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American Lithium intersects thick Lithium-bearing Claystone at TLC North
VANCOUVER, British Columbia, Dec. 01, 2021 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:
About this update from American Lithium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 01, 2021 (GLOBE NEWSWIRE) -- American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | OTCQB:LIACF | Frankfurt:5LA1) is pleased to announce that initial exploration drilling has been launched at TLC North (Big Smoky acquisition land) near Tonopah Nevada. Initial drilling has successfully drilled thick intersections (up to 96.9 m / 318 ft) of lithium-bearing claystone. A drone magnetic geophysical survey is also being flown across a large portion of the TLC project area to provide detailed geophysical information as the Company finalizes the precise positioning of drill collars for its next phase of development drilling under its Plan of Operations filed in January 2021 and expected to receive final approval in mid-late December 2021. Tonopah Lithium Claims (“TLC”) – Exploration Details: 15-hole Reverse Circulation (“RC”) exploration drill program, approved under a new 5-acre Notice, has started at TLC North and East, marking initial drilling in these areas (See Figure 1 – TLC Project Drill Hole Location Map – Holes A-O); 10 holes (approx. 1,400 m / 4,600 ft) are planned at TLC North to test high grade target areas where up to 2,361 ppm lithium recovered from surface grab samples1 (See Figure 1 – Holes A-J) Additional 5 holes (approx. 650 m / 2,100 ft) will also be drilled on newly staked land east of the TLC resource area (See Figure 1 – Holes K-O); 6 vertical RC holes (See Figure 1 - Holes A-F) completed to date at TLC North (1,112.5 m / 3,650 ft) have intersected target claystone horizons near surface immediately beneath alluvial cover 13.7 - 48 m (45 - 157 ft) thick; Claystone stratigraphy intersected ranges from 38 m - 96.9 m (125 - 318 ft) thick; High lithium contents, similar to main TLC deposit, have been recorded in mineralized claystone intersected in southwest holes utilizing a Thermo Scientific Niton Apollo Laser Induced Breakdown Spectroscopy (LIBS) portable analyzer2; Samples from these 6 initial holes have been submitted to American Assay Laboratories in Sparks, Nevada, with results pending; Twinning of several holes within the TLC resource area also planned to test for additional, deeper lithium mineralization, drill to basement to understand basin dynamics and pinpoint depth of water table; A drone magnetic geophysical survey has been launched to provide valuable ...