HENDERSON, NV, Feb. 23, 2012 /PRNewswire/ -- AmeriLithium Corp.
(OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is
pleased to announce the Company has begun first stage exploration
planning for its three Western
Australia lithium assets, which also represent the potential
for gold mineralization. AmeriLithium's main focus is still firmly
set on its lithium projects in Nevada, where geophysical exploration
activities have been completed and work is progressing with respect
to the drill programs for each Nevada project. At the same time, the Company
has decided to begin preliminary exploration in Australia to take advantage of potential
government grants which are currently available and the mineral
potential of the Company's claims, whether in the form of lithium
and/or gold.
AmeriLithium's three Australian claims cover over 43,000 acres
around and abutting Lake Dumbleyung. AmeriLithium's assets
include:
- Bare Rocks Project: immediate east of and abutting Lake
Dumbleyung, covers a salt lake system expected to be rich in
mineral deposits;
- Hoffman Hills Project: approximately 15.5 miles south of
Lake Dumbleyung, covers a salt lake system expected to comprise the
same brine drainage outlets as those found in the Bare Rocks
Project; and,
- Normans Lake Project: 15.5 miles north of Lake
Dumbleyung, represents another salt and drainage lake system
expected to yield high mineral deposits.
While the primary motivation behind the Australian exploration
program is the identification of lithium potential, additional
motivation stems from (1) the potential to take advantage of the
Australian government currently offering a grant of up to
AUD$150,000 toward the drilling costs on multi-hole exploration
projects, (2) the opportunity to explore for gold at the same time
as exploring for lithium, and (3) data suggesting a gold trend
potentially passing through the Company's Bare Rocks and Normans
Lake projects (see further below for additional gold-related
details).
The Company intends to execute a staged exploration program
comprising remote sensing desktop studies, initial field
reconnaissance, sampling of the brines and saline crusts, and
analysis for lithium and a basic set of elements including K, Ca,
Na, Mg, Bo, Cl and SO4. Additionally, the Company intends for the
exploration plan to be tailored for the identification of any
potential gold mineralization. AmeriLithium is currently in
discussions to join with a strategic partner for its exploration
programs in Australia, and is
looking to utilize local knowledge and expertise. Further
exploration plan details will be announced as they become
available.
AmeriLithium's CEO, Matthew
Worrall, commented: "Now that each of our Nevada lithium projects have advanced to the
drilling stages of exploration, it makes sense for us to
simultaneously begin assessing the potential of our sizeable
Australian holdings. While there is no guarantee of discovering a
gold reserve, with the added potential of gold mineralization and
the potential support of the Australian government, we are looking
forward to gaining a better understanding of the value of our
Australian assets."
FOR MORE INFORMATION
More information on the Western Australian projects, and
additional information regarding the Company, can be found at
AmeriLithium's corporate website www.amerilithium.com along with
the facility to sign up for regular news updates.
ABOUT LITHIUM: Lithium is a lightweight metal used in a wide
range of consumer products the world over: the medical industry
uses Lithium as an anti-depressant; industrial uses include glass,
ceramic and porcelain enamel manufacture; the aviation industry
uses Lithium in alloys. Of particular interest is the use of
Lithium for battery production, which has expanded significantly in
recent years due to rechargeable Lithium batteries being used
increasingly in electrical tools and in the rapidly expanding
portable electronics market. Furthermore, the next generation of
hybrid and electric vehicles are being designed to use
high-capacity Lithium-ion batteries as environmentally-friendly
fuel alternatives while the Obama administration has introduced
$5 billion in funding and incentives
for the development of a secure, domestic battery industry with
special focus on Lithium-ion batteries.
ABOUT AMERILITHIUM: AmeriLithium is a publicly traded (NASD OTC
BB: AMEL), mining company committed to progressively developing
into one of the leading American players in the global Lithium
industry. The Company is headquartered in Henderson, NV. AmeriLithium has amassed a
Lithium portfolio consisting of ~727,299 acres, including four
Nevada-based projects nearby the
only Lithium producing plant in the US, a large project in
Alberta, Canada, and a project in
Western Australia.
ON BEHALF OF THE BOARD OF DIRECTORS,
AmeriLithium Corp.
Matthew Worrall, Chief Executive
Officer
FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking
statements. These statements relate to future events or to
our future financial performance, and involve known and unknown
risks, uncertainties and other factors that may cause our actual
results, levels of activity, performance, or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. You should not place undue
reliance on forward-looking statements since they involve known and
unknown risks, uncertainties and other factors which are, in some
cases, beyond our control and which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. Any forward-looking statement reflects our
current views with respect to future events and is subject to these
and other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and
liquidity. We assume no obligation to publicly update or
revise these forward-looking statements for any reason, or to
update the reasons actual results could differ materially from
those anticipated in these forward-looking statements, even if new
information becomes available in the future.
Contact:
AmeriLithium Corp
871 Coronado Center Dr.
Ste. 200
Henderson, Nevada 89052
Phone: (702) 583-7790
Fax: (702) 583-7791
Email: info@amerilithium.com
Facebook: www.facebook.com/AmeriLithium
Twitter: www.twitter.com/amerilithium
Web: www.AmeriLithium.com
INVESTOR RELATIONS:
Toll Free: 1-888-982-6374
Email: ir@amerilithium.com
SOURCE AmeriLithium Corp.
