AMERICAN
LITHIUM PREPARES
TO
DRILL
TLC NEVADA
LITHIUM CLAYSTONE PROJECT
Vancouver,
BC,
February
5,
2019
American
Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt:
5LA;)
("American
Lithium" or the "Company") a leading acquisition,
exploration and development operator is pleased to report
that
it has
engaged
Harris
Exploration Drilling and Associates Inc., of Fallon Nevada,
to commence drilling on its
630 ha
(1,550
acre), TLC lithium claystone project
located minutes from the mining centre of Tonopah,
Nevada.
The
wholly-owned Tonopah Lithium
Claystone (TLC) Project is scheduled for
1,600 m
(5,000
feet) of 5.5" diameter reverse
circulation drill sampling to increase the scope
and eventual
valuation of this prospective lithium-bearing
claystone-rich environment. Previously,
twenty-two
(22) grab samples were analysed
returning average grade of 656.5 ppm
Li.n with a (Li)ithiumlgrades ranging from 129.5 to
1380 parts per million (ppm)
-
Lithium claystone
mineralization is found consistently across nearly four (4) square miles of the project
and
appears to extend in all
directions.
-
Preliminary
hydrometallurgical testing demonstrates that lithium will
effectively leach from the project area claystones with increased
extraction quantity and quality
relative to
immersion times thereby deriving exciting
economics and opportunities for highly scalable future commercial extraction
scenarios.
The
drill program calls
for
100m
(300 foot) average depths to a maximum of
160m
(500
feet) which is projected to
penetrate
the full lithium claystone
potential at
depth.
A Foremost
Explorer 1500 RC Drill, matrix 4-dual tube drill pipe will be
utilized for drill
operations. All drill pads are
located
on
existing
roads in order to
minimize environmental
impact. A Company-owned
Laser Induced
Breakdown Spectrometer (LIBS) will be utilized to screen
assay samples
prior to dispatch
to the lab.
Mike
Kobler, CEO of American
Lithium, notes "With this drilling
program, we look forward to
determining the depth extension of the regional lithium claystone
target
which
we believe
holds great
promise as this particular
mineralization could represent ."growth of the domestic
lithium resource sector in Nevada to meet the inevitable
resurgence and poisedopportunity
extraction
game-changing
economically
advantageous and highlya
About
American Lithium Corp.
American
Lithium is actively engaged in the acquisition, exploration and
development of lithium deposits within mining-friendly
jurisdictions throughout the Americas. The Company is currently
exploring and developing two projects, the FLV and TLC Projects, in
the highly prospective Esmeralda Lithium District in Nevada. These
projects, within 48 km
(30
miles)
of each
other, are close to infrastructure, 3.5 hours south of the Tesla
Gigafactory, and in the same basinal environment as Albemarle's
Silver Peak Lithium Mine, and the advancing deposits and resources
including Ioneer Inc.'s (formerly
Global
Geosciences) Rhyolite Ridge and Cypress Development Corp's Clayton
Valley Project.
The technical
information within this news release has been reviewed and approved
by Michael Collins, P.Geo., a consultant to the Company and a
qualified person under National Instrument 43-101.
For more
information, please contact the Company at info@americanlithiumcorp.com
or visit our
website at www.americanlithiumcorp.com.
Follow us on Facebook, Twitter and LinkedIn.
On behalf of the
Board,
American
Lithium Corp.
Michael Kobler,
Chief Executive Officer
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
Forward-looking statements
Statements
in this release that are forward-looking information are subject to
various risks and uncertainties concerning the specific factors
disclosed here. Information provided in this release is necessarily
summarized and may not contain all available material information.
All such forward-looking information and statements are based on
certain assumptions and analyses made by American Lithium
management in light of their experience and perception of
historical trends, current conditions and expected future
developments, as well as other factors management believes are
appropriate in the circumstances. These statements, however, are
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected in the forward-looking information or statements.
Important factors that could cause actual results to differ from
these forward-looking statements include those described under the
heading "Risks Factors" in American Lithium's most recently filed
MD&A. The Company does not intend, and expressly disclaims any
obligation to, update or revise the forward-looking information
contained in this news release, except as required by law. Readers
are cautioned not to place undue reliance on forward-looking
information or statements.