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
Glenn Collick
Chief Executive Officer, Director
For further information, please contact:
Glenn Collick
COO and a director
(778) 868-2226
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.
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
