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AMLM

American Lithium

$0.00

(0.00%)

09:00
07/11/19
07/11
09:00
07/11/19
09:00

American Lithium expands TLC project to 4,000 acres

American Lithium provides an update on its TLC sedimentary lithium project located just 12 kilometers from the regional mining centre of Tonopah, Nevada. Highlights: Drilling: Core samples from 5 drill holes confirm stratigraphic and extension of mineralized lithium horizon over 6 square kilometers. An additional 5 reverse circulation drill holes have been permitted and the Company is waiting for drill rig availability to drill these holes. Assay results for the core holes are pending. Processing: 2nd phase leach testing returned exceptional results indicating a 90% Lithium extraction in 10 minutes with a fifty percent reduction in reagent consumption. The results confirmed continuous process capability for lithium recovery at scale. The Company therefore believes processing scalability will not limit the scope or size of a proposed mining operation. Permitting: The Company has strategically expanded its acreage position to 1650 ha or 4,000 acres in 200 lode claims. Resource Study: Company has engaged renowned sediment hosted lithium expert, Jerry Aiken, to produce a maiden lithium resource estimate. Preliminary mineralogy indicates dominance of lepidolite. Mass balance suggests significant free lithium in addition to the lithium present in the lepidolite. Milestones: American Lithium officially moves from exploration into resource delineation drilling. Company establishes geological and permitting field office and sample processing facility in Tonopah Nevada. Counter-current leach tests initiated. Focus on reagent consumption, temperature and resulting economics. Commencement of environmental studies towards a Plan of Operations. Completes all required spring season biological surveys. Engages Nevada Water Resource Professional to validate water availability as preliminary investigations indicate multiple sources with adequate capacity.

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