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American Lithium Reports 1,109 Li ppm over 61 Meters on 1st Drill Hole at TLC Project
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2019) - American Lithium Corp. (TSXV...
About this update from American Lithium Corp.
[{"type":"text","content":"American Lithium Reports 1,109 Li ppm over 61 Meters on 1st Drill Hole at TLC ProjectVancouver, British Columbia--(Newsfile Corp. - March 19, 2019) - American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (FSE: 5LA) (\"American Lithium\" or the \"Company\") a leading acquisition, exploration and development operator is extremely pleased to announce outstanding assay results from the first phase-one drill hole on its 630 ha (1,550 acre), TLC lithium claystone project located just outside the mining centre of Tonopah, Nevada.HighlightsFirst results of 18-hole drill program1,109 Li ppm over 61 meters from a near surface depth of 11m, including 1.5m of 1,615 ppm LiConsistent lithium surface results over 4 square miles, (10 km2) and open in all directionsThe Company is actively staking additional groundDrill hole TLC-1901Top (m)Bottom (m)Interval (m)Grade (Li ppm)Cut off (Li ppm)1.591.59083530010.771.761110960010.745.73511771000 Mike Kobler, CEO of American Lithium notes, \"We identified this initial discovery based on favorable surface grab sampling that returned initial grades as high as 1,380 ppm Li. Given the consistency of surface mineralization across the project, we elected the middle of the claim block as a starting point. From here, we aim to maximize our step-out and build upon the initial drill hole, outcrop and geochemical data to shape our drill targeting and understanding of the basin. Based on the excellent initial results, we're actively staking additional surrounding lands.\"As previously announced, the wholly-owned Tonopah Lithium Claystone (TLC) Project is scheduled for an extensive phase one drill program undertaken by Harris Exploration Drilling and Associates Inc., of Fallon, Nevada. The first phase began mid February and calls for a series of holes at 100m (300 foot) average depths to a maximum of 160m (500 feet) and will encompass a total of 1,600 m (5,000 feet) of 5.5″ diameter reverse circulation drill sampling to increase the scope and eventual valuation of this prospective lithium-bearing claystone-rich environment.In summary, the Company reports the results from the first discovery drill hole indicate limited overburden approximately 1.5 meters thick, with a significant near surface 72-meter-thick lithium enriched area of mineralization. Additional drill results anticipated within the next two weeks...