HENDERSON, NV, Oct. 13, 2011 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce the first phase of exploration on the Company's Full Monty lithium prospect is complete, and has returned promising results. The Full Monty project represents a 5,280-acre block (8.25 square miles) of federal placer mining claims in Nye County, Nevada, that cover the gravity low of the intersection of the Montezuma Trough (gravity) lineament with the Big Smoky Valley lineament. Exploration phases and techniques are being employed to reach the goal of identifying a commercially viable lithium deposit at Full Monty.
Magee Geophysical Services ("Magee") conducted the detailed gravity survey, which delineated a previously identified geologic structural depression in the area in the form of a large, deep, elongate basin centered on the AmeriLithium-owned claim block. The basin measures approximately 11 by 17 kilometers (6.8 by 10.6 miles) with a maximum depth exceeding three kilometers (1.9 miles). Faults with major displacement bound most sides of the basin. Ancient stream channels are apparent in the data entering the basin primarily from the north and south. The size and configuration of the basin, and its proximity to a potential lithium source, make it an ideal candidate for further investigations and testing during the second phase of exploration on the Full Monty project.
Robert Allender, AmeriLithium's VP of Exploration and Chief Geologist, stated, "The areal extent of this structural depression and its extreme depth are promising indicators for the presence of lithium compounds trapped in basin sedimentary rocks and groundwater. Additional geophysical investigations are planned to determine the lithology, stratigraphy, and chemical composition of basin-fill sediments and contained groundwater."
The Full Monty gravity survey results will be posted shortly to the Company's website at http://www.amerilithium.com.Matthew Worrall, AmeriLithium's Chief Executive Officer, added, "We're very excited by the positive results of the Full Monty gravity survey. It is yet another indicator of the potential of our four Nevada-based lithium projects." Worrall continued, "We're also excited to be finalizing the details for exploration on our recently acquired Jackson Wash lithium project in Nevada, which will include a CSAMT/MT (controlled source audio magnetotellurics / magnetotellurics) geophysical survey and an EM (electromagnetic) survey." AmeriLithium has a 100% interest in the Jackson Wash lithium brine project in Esmeralda County, Nevada. The project's 65 placer mining claims total ~2,450 acres (3.83 square miles), covering the center of an identified gravity low to the east of Nevada's lithium-producing Clayton Valley. ADDITIONAL FULL MONTY PROJECT, REGION & SURVEY DETAILS
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV