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MarketScreener Homepage  >  Equities  >  TSX VENTURE EXCHANGE  >  American Lithium Corp.    LI   CA0272592092

AMERICAN LITHIUM CORP.

(LI)
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American Lithium : confirms discovery at TLC in Nevada

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04/05/2019 | 04:37am EDT

American Lithium (TSXV: LI) has confirmed lithium mineralization at its TLC claystone project near Tonopah, Nevada, with the latest results from its ongoing 18-hole, 1,600 metre drill program.

The company cut 1,084 parts per million (ppm) lithium over 36.4 metres from 27 metres downhole, 994 ppm lithium over 42.7 metres from 41 metres downhole and 934 ppm lithium over 44 metres from 24 metres downhole. All three holes ended in lithium mineralization.

The three holes extend known mineralization on the project to over 1 km in strike length and confirm the companys previously reported discovery hole. That hole cut 1,109 ppm lithium over 61 metres from 11 metres downhole. The company intends to continue stepping out with further drill holes. It has staked additional claims, expanding the project to the north, south and west.

The company had previously collected 22 grab samples at TLC that graded as high as 1,380 ppm lithium and averaged 656.5 ppm lithium. It has found lithium mineralization across 5 sq. km at TLC, and says it appears to extend in all directions. It intends to determine the thickness of those claystone beds with this drill program.

(c) 2019 The New Times Publications S.A.R.L All rights reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Michael H. Kobler CEO, Chief Operating Officer & Executive Director
Andrew W. Bowering Director & Chief Financial Officer
Dana J. Brock Vice President-Geosciences & Engineering
Andrew Squires Director
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