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American Lithium Reports Highest Grade Assay To-Date and Expands Discovery to Over 2.5 km Strike at TLC Project
VANCOUVER, British Columbia, April 16, 2019 (GLOBE NEWSWIRE) -- American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (FSE: 5LA1) (“American Lithium” or the “Company
About this update from American Lithium Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 16, 2019 (GLOBE NEWSWIRE) -- American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (FSE: 5LA1) (“American Lithium” or the “Company”) a leading acquisition, exploration and development operator is extremely pleased to announce outstanding assay results from the phase one drill program on its growing TLC lithium claystone project (“TLC”) located just outside the regional mining centre of Tonopah, Nevada. Today’s release reports on holes 5 through 7 as well as number 17 of the 18-hole drill program. The assay results for drill hole TLC-1917 were prioritized in order to gain an early assessment of the northern claim area as we commence permitting for our planned phase two drill program. Early indications suggest that the northern grades and thicknesses exceed those identified within our initial discovery drill hole (TLC-1901). Highlights Highest grade interval reported now 1201 ppm Li over 44.2m in hole TLC-1917 Grade and thickness consistent with results of TLC-1901 through TLC-1904 Lithium grades continue to demonstrate consistent grades over wide down hole intervals Extends known mineralization to over 2.5km (1.5 miles) strike and still open to expansion 10 additional drill hole assays are pending Permitting submitted for 10 additional core drill holes Drill Hole ID Top (m) Bottom (m) Interval (m) Grade (Li ppm) TLC-1905 3.0 24.3 21.3 739 and 44.2 61.0 16.8 868 TLC-1906 71.7 86.9 15.2 1098 TLC-1907 3.0 79.2 76.2 855 TLC-1917 44.2 115.8 71.6 1201 Table 1 - Drill Intersections at a Lithium Cutoff Grade of 600 ppm An updated map indicating the locations of the 18-hole drill program is available at: https://www.americanlithiumcorp.com/projects/tlc-nevada/ Mike Kobler, CEO of American Lithium notes, “These results extend the strike of high-grade lithium claystone to over 2.5 km and a width of 0.75 km. Hole TLC-1917 is our highest-grade intersection with 1201 ppm Li over 44.2 m using a 600 ppm Li bottom cut off. With over half of the results of this 18-hole drill program still pending we are demonstrating consistency in mineralisation and thickness of lithium bearing intervals across the project.” Holes TLC-1905, 06, and 07 and 17 all have shallow depths to mineralization and significant continuous mineralization. Drill Hole ID Top (m) Bottom (m) Interval (m) Grade (Li ppm) Bottom Cut Off...