American Lithium
Confirms TLC Project Discovery with
Latest
High-Grade
Results
-
Drill program extends
consistent
grades and widths
to
over
1
km
to date
Vancouver, British Columbia, Canada -- April 3, 2019 --
InvestorsHub NewsWire -- American
Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (FSE:
5LA) ("American
Lithium" or the "Company") a leading acquisition, exploration and
development operator is extremely
pleased
to announce
outstanding
assay results
from the latest
three drill
holes on it's
growing TLC lithium
claystone project located just
outside the mining
centre of Tonopah, Nevada.
Highlights
-
Grade and
thickness consistent with results of TLC-1901 discovery
hole reported March
19, 2019
-
Consistent
grades over wide down hole intervals
-
Extends know
mineralization to over 1km (0.6 miles) strike and open to
expansion
-
The
TLC claim package has been expanded to the North, South and the
West
-
14
additional drill holes and
respective assays are
pending with further
results anticipated within two weeks.
Mike
Kobler, CEO of American Lithium notes,
"The high-grade
lithium mineralization
confirmed
in
these three drill holes is consistent with the grades and
interval
widths
identified
in
our discovery drill hole. With confirmed grades
at
over 1 km
in
strike length we are now
looking to step out
further for
drill
results to
2.5
km and beyond.
These
results
clearly
support and
validate our surface sampling and further demonstrate the
potential for the TLC project to host a significant lithium
sedimentary
deposit
across much, if
not all of the project area."
Drill holes
TLC-02, 03, and 04 all have shallow depths to mineralization and
significant uniformly continuous mineralization as shown
below:
A
map indicating the locations of the 18-hole drill program is
available at:
https://www.americanlithiumcorp.com/projects/tlc-nevada/.
The
TLC claystone target is defined
as a
near-surface,
relatively flat laying, free digging lithium target which is easily
accessible by road
and
only 12 miles from the mining center of Tonopah,
Nevada.
It's
also just south of the
Crescent Dunes Solar Energy Plant and
source of
the
cheapest electricity in Nevada. Fourteen (14)
additional drill targets are at varying stages of activity with
another round of at least four (4) additional assay results due
within the next two weeks. Additional results will
aid
in the determination of area-wide grade and thickness
for
project valuation purposes. Company
management looks forward to providing further results as they
become available.
QA/QC
Statement
Drilling
was
conducted by
Harris
Exploration
Drilling and Associates Inc., of Fallon,
Nevada
utilizing a
"1500
Explorer"
reverse
circulation rig with a
5
diameter
hole
with face centred bit. Sampling was conducted using a riffle
splitter or a cyclone splitter depending on the
moisture
content of the
sampled material. Sampling was conducted over 5-foot
(1.52m)
intervals. Sample custody
was maintained by the company's consultants throughout the sampling
and logging process. The company has
a rigorous QA/QC program utilizing blanks, duplicates and a high
and a low-grade lithium
standard
material.
Duplicates and standard material are inserted into the sample
stream on a 5% and 5%
basis,
and
blank material was inserted into the sample
stream. Samples were
sent to American Assay Laboratories in Sparks Nevada for analysis
utilizing the ICP-MS analysis protocol.
Selected check assays samples were sent to the Bureau Veritas in
Reno/Vancouver for analysis by ICP-MS.
About American Lithium Corp. (TSX.V: LI) (OTCQB: LIACF) (FSE: 5LA)
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 its
TLC
and
FLV Projects
located
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 similar
mineralization characteristics 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.
American Lithium
is a Venture 50 company. 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.