LAKE TAHOE, NV, June 1 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce it has recently released its Second Quarter Corporate Presentation and has updated its Corporate website.
Matthew Worrall, Chief Executive Officer of AmeriLithium stated, "We've been working very hard over the last few months, and wanted to ensure that investors have a clear overview of the progress the Company has made."
Both the Website and the Second Quarter Corporate Presentation have been updated to include information on AmeriLithium's latest acquisitions and recent appointment to the Company's Advisory Board. The new information includes details of the Company's specific projects along with photos and maps.
The recently acquired Full Monty Project covers 5,760 acres (9 square miles) in Nye County, NV. The federal placer mining claims lie 25 miles north of Clayton Valley's prime Lithium-mining region. The Full Monty location represents excellent logistics for project exploration and development, including an established road system and high voltage power lines that cross the Company's property. In terms of geology, the area is one of intense Quaternary faulting, The Full Monty gravity low in particular covers roughly 4,800 acres or 7.5 square miles; in comparison, Chemetall Foote's Lithium brine field in nearby Clayton Valley is only 2 square miles and has been producing continuously for 43 years.
The recently acquired Clayton Deep Lithium brine project's placer claims cover 5,280 acres (8.25 square miles), covering the entire Southwest Gravity Low in Clayton Valley, NV. The project lies less than 10 miles southwest of the only US-based Lithium producing plant, operated by Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc. The plant has been in production since 1967, producing an estimated 50 million kg (55,000+ tons) of Lithium to date from the region's rich brines.(1) Chemetall's exploration of the area immediately around the plant extends to within less than one mile of the northeast corner of AmeriLithium's Clayton Deep holdings.(2)
RECENT ADVISORY BOARD APPOINTMENT
AmeriLithium's recently appointed Chief Mining Advisor, Robert Craig, P.E., represents a career of 35+ years with ever-growing engineering and executive experience in the mining, energy, and Lithium industries, as well as an established personal network within the local Nevada Lithium and mining industry. Robert has worked as an engineer on the TransAlaska Pipeline Project, Prudhoe Bay oil fields, for the State of Alaska, served as Environmental Engineer for the $200 million Fort Greely Garrison projects, and acted as Environmental Manager in charge of permitting and compliance on the 10,000 ton/day cyanide heap leach project at Firstgold Corp's Relief Canyon Mine in Nevada. Moving on from his 20-year run as Vice President for Alaska-based Hyak Mining Company, Inc. (Kensington Project) – which included running economic analyses and feasibility studies on mining and development projects – Robert has served as President of Nevada Alaska Mining Co., Inc. since 2004. Based in Lovelock, NV, the company is actively engaged in exploration for minerals in Nevada and Utah; holds royalty interest on over 20,000 acres of claims under exploration; and has vended Lithium (and boron) properties to various Lithium exploration companies, including AmeriLithium. Robert graduated as a Mining Engineer from the University of Alaska in 1972, and is a Registered Civil Engineer.
SECOND QUARTER CORPORATE PRESENTATION
AmeriLithium's Second Quarter Corporate Presentation provides a comprehensive review of the Company's projects and management team, as well as an overview of Lithium, its uses and demand, both current and potential. The Corporate Presentation is available for download in the Investor's section at www.amerilithium.com, or can be obtained by contacting the Company's Investor Relations department.
FOR MORE INFORMATION
More information on the Full Monty and Clayton Deep Projects, Robert Craig, P.E., AmeriLithium's Second Quarter Corporate Presentation, 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 Lake Tahoe, 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,
Matthew Worrall, Chief Executive Officer
297 Kingsbury Grade
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.
Rodinia Minerals Inc website, Feb. 25, 2009
Hydrogeology of Clayton Valley Brine Deposits, Esmeralda County, Nevada. Danny Zampirro, RG, Chemetall Foote Corporation
SOURCE AmeriLithium Corp.