THOMPSON VALLEY, ARIZONA
ARIZONA’S PROMISING FUTURE
Surface clay deposits known as the “White Hills” were initially discovered in the mid-1950’s and were known to contain bentonite and hectorite clays. Exploration data from the 1960’s shows that lithium contents of clays near the White Hills range from 0.03 to 0.53% Li2O (140 to 2,460 ppm Li) (source: Lithium-bearing Bentonite Deposit, Yavapai County, Arizona, Geological Survey Research, 1965, Chapter C, by J.J. Norton). Sampling was done by a variety of methods at the time including trench sampling, sampling of drill hole cuttings, sampling of an open pit, sampling of a prospect pit, and sampling of an outcrop. This sampling was done before the implementation of NI 43-101 or CIM Mineral Exploration Best Practices Guidelines and the results have not been verified by a Qualified Person. Ameriwest is treating this data as historical, and but it shows the potential for lithium on the Property in the region.
One of Ameriwest Lithium’s newest acquisitionS, Thompson Valley, is a prospective lithium sedimentary deposit with surface or near-surface exposure of lithium-bearing clays, with historic grades similar to those found in Nevada claystone deposits.
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, acting as a Qualified Person for Ameriwest 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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