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American Lithium Closes Acquisition of Atlantis Lithium Claims in Fish Lake Valley, Nevada
American Lithium Closes Acquisition of Atlantis Lithium Claims in Fish Lake Valley, Nevada...
About this update from American Lithium Corp.
[{"type":"text","content":"\n\n\n\nAmerican Lithium Closes Acquisition of Atlantis Lithium Claims in Fish Lake Valley, Nevada\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAmerican Lithium Closes Acquisition of Atlantis Lithium Claims in Fish Lake Valley, Nevada\nCanada NewsWire\nVANCOUVER, May 17, 2016\n\n\n\nVANCOUVER, May 17, 2016 /CNW/ - American Lithium Corp. (TSXV: Li) (\"American Lithium\" or the \"Company\"), is pleased to announce that it has completed the acquisition of 1065604 B.C. Ltd. (\"1065604\"), a private British Columbia company which holds the option to earn an undivided 80% interest in the Atlantis lithium property (\"Atlantis\") located in Fish Lake Valley, Esmeralda County, Nevada.  As previously announced in the Company's news release dated May 9, 2016, Atlantis is comprised of unpatented placer claims and placer association claims totaling 2,882 acres (1,166 hectares), located approximately 25 miles (38 kilometres) northwest of the Silver Peak lithium brine mine operated by Albemarle Corporation (NYSE: ALB), the only producing lithium mine in North America.\n\nAmerican Lithium CEO Michael Kobler said, \"The acquisition of these additional lithium brine claims demonstrates our commitment to the Fish Lake Valley project area where the Company now holds approximately 10,000 acres of highly prospective claims.  The Company is planning to restart exploration of the Atlantis property during the second half of 2016 including twinning of historical exploration drill targets, well brine sampling and geo-hydrological surveys, along with analysis of historical data with the goal of proving up historical data.\"  Mr. Kobler further commented, \"American Lithium continues to advance its stated objective of evaluating and acquiring strategically located lithium projects in mining-friendly jurisdictions throughout the Americas.\"\n\nAtlantis Lithium PropertyAtlantis is the subject of an option agreement between Nevada Sunrise Gold Corporation (\"Nevada Sunrise\") and a Nevada-based property vendor.  With the closing of the acquisition of 1065604, American Lithium now...