VANCOUVER, British Columbia, Sept. 20, 2021 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or the “Firm”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and growth firm, is happy to announce it has it has staked 847 placer mineral claims protecting an space of 16,940 acres within the Edward’s Creek Valley, Nevada (“ECV” or the “Property”). Ameriwest has successfully tied up your entire valley, an space roughly 8.25 miles lengthy and three.25 miles huge in measurement. The Firm believes the mineral claims are extremely potential for the invention of lithium brines deposits.
David Watkinson, President and CEO of Ameriwest said, “ECV reveals comparable geologic traits of the Clayton Valley, which accommodates North America’s solely working lithium mine, which is operated by Albemarle Company. Ameriwest’s technical group has acknowledged the potential of the valley and the Property as a probable host for lithium brine deposits, and we’re excited to maneuver ahead with a geophysics examine to realize an understanding of the subsurface potentialities for lithium brines which may be hosted in varied aquifers.”
ECV is a playa in a hydrologically closed basin in north central Nevada. Earlier work by america Geological Survey (“USGS”) discovered anomalous concentrations of lithium within the playa. The Property has been characterised to include saline alkaline fluids at depth and there’s direct geothermal fluid enter into the basin with geothermal vitality manufacturing potential. See determine 1.
A graphic accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/49dfb3a9-7bfd-4855-a971-8218d2b5bdad
ECV is strategically positioned two hours east of the Tesla Gigafactory and a pair of.5 hours north of Albemarle’s Silver Peak operation in Clayton Valley. There may be direct freeway entry, energy, and the Property is positioned close to the cities of Fallon and Austin.
Lithium brines within the area are identified to build up in valleys with the next traits:
- An arid local weather
- Hydrologically closed basin with a playa
- Tectonically pushed basin growth
- Related geothermal exercise
- Surrounding felsic rhyolite potential supply rocks
- A number of sufficient aquifers
- Adequate geologic time to pay attention a brine
All these situations are met inside the Edwards Creek Valley (ECV). See determine 2.
A graphic accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/48d28b73-0e10-4ba8-ac30-310c6ffcb135
The adjoining Smith Creek Valley has been explored with outcomes of as much as 470 ppm lithium in floor sampling of the salt flats surrounding scorching springs. Smith Creek Valley is positioned on the entrance of its mountain vary that’s shared with ECV (supply: The Nevada Mineral Business, Nevada Bureau of Mines, Particular Publication MI-2017). The Smith Creek Valley Challenge is being superior by Iconic Minerals Restricted. Moreover, ECV is surrounded by felsic tuffs that may very well be potential supply rocks for lithium, like discovered on the periphery of Clayton Valley.
Word that the neighborhood or similarity of ECV to properties positioned in Clayton Valley or Smith Creek Valley doesn’t assure that mineral sources or reserves shall be outlined at ECV.
In associated information, as a part of its dedication to efficient governance, Ameriwest is happy to announce the appointment of Melissa Vettoretti to the place of Company Secretary. Vettoretti brings intensive expertise on this necessary position for a number of publicly listed firms and replaces Mr. Sam Eskandari who continues to serve on the Firm’s board.
Ameriwest invitations stakeholders and shareholders alike to contact our investor relations group or go to our website and sign-up for normal information alerts which can assist present well timed updates of ongoing actions. Firm administration believes strongly in common communications, updates, and reviews from the sector, as an necessary facet of growing informative and helpful engagement because the Firm continues to assist discover and develop the thrilling and quickly evolving lithium sector.
On Behalf of the Board of Administrators,
President and Chief Govt Officer
For additional data, please contact:
Invictus Investor Relations
Tel: +1 (60)4 343-8661
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)
Ameriwest Lithium Inc. is a Canadian-based exploration firm with a deal with figuring out strategic lithium mineral useful resource tasks for exploration and growth. The Firm is presently centered on exploring Nevada’s Deer Musk East property, positioned within the prolific Clayton Valley, totalling 5,600 acres, the Railroad Valley property, totalling 6,200 acres and Edwards Creek Valley totalling 16,940 acres. Moreover, Ameriwest’s present useful resource portfolio contains the ESN Challenge, positioned in White Pine County, Nevada, and the Koster Dam property, positioned within the Clinton Mining Division of British Columbia, wherein Ameriwest has a forty five% curiosity.
For extra data go to: https://ameriwestlithium.com/.
Warning Relating to Ahead-Trying Info
Sure statements contained on this information launch could represent ahead‐wanting data. Ahead‐wanting data is commonly, however not all the time, recognized by way of phrases resembling “anticipate”, “plan”, “estimate”, “anticipate”, “could”, “will”, “intend”, “ought to”, and comparable expressions. Ahead‐wanting data entails identified and unknown dangers, uncertainties and different components which will trigger precise outcomes or occasions to vary materially from these anticipated in such ahead‐wanting data. The Firm’s precise outcomes might differ materially from these anticipated on this ahead‐wanting data because of regulatory choices, aggressive components within the industries wherein the Firm operates, prevailing financial situations, adjustments to the Firm’s strategic progress plans, and different components, a lot of that are past the management of the Firm. The Firm believes that the expectations mirrored within the ahead‐wanting data are affordable, however no assurance could be provided that these expectations will show to be appropriate and such ahead‐wanting data shouldn’t be unduly relied upon. Any ahead‐wanting data contained on this information launch represents the Firm’s expectations as of the date hereof and is topic to alter after such date. The Firm disclaims any intention or obligation to replace or revise any ahead‐wanting data whether or not because of new data, future occasions or in any other case, besides as required by relevant securities laws.
The Canadian Securities Trade has not in any means handed upon the deserves of the issues referenced herein and has neither authorized nor disapproved the contents of this information launch.