Amerilithium Corp. (OTCQB: AMEL) ("Amerilithium" or the "Company")
announces that it has received a new technical report (the
"Report") on the Company's Clayton Deep Lithium Brine Project (the
"Clayton Deep Project") in Nevada's Clayton Valley. According to
the Report, the Clayton Deep Project has the potential to contain
economic lithium resources. As such, the Company is developing a
10-hole drilling exploration plan for the Clayton Deep Project that
is designed to identify the presence, quantity, and quality of any
lithium-bearing groundwater present in the property's subsurface.
The Report is available for download on the Amerilithium website
at http://www.amerilithium.com.
The Report is part of Amerilithium's current exploration of its
portfolio of properties with the intent of identifying and
developing lithium resources. Three more reports will follow, one
on each of the Company's remaining three Nevada lithium properties.
Each report will provide an update on the respective project's
stage of exploration and potential drilling plans.
Additionally, Amerilithium's CEO, Matthew Worrall, and VP of
Exploration and Chief Geologist, Robert Allender, arrived in
Australia on March 2, 2013, to help facilitate the commencement of
the Company's drilling program and initial sampling on its
Australian properties.
Matthew Worrall, commented: "The Report summarizes and confirms
the previously released findings of our preliminary geophysical
exploration program on the Clayton Deep Project and suggests the
formations and structures below are similar to those currently
being exploited for lithium production in nearby Clayton Valley.
This phase of exploration was designed to provide the clarification
we need on the best course to move forward. The Report has
confirmed that the status of the Clayton Deep Project has been
received, disseminated and compiled in compliance with 43-101 and
Guide 7 requirements and we believe its findings warrant further
investigation."
REPORT & EXPLORATION PLAN DETAILS
The Report was authored by Robert M. Allender, Jr., CPG, RG, SME
(February 27, 2013), who has personally inspected the property on
numerous occasions since its acquisition in April 2010, and has
been responsible for the planning and implementation of exploration
activities for the Clayton Deep Project and other
Amerilithium-owned properties in the Clayton Valley area.
Although the report does not state any reserves for the
property, it was prepared as a Canadian National Instrument 43-101
Technical Report, in accordance with Form 43-101F1, and qualifies
to be filed with the US Securities Exchange Commission pursuant to
Guide 7, Description of Property by Issuers Engaged or to be
Engaged in Significant Mining Operations.
The Clayton Deep property is comprised of 83 unpatented 80-acre
(32.4-hectare) placer claims totaling 6,640 acres (2,687 hectares).
The claims cover the entire Southwest Gravity Low in Clayton
Valley. The geologic formations that compose the surrounding
mountain ranges contain unusually high concentrations of lithium.
The project's claims lie less than 10 miles southwest of the only
US-based lithium producing plant that has been in production since
1967, producing an estimated 40 million kg (44,000+ tons) of
lithium through 2008 from the region's rich brines.[1]
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.
Additional Information
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.
About Lithium
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.
About Amerilithium
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.
SOURCES: 1. Harrop, John, 2009. Technical Report on the Clayton
Valley Lithium Property, Esmeralda County, Nevada, prepared for
Rodinia Minerals, March 12, 2009, 31p.
Contact: Amerilithium Corp 871 Coronado Center Dr., Ste. 200
Henderson, Nevada 89052 Phone: (702) 583-7790 Fax: (702) 583-7791
Email: info@amerilithium.com Web: www.AmeriLithium.com Investor
Relations: Ryan Troup Toll Free: 1 (888) 982-6374 Email:
ir@amerilithium.com
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