September 28, 2011
AmeriLithium Announces Positive Gravity Survey Results & Expansion of Clayton Deep Lithium Project
AmeriLithium Corp. (OTC Bulletin Board: AMEL) is pleased to report positive results from a gravity survey completed on the Company’s Clayton Deep lithium brine project in Clayton Valley, Nevada, and the strategic expansion of that project by 1,360 acres.
In August 2011, Magee Geophysical completed a gravity survey on AmeriLithium’s Clayton Deep property. Jim Wright of J.L. Wright Geophysics analyzed and interpreted the survey’s data, which clearly recommend further exploration of the property. In particular, the results indicated the presence of a well-formed basin, evidently filled with Quaternary sediments while being highly prospective for lithium-bearing groundwater. Basin sediments are expected to be similar in nature to those from which Clayton Valley lithium production has historically been confined. The presence of drainage patterns showing evidence of fluid migration from Clayton Valley proper (to the north and east) and Silver Peak Range rocks (to the west) suggests hydraulic connection with several potential sources of lithium-rich groundwater. Additional survey result details appear further below.
The gravity survey also identified that the northwest area of the targeted Southwest Gravity Low extended outside of the Company’s original Clayton Deep claim. In turn, AmeriLithium expanded its Clayton Deep project holdings on September 23, 2011, by executing a definitive agreement, thereby acquiring a 100% interest in 17 mining claims totaling 1,360 acres. By acquiring the 17 claims, AmeriLithium’s Clayton Deep project now covers the entire Southwest Gravity Low, and represents a total of 6,640 acres (10.38 square miles), all of which were covered by the Magee gravity survey. The rights to the additional 17 claims were obtained by way of an additional agreement with Nevada Alaska Mining Co., Inc., whom the original Clayton Deep claims were purchased from.
AmeriLithium’s Southwest Low is a viable size lithium brine exploration target, covering approximately 2,200 acres or 3.4 square miles. Less than 10 miles to the northeast, Chemetall Foote Corporation’s lithium brine recovery wells have been producing continuously for 43 years. The Chemetall plant is the only US-based lithium producing plant, producing an estimated 50 million kg (55,000+ tons) of lithium to date from the region’s rich brines.
“These are exciting gravity survey results,” said Matthew Worrall, AmeriLithium’s Chief Executive Officer. “And it’s great to have such a clear indication that our continued exploration of Clayton Deep is warranted. And now that we’ve had the good fortune of strategically expanding our Clayton Deep project to control the entire Southwest Gravity Low, we’re in the ideal position to identify and maximize on the project’s full lithium production potential.”
All information regarding the Clayton Deep gravity survey and acquisitions will be released to the Company’s website at http://www.AmeriLithium.com in the next few weeks, along with additional information relating to the recently acquired Nevada-based Jackson Wash lithium project.
ADDITIONAL SURVEY RESULT DETAILS
Historically, a large scale US Geological Survey (USGS) gravity survey in 1975 found two gravity lows (-210 milligals) in the south end of Clayton Valley. Today, the South Central Low is controlled by Rodinia Minerals while the Southwest Low is controlled by AmeriLithium through the Clayton Deep project (to the immediate west of Rodinia Minerals).
Reporting on the August 2011 gravity survey on AmeriLithium’s Clayton Deep property, Jim Wright of J.L. Wright Geophysics, wrote that “the gravity survey agrees well with regional USGS data and reveals a basin with two distinct portions.” The well-formed basin is evidently filled with Quaternary sediments, making for a highly prospective exploration target for lithium-bearing groundwater.
The data shows an extraordinary structural depression underlying the Clayton Deep claim block. The resolution of the data is of such high quality that geologic structures bordering the basin and paleo-stream channels are clearly evident in the data analysis. The basin measures approximately 3.1 miles (5,000 meters) in the northeast-southwest direction, and 3.7 miles (6,000 meters) in the northwest-southeast direction, encompassing surface area of about 7,400 acres (2,960 hectares). Basin depth exceeds 4,265 feet (1,300 meters) in two locations within the basin.
The survey results indicate the major fault structure on the southwest edge of the basin appears to have a significant vertical displacement on the order of 1,100 to 1,200 feet (334 to 365 meters). Paleo-channels are also evident entering the basin from the north, east, and west of the basin. These incised channels indicate drainage of fluids and transport of sediments into the basin from Clayton Valley to the north and east and from the Silver Peak Range on the west.
FOR MORE INFORMATION
More information on the Clayton Deep 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 ~727,779 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,
Matthew Worrall, Chief Executive Officer
871 Coronado Center Dr.
Phone: (702) 583-7790
Fax: (702) 583-7791
Toll Free: 1-888-982-6374
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.
1 Rodinia Minerals Inc website, Feb. 25, 2009