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American Lithium Corp.
Summary
| Project: | Fish Lake Valley | |
|---|---|---|
| Deposit: | North Playa | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 4/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-4-2017: American Lithium Corp. announces an Exploration/Drilling Update report for its North Playa deposit at the Fish Lake Valley project. Drilling results incl. 1.52m @ 452ppm Li from 0m. American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5 | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Michael Collins (Independent) | |
| ABSTRACT: | American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA; WKN: A2AHEL) (“American Lithium”; or, the “Company”) is pleased to announce brine sample assay results from near surface auger sampling and brine and sediment samples for shallow sonic drilling on the North Playa, Fish Lake Valley, Esmeralda County, Nevada. Results from the final 162 near surface brine samples are presented below. Results from the ALS assays of the complete sample set range from trace to 300 mg/l. “Highs of 300mg/L Li in near surface brine samples and 452 ppm Li in near surface sediments validate the North Playa as a strong exploration target for economic lithium resources,” comments Interim CEO Michael Kobler. “American Lithium looks forward to drill in the North Playa in 2017as soon as surface conditions permit“ Sediment samples collected from the 2016 sonic drilling intersected high near-collar concentrations; BH13B showing an average grade of water soluble Lithium of 276 ppm Li over the upper 10’. Early conceptual modeling (Garrett, DE) and investigation by Oldow suggest deep brine aquifers are structurally controlled and conductivity to the shallow aquifer is facilitated by structural conduits. Results indicate that the aquifers intersected in these locations are not directly linked to the structures responsible for lithium transport to the near surface aquifer. Future drilling and sampling are planned to test the conceptual model, enhance understanding of the controls to Fish Lake Valley’s brine hosted lithium, as well as a more comprehensive investigation of lithium bearing sediments and their economic potential. | |
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