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RAILROAD VALLEY, NEVADA
THE RAILROAD VALLEY BASIN (RRV) IS A GREEN-FIELDS LITHIUM TARGET BELIEVED TO BE SIMILAR TO CLAYTON VALLEY, WHICH IS LOCATED JUST 200 KM TO THE WEST-SOUTHWEST. AMERIWEST RECENTLY ACQUIRED ADDITIONAL CLAIMS, INCREASING THE SIZE OF THE RRV PROPERTY TO 780 CONTIGUOUS CLAIMS TOTALLING 15,300 ACRES.
Geological conditions necessary for lithium brine exploration targets:
RAILROAD VALLEY’S MASSIVE GRAVITY LOW IS A GEOLOGICAL FEATURE THAT INDICATES THE PRESENCE OF A DEEP BASIN NECESSARY TO CONTAIN LITHIUM-BEARING BRINES OR AQUIFERS
Comparable in size to the Salinas Grandes salt flat in Argentina; potentially one of the best lithium resources in the world. When compared to the nearby producing Clayton Valley, the whole of Railroad Valley is twice the size.
While Railroad Valley is geologically similar to nearby Clayton Valley in many significant ways, it differs in that it represents a new and virtually unexplored target, with only a handful of companies present, unlike Clayton Valley’s leases, which are fragmented across many competing companies.
Water rights are also a positive factor, with no competition for water rights existing within Railroad Valley. In sharp contrast, water rights in Clayton Valley are held by only 2 companies, with 1 of them – the multi-billion-dollar Albemarle – contesting any further applications.
Historic oil drilling activities and seismic surveys have amassed invaluable data for targeting potential brine aquifers.
PRO-LITHIUM EXPLORATION FACTORS | CLAYTON VALLEY | RAILROAD VALLEY |
|---|---|---|
Basin fill depth | 328’ to > 4,002’ (100m to > 1,220m) | 3,937’ to 9,514’ (1,200m to 2,900m) |
Dry lakebed (playa) area | 38.6 sq miles (100 km2) | 135 sq miles (350 km2) |
Total basin catchment area | ~1,699 sq miles ~4,400 km2 | ~4,131 sq miles ~10,700 km2 |
Number of basins | 3 | 4 |
Oil well data available to shed light on lithium-brine formations | ||
Favorable market for water rights | ||
Potential lithium source rocks | ||
Ongoing lithium exploration | ||
Closed basin | ||
Evapotranspiration | ||
Presence of evaporites | ||
Presence of hot springs | ||
Faults & trap rock in fill |
Railroad Valley’s basin characteristics, proximity to infrastructure, and Nevada’s stable and mining-friendly government, offer a compelling reason to ramp up lithium exploration activities in the valley.
Railroad Valley has a number of unique geologic attributes that MAKE IT AN ATTRACTIVE EXPLORATION TARGET FOR LITHIUM MINERALIZATION.
The valley is structurally controlled by an active tectonic setting. This resulted in volcanic activity on the northwest and west margins of the valley, including the stunning Luna Craters.
Geological similarity of this property to other adjacent or nearby properties does not guarantee exploration success. No mineral resources or reserves, as defined by National Instrument 43-101 standards or CIM standards have yet been delineated on the 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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