American Lithium Preliminary Hydrometallurgical Testing Demonstrates Potential Low Cost Extraction Opportunity
January 24 2019 - 1:54PM
InvestorsHub NewsWire
Vancouver, BC – January 24, 2019 – American
Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (FSE:
5LA;) (“American Lithium” or the “Company”) is
pleased to report that preliminary hydrometallurgical tests have
been completed on TLC project samples demonstrating that lithium
will effectively leach from the project area claystones with
increased extraction relative to immersion time.
CEO, Mike Kobler states “This news is very exciting. Our
preliminary results from the TLC project validate what we are
looking for in lithium projects; shallow deposits, high grade and
low-cost extraction opportunities. In fact, test results indicated
a greater percentage of leached output in higher grade samples
which is really positive.”
Seven TLC samples were sent for testing at America Assay
Laboratory and processed using ICP-AEP protocols. The samples were
leach tested with a mixed concentrate extraction, beginning with
one-hour agitation in purified water, followed by a progression of
one hour, six hour and twenty-four-hour agitation in up to a 20%
total sulfuric acid solution. Lithium extraction increased
progressively through increased formulation strength and
duration.
Additional testing will evaluate the consumption of chemicals
and the relationship of solution formulation relative to Li
extraction within a 24-hour period. Advanced phase column tests
will commence once the initial curing process provides consistent
data.
American Lithium is evaluating the extraction economics of
selected lithium-enriched claystones from both its TLC and FLV
Projects and expects to report initial results early in 2019.
Employees as well as independent consultants have been tasked with
evaluating potential processing requirements and initiating
advanced studies. Testing includes, but is not limited to,
determination of grain size, agitation requirements, chemical
strength and consumption, water consumption, material balance and
durations. American Lithium’s consultant has established the
testing protocols and management will submit requests for proposals
from select engineering firms in the first half of the year.
“The anticipated outcome could see a game-changing opportunity
in the growth and development of the domestic lithium resource
sector in Nevada,” concludes Kobler. “We are confident our work
will be validated rapidly, and if successful, will provide
significant impetus to the Company and value to its shareholders.
American lithium looks forward to the results of our next phase of
quantifiable hydrometallurgical and drilling efforts in the
region.”
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 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.
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