This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AmeriLithium Announces Start Date For 2nd Stage Exploration On Full Monty & Clayton Deep Lithium Projects

HENDERSON, NV, Nov. 2, 2011 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce November 14, 2011 as the start date for the 2nd stage of exploration on the Company's Full Monty lithium project followed by the Clayton Deep lithium project. The 1st stage of exploration recently provided positive gravity survey results for each of the Nevada-based projects. The 2nd stage of geophysical exploration will involve more detailed and focused geophysical surveying through scalar Controlled-Source Audio-Frequency Magneto-Telluric (CSAMT) surveys, a geophysical technique commonly utilized in mineral exploration to provide deep geologic information. The purposes of the surveys are to map geologic stratigraphy and structure relative to the occurrence of lithium brine, identify conductors that are thought to be representative of lithium bearing brine, and to provide information for the selection and design of additional geophysical surveys.

The surveys will be performed by Zonge International, Inc. (Zonge), which markets equipment and services on a worldwide basis, and holds the first patents on the complex resistivity (CR) method in the USA, Canada, Mexico, and Australia. Zonge will perform a CSAMT survey on the Full Monty project along 3 established lines (as identified from the results of the recently completed gravity survey) totaling approximately 22,600 meters, using 50 meter station spacings; the survey control is expected to take 14-16 days to complete. Zonge will then perform a CSAMT survey on the Clayton Deep project along 2 established survey lines (as identified from the results of the recently completed gravity survey) totaling approximately 12,000 meters, using 50 meter station spacings; the survey control is expected to take 9-10 days to complete. Deliverable products will consist of a digital data acquisition logistics report covering data acquisition and including a line location map and pseudo sections of observed Cagniard resistivity and impedance phase data.

Once the data from the 2nd stage of exploration is received, AmeriLithium's consulting geophysicist, Mr. Jim Wright of J.L. Wright Geophysics, will be completing the survey's reports. Mr. Wright is a professional geophysicist with over 40 years experience in the field of geophysical investigations and interpretation. He has considerable experience in interpreting survey data over much of the State of Nevada, and brings a wealth of knowledge of local geologic variations in the region of the 2 projects.

"This as a very positive stage for the Company. With the findings from these 2 surveys in our hands in the near future, we'll have a much clearer picture than ever of the potential of these 2 lithium projects," stated Matthew Worrall, AmeriLithium's CEO. "And with the demand for lithium growing, especially from the electronics and electric vehicle markets, all 4 of our Nevada-based exploration programs become more critical every day."

After the CSAMT surveys are completed on the Full Monty and Clayton Deep projects, Zonge will then be considered to conduct a 2nd stage CSAMT survey on AmeriLithium's Nevada-based Jackson Wash project once the results have been received from that project's 1st stage exploration gravity survey. The gravity survey field work in question was recently completed by Magee Geophysical Services, and AmeriLithium is awaiting the related report from the same Mr. Jim Wright mentioned above.


1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.30 -1.00%
FB $119.17 1.20%
GOOG $708.39 0.99%
TSLA $215.91 2.10%
YHOO $37.10 0.43%


Chart of I:DJI
DOW 17,690.91 +30.20 0.17%
S&P 500 2,047.37 -3.26 -0.16%
NASDAQ 4,703.1120 -13.9820 -0.30%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs