary samples to be collected as soon as possible.

Simultaneously, the Company is waiting to receive its final QA/QC results from TestAmerica Laboratories, Inc. before finalizing and reporting details on AmeriLithium's additional testing program.

"We're as eager as our shareholders to have all the laboratory results in," said Matthew Worrall, AmeriLithium's CEO. "Once those results have been received and evaluated, then we'll have the information we need to not only assess Paymaster's potential with greater clarity, but also to plan our next step in exploration and development with the help of our VP of Exploration & Chief Geologist Robert Allender, the rest of the AmeriLithium team, and all the advisors we've had the benefit of working with so far."

Further information and evaluation on the laboratory results and subsequent exploration and development plans will be announced as soon as available. Past exploration results can be found on the AmeriLithium website at www.amerilithium.com.

FOR MORE INFORMATION

More information on the Paymaster Project drill program, 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

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.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED