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American Lithium Commences 2020 Drill Program at TLC Lithium Project, Nevada
VANCOUVER, British Columbia, Feb. 12, 2020 (GLOBE NEWSWIRE) -- American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “Co
About this update from American Lithium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 12, 2020 (GLOBE NEWSWIRE) -- American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) (“American Lithium” or the “Company”) a leading acquisition, exploration and development operator is pleased to report that crews have returned to commence its 2020 drill campaign on the Company’s wholly owned 4,000 acre TLC sedimentary lithium project. Drilling at TLC in 2019 resulted in the completion of 18 RC drill holes totalling 1720 metres and 5 core holes totalling 488 metres for a total of 2208 metres. The work established a large 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. Highlights Highest grade interval reported now 1370 ppm Li over 39.6m in hole TLC-1919, with highest 5 foot (1.52m) interval assaying 2233 ppm Li (1,000 ppm cutoff grade); Grade and thickness consistent with results of drill holes TLC-1901 through TLC-1921; Lithium grades continue to demonstrate consistency over wide down hole intervals; Known mineralization extended to over 2.5km (1.5 miles) strike and still open to expansion north and west; Core holes confirm previous RC drilling results. Harris Exploration Drilling and Associates Inc is scheduled for 5 holes totalling 800 metres (2,500 feet) of 5.5” diameter reverse circulation drill sampling to increase the scope and eventual valuation of this prospective lithium-bearing claystone-rich environment. Lithium claystone mineralization is found consistently across nearly four (4) square miles of the project and appears to extend north and west into the basin. Preliminary hydrometallurgical testing demonstrates that lithium will effectively leach from the project area claystones with increased extraction quantity and quality relative to process times thereby deriving exciting economics and opportunities for highly scalable future commercial extraction scenarios. The drill program calls for 100m (300 foot) average depths to a maximum of 160m (500 feet) which is projected to penetrate the full lithium claystone potential at depth. A Foremost Explorer 1500 RC Drill, matrix 4-dual tube drill pipe will be utilized for drill operations. All drill pads are located on existing roads in order to minimize environmental impact. A Company-owned Laser Induced Breakdown Spe...