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EDWARDS CREEK VALLEY, NEVADA
Edwards Creek Valley (ECV) is a playa in a hydrologically closed basin in north central Nevada containing 1,243 contiguous claims totalling 22,200 acres.
The Company believes ECV, located about 120 miles east of Reno, Nevada, has the potential to host a large lithium brine deposit based on geophysical studies done on the Property to date. A large gravity low was discovered during a recent gravity geophysical program at the ECV and it is believed this low may delineate a basin that has have potential to host brine deposits similar in characteristics to those located in Clayton Valley, Nevada, subject to exploration success.
Edwards Creek Valley also exhibits the geologic features for a lithium brine exploration target, which are:
There is direct highway access, power, and the property is located near the towns of Fallon and Austin.
Ameriwest retained Tom Carpenter, consulting geophysicist, to conduct a Phase 1 gravity study of its ECV claims. Field work was completed from November 11, 2021. through November 19, 2021. Results from this gravity survey indicated a large geophysical low on Ameriwest’s claim block, extending to the northeast off the claim block. Ameriwest has subsequently staked an additional 414 claims (bringing total number to 1,243 coniguous claims) to ensure the gravity low anomaly is effectively captured within the Company’s expanded claim block. The gravity low is interpreted to be a large depression, filled with sediments, which is part of a closed valley basin. These that has potential conditions are needed to host large lithium brine deposits. Note: is “large” too promotional? I omit it since we can’t prove that a large one exists.
Ameriwest retained Tom Carpenter, consulting geophysicist, to conduct a Phase 1 gravity study of its ECV claims. Field work was completed from November 11, 2021. through November 19, 2021. Results from this gravity survey indicated a large geophysical low on Ameriwest’s claim block, extending to the northeast off the claim block. Ameriwest has subsequently staked an additional 414 claims (bringing total number to 1,243 contiguous claims) to ensure the gravity low anomaly is effectively captured within the Company’s expanded claim block. The gravity low is interpreted to be a large depression, filled with sediments, which is part of a closed valley that has potential to host a lithium brine deposit.
Based on the large gravity low identified in the northeast section of the claim block in Phase 1 and the preliminary results from the single MT line in Phase 2, Ameriwest has expanded the Phase 2 study to include two additional MT lines to the northeast of the four initially planned lines to cover the newly expanded claims. This work is scheduled for early 2022, dependent on weather and ground conditions in the valley.
Geological similarities between ECV and Clayton Valley does not guarantee exploration success at ECV or that mineral resources or reserves will be delineated on the Property. No mineral resources or reserves have yet been defined on the ECV Property.
The scientific and technical information regarding this project has been reviewed and approved by Robert Pease, CPG, a consultant to Ameriwest and a Qualified Person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
Statements are based on information currently available to the Company and the Company provides no assurance that actual results and future performance and achievements will meet or not differ from the expectations of management or qualified persons. All statements other than statements of historical fact are forward-looking statements. The words “believe,” “will,” “may,” “may have,” “would,” “estimate,” “continues,” “anticipates,” “intends,” “plans,” “expects,” “budget,” “scheduled,” “forecasts” and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, exploration results, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental or other risks that could materially affect the potential development of the Project, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally.
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