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American Lithium Expands TLC Project to 4,000 Acres and Demonstrates Mineral Processing Recovery to 90% in Ten Minutes
VANCOUVER, British Columbia, July 11, 2019 (GLOBE NEWSWIRE) -- American Lithium Corp. (“ALC” or “the Company”) (LI.V) (LIACF) (5LA1.F) a leading acquisition, ex
About this update from American Lithium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, July 11, 2019 (GLOBE NEWSWIRE) -- American Lithium Corp. (“ALC” or “the Company”) (LI.V) (LIACF) (5LA1.F) a leading acquisition, exploration and development operator is extremely pleased to provide an update on its promising 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 (50%) 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. Mike Kobler, CEO of American Lithium notes, “With 23 drill holes over a six km square area we haven’t yet fully identified the actual boundaries of the thick beds of TLC lithium claystone mineralization throughout our holdings.” Two core drill holes were drilled to more accurately ...