AmeriLithium Confirms Start Of 2nd Stage Exploration On Nevada-Based Full Monty Lithium Project
HENDERSON, Nev., Nov. 15, 2011 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to confirm the 2nd stage of exploration on the Company's Full Monty lithium project began on November 14, 2011. The Full Monty Project represents a 5,300-acre block (8.25 square miles) of federal placer mining claims in Nye County, Nevada, 25 miles north of Clayton Valley's prime lithium-mining region. The project covers the gravity low of the intersection of the Montezuma Trough (gravity) lineament with the Big Smoky Valley lineament. Gravity lows such as the Full Monty Gravity Low are thought to be traps for lithium-bearing groundwater.
The Full Monty project's 1st stage of exploration recently provided positive gravity survey results. Those results were used when planning the 2nd stage of geophysical exploration, which includes more detailed and focused geophysical surveying through a scalar Controlled-Source Audio-Frequency Magneto-Telluric (CSAMT) survey, a low cost geophysical technique commonly utilized in mineral exploration to provide deep geologic information.
The 2nd stage survey is being performed by Zonge International, Inc. (Zonge), and will 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 provide information for the selection and design of additional geophysical surveys. AmeriLithium's consulting geophysicist, Mr. Jim Wright of J.L. Wright Geophysics, will be completing the 2nd stage reports once the data from the survey is received.
Matthew Worrall, AmeriLithium's CEO, commented: "We're excited to be starting another phase of lithium exploration in Nevada. Zonge is an experienced company, so we're expecting to have quality data in our hands very soon. And from there, we'll know how best to proceed toward realizing the full lithium potential of our Full Monty project."Details of the survey's progress and preliminary findings will be provided as they become available.
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 + 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