AmeriLithium to Commence Second Stage of Exploration on Paymaster Project
LAKE TAHOE, NV, July 6 /PRNewswire-FirstCall/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to report that the Company has agreed for the second stage of exploration to commence July 7, 2010, on its Paymaster Project, Clayton Valley, NV.
The second stage Lithium brine exploration survey will be conducted over the Company's Paymaster Project claims to further map depth to bedrock or thickness of sediments, map any geologic structures that may be significant to the occurrence of Lithium brine, and provide more detailed information for the selection and design of a drilling program.
AMERILITHIUM'S NEXT EXPLORATION STAGE
The Company's next phase of exploration will include more detailed and focused geophysical surveying of the depression dimensions and groundwater characteristics by employing Controlled Source Audiomagnegtotellurics / Magnetotellurics (CSAM/MT). CSAM/MT is a geophysical technique commonly utilized in mineral exploration to provide deep geological and geophysical information, and will be used to examine selected areas of the Paymaster Canyon property in more detail.
During the initial gravity survey three significant bedrock elevation lows were identified by the survey and are oriented in a roughly north-south direction along the canyon axis. The main depression is approximately 750 meters wide by 4 kilometers long, and ranges in depth from 200 to 400 meters. Two smaller, shallower bedrock lows were discovered to the south of the main depression. Additional Gravity Survey work will be carried out during the second stage on the most southern low to further extend the previous Gravity Survey in an area not previously recognized to be of significance.
"The objective of this second stage of exploration is to further explore a potential low in the southern end of the canyon and to refine the data from the gravity survey. This will then allow us to more accurately target the potential Lithium brine concentrations, for a drilling program," said Matthew Worrall, AmeriLithium's CEO. "Trusting everything goes to plan, we aim to be ready to move on to the drilling stage of our exploration program in around six to eight weeks, so the completion of this survey will hopefully put us one step closer to the production of domestic Lithium."
ADDITIONAL GRAVITY SURVEY DETAILS
Mr. Jim Hasbrouck, Hasbrouck Geophysics, Inc., Prescott, Arizona, has recommended a nominal total of 96 stations at intervals of 250m, across 7 proposed lines. The Lines will essentially run across the canyon following the long south to north line essentially following the axis of the bedrock elevation low, as determined from the gravity survey.
The project, including mobilization-demobilization, should take approximately 14 days for field completion and another 30 days for the interpretation and final report. The CSAM/MT data will be acquired with a leased StrataGem EH4 CSAM/MT system, operating at frequencies ranging from 10 Hz to 92 Hz, manufactured by Geometrics Inc of San Jose, California, by Jim Hasbrouck, Hasbrouck Geophysics, Inc., Prescott, Arizona, and/or Lorin Stieff or David Wilson, with infrastructure and support supplied by GeoXplor Corp.
The data will be processed by Mr. Jim Hasbrouck using Geometrics' Electro Magnetic Array Profile (EMAP) transform software that calculates the Bostick transform resistivities from the CSAMT/MT data. Subsequently values for each station will be converted into a format compatible with the Tecplot Focus 2009 computer software for presentations as two- and three-dimensional cross sections, as appropriate, in both depth and elevation formats. Mr. Hasbrouck will also interpret the data and write the report.
AmeriLithium's domestic Paymaster Project represents a 5,880-acre claim block adjacent to the Clayton Valley playa, where lithium-rich brines and evaporates have been accumulating for more than 30,000 years, resulting in the highest lithium content found in any brines tested by the US Geological Survey (USGS) in southwestern US playas and basins(1).
Clayton Valley is home to the only US-based lithium producing plant, operated by neighboring 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(2).
FOR MORE INFORMATION
More information on AmeriLithium's exploration program on its Paymaster Project in Nevada, 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,
AmeriLithium Corp.
Matthew Worrall, Chief Executive Officer
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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.
(1) NI 43-101 Technical Report by Coast Mountain Geological Ltd for Rodinia Minerals Inc, Mar. 12, 2009
(2) Rodinia Minerals Inc website, Feb. 25, 2009
SOURCE AmeriLithium Corp.
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