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American Lithium to Acquire Atlantis Property in Fish Lake Valley, Nevada - Adds 2,882 Acres to its Lithium Portfolio
American Lithium to Acquire Atlantis Property in Fish Lake Valley, Nevada - Adds 2,882 Acr...
About this update from American Lithium Corp.
[{"type":"text","content":"\n\n\n\nAmerican Lithium to Acquire Atlantis Property in Fish Lake Valley, Nevada - Adds 2,882 Acres to its Lithium Portfolio\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAmerican Lithium to Acquire Atlantis Property in Fish Lake Valley, Nevada - Adds 2,882 Acres to its Lithium Portfolio\nCanada NewsWire\nVANCOUVER, May 9, 2016\n\n\n\nVANCOUVER, May 9, 2016 /CNW/ - American Lithium Corp. (TSXV: LI) (\"American Lithium\" or the \"Company\") is pleased to announce that it has entered into an agreement to acquire all of the outstanding share capital of 1065604 BC Ltd. (\"1065604\"), a private British Columbia mineral exploration company that holds a right to acquire a series of 69 placer claims and 19 association placer claims, comprising a total of 2,882 acres, located in Esmeralda County, Nevada, and known as the Atlantis Property, (\"Atlantis\", or the \"Property\").\n\nMichael Kobler, Chief Executive Officer of American Lithium, commented \"We are excited about adding the Atlantis claims in Fish Lake Valley, growing our Nevada lithium portfolio to over 10,000 acres. By combining the geologic data sets generated by both Lithium Corp. and Nevada Sunrise Gold Corporation in the Fish Lake Valley, American Lithium has determined that the geologic and structural features are strongly analogous to the structural and geologic settings at Albemarle's Silver Peak Lithium-Brine operation at Clayton Valley, 25 miles to the southeast.  Detailed gravity data acquired by Nevada Sunrise last season confirms gravity lows or basement troughs beneath both the Nevada Sunrise and the Lithium Corp acreage.  The structural data confirms a bounding northeasterly striking fault, with northeasterly crossing faults, rich in hydrothermal enriching conduits.  The team at American Lithium, given the new data, is now implementing a development program to exploit the Fish Lake Valley assets.\"\n\nAbout Atlantis Atlantis is located in a desert basin that exhibits similar geological and geophysical characteristics to the Clayton Valley basin where lithium brines are known to accumulate...