HENDERSON, NV, Dec. 12, 2011 /PRNewswire/ -- AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce having received positive results from the first stage exploration gravity survey on the Company's Jackson Wash lithium brine project in Esmeralda County, Nevada. In addition, on Monday, December 5th, the Company began its second stage of exploration on the Jackson Wash property, which will assist in delineating stratigraphic layering and structural complexity within the basin sediments identified by the first stage of exploration.
The first stage exploration report will be posted to the Company's website at http://amerilithium.com
Magee Geophysical Services LLC, based in Reno, Nevada, performed the first stage gravity survey from October 18 to 22, 2011. The survey's objective was to delineate the basin, including structures, identified by an earlier US Geological Survey (USGS) gravity examination of the entire region. A total of 146 gravity stations were used in the survey. Data from 106 gravity stations were acquired during the Company's survey with the remaining 40 stations being re-processed from archival USGS data during the interpretation of the data set.AmeriLithium's consulting geophysicist, Mr. Jim Wright of J.L. Wright Geophysics, processed the survey's data for interpretation. Mr. Wright's interpretation identified an elongate bedrock depression that occupies the north central portion of the Jackson Wash Basin. Proximity to outcrops of volcanic rocks on the nearby Montezuma Range that have tested high in lithium concentrations coupled with paleo-channels identified by the gravity survey suggest that lithium-bearing sediments and groundwater may be present in the subsurface at Jackson Wash. Further gravity survey result details are supplied below. The second phase of exploration commenced on Monday, December 5th, and involves additional geophysical investigation of the Jackson Wash project. The project's 65 placer mining claims total ~2,450 acres (3.83 square miles), covering the deepest and largest portion of an identified gravity low to the east of Nevada's Lithium-producing Clayton Valley. Two east-west oriented controlled source audio magneto-telluric (CSAMT) lines with total length of 10.8 kilometers (~6.71 miles) are proposed to traverse the basin's center. As with other basin investigations in the Clayton Valley area, the CSAMT surveying will assist in delineating stratigraphic layering and structural complexity within the basin sediments. AmeriLithium's Chief Executive Officer, Matthew Worrall, commented: "We're fortunate to have once again received encouraging first stage exploration results on another of our Nevada-based lithium projects. And we couldn't ask for anyone better than Jim Wright to be interpreting our gravity survey data while providing insight for our ongoing second stage exploration. Jim's 40+ years experience in geophysical investigations and interpretation has proven invaluable to the Company, especially his background in interpreting gravity survey data over much of the State of Nevada." GRAVITY SURVEY RESULTS DETAILS
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $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
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV