Vancouver, British Columbia – April 19, 2021 – Ameriwest Lithium Inc. (CSE:AWLI) (the “Company” or “Ameriwest“) is pleased to announce that it has staked 312 unpatented placer claims, totalling 6,200 acres, in Railroad Valley, Nevada (the “Valley”). The claims, known as the Railroad Lithium Property (“Railroad” or the “Property”), are located 100 miles northeast of Tonopah. Ameriwest management believes that the Property has the potential to host lithium brine deposits that, subject to exploration success, have similar characteristics to deposits found in the Clayton Valley. In this respect we note that North America’s only producing lithium mine, owned by Albemarle Corporation (NYSE:ALB), has been in production in Clayton Valley since 1966.
The Valley was originally identified by the US Geological Survey (“USGS”) as having potential to host lithium bearing brines in its subterranean aquifers beneath the valley floor. The Valley fits the current geological model and understanding of lithium brine deposit occurrences, (as defined by USGS Open File 2013-1006), and is considered analogous to Clayton Valley. Based on the seismic surveys, the Valley is about three times the size of Clayton Valley. It is a closed, arid basin with a high evapotranspiration environment. It also encompasses numerous lakes following the glacial periods that filled the basin and evaporated. The Valley is a classic Basin and Range down-dropped graben that has been infilling with sediments for over 20 million years and has comprised a total thickness reaching up to 2,900 meters in depth.
Ameriwest’s COO, Glenn Collick, commented “We have been working hard to establish Ameriwest as a key lithium exploration company. We are extremely pleased to announce the completion of the staking of Railroad. It will further add to our lithium property portfolio, alongside our Deer Musk East Property located in Clayton Valley. Deer Musk East is located just five miles from Albermarle’s Silver Peak Lithium Mine and also has potential for the discovery of lithium brine deposits.”
About Ameriwest Lithium Inc.
Ameriwest Lithium Inc. is an exploration company focused on identifying potential lithium properties for further exploration and future development. The Company is currently focused on exploring their 5,500 acre Deer Musk East Lithium Property located in the prolific Clayton Valley, Nevada and their 6,200 acre Railroad Valley Lithium Property located in the Railroad Valley, Nevada. The Clayton Valley hosts North America’s only operating lithium mine and the Railroad Valley is an exciting emerging basin for lithium exploration.
Additionally, Ameriwest’s current property portfolio also includes an option to acquire a 100% interest in the ESN Project, located in White Pine County, Nevada, and a 45% interest in the Koster Dam Property, located in the Clinton Mining Division of British Columbia.
On Behalf of the Board of Directors
Chief Executive Officer, Director
For further information, please contact:
COO and a director
The Canadian Securities Exchange has not in any way passed upon the merits of the matters and Private Placement referenced herein and has neither approved nor disapproved the contents of this news release.
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