Amerilithium's past geophysical investigations have identified geologic formations and structures that are consistent with the lithium-bearing brine deposit models that are elsewhere present in Clayton Valley. Furthermore, the geophysical signature of these formations and structures suggests they are similar in nature to those currently being exploited for lithium brines at other facilities. Based on the results from the preliminary exploration geophysics, the project warrants further investigation.
The next logical steps in the process of exploration for the Clayton Deep Project include drilling and sampling of the sediments and groundwater in the basin. Physical examination of the drill cuttings and laboratory analysis of water and sediments is the most cost effective way to determine the presence or absence of economic lithium deposits beneath the property. An initial drilling program of 10 holes has been designed and permitted (as of July 11, 2012) through the US Bureau of Land Management (USBLM) and the State of Nevada. The first three holes are designed to test specific structural and stratigraphic targets identified by the geophysical surveys. Based on the success of the first three holes in finding brine aquifers and anomalous lithium contents, the additional seven holes would be placed to expand on the information about hydrogeology and lithium mineralization that might be discovered.
The exploration program will consist of drilling a maximum of 10 reverse circulation drill holes to maximum depth of 2,000 feet (610 meters). Average drill hole depth is anticipated to be approximately 1,400 feet (427 meters). All drill holes will be vertical in orientation.
More information on the Clayton Deep Lithium 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.
Lithium is a lightweight metal used in a wide range of consumer products all over the world: the medical industry uses lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; and 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.
Amerilithium is a publicly traded (OTCQB: AMEL) mining company committed to progressively developing into one of the leading U.S. companies in the global lithium industry. The Company is headquartered in Henderson, NV. Amerilithium has amassed a lithium portfolio consisting of approximately 719,779 acres, including four Nevada-based projects nearby the only lithium producing plant in the U.S., a large project in Alberta, Canada, and a project in Western Australia.
Forward Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
1. Harrop, John, 2009. Technical Report on the Clayton Valley Lithium Property, Esmeralda County, Nevada, prepared for Rodinia Minerals, March 12, 2009, 31p.
871 Coronado Center Dr., Ste. 200
Henderson, Nevada 89052
Phone: (702) 583-7790
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