Amerilithium Receives Approved Drilling Permits For Two Nevada Based Lithium Projects
HENDERSON, NV, Aug. 21, 2012 /PRNewswire/ -- Amerilithium Corp. (OTCQB: AMEL) ("Amerilithium" or the "Company") is pleased to announce the Company received approved permits from the U.S. Department of the Interior's Bureau of Land Management (BLM) to drill up to ten holes per property on both the Company's Jackson Wash and Clayton Deep lithium projects in Nevada. Additional locations are permitted for development of the proposed drill plan, which includes an initial four holes on the Jackson Wash property and an initial three holes on the Clayton Deep property. The drilling locations are based on the findings and recommendations of the Company's controlled source audio magneto-telluric (CSAMT) survey reports.
The hard copies of the drilling permits were not received until three weeks after their sign-off dates, thereby adding to the overall delay of the drilling process, which was planned to commence earlier in 2012. Despite the drilling program taking longer than expected to begin, Amerilithium continues to move the process along and will initiate drilling as soon as the Company is in a practical position to do so. Toward that end, the Company is currently reviewing tenders it has received for the drill program, and is in the final stages of ensuring the data received would enable the Company to produce a National Instrument 43-101 (Standards of Disclosure for Mineral Projects) compliant report.
Both drilling areas are located in Esmeralda County, Nevada. The drill sites will be accessed from existing roads, unimproved trails and overland travel when necessary. The proposed operations were reviewed by Tonopah Field Office resource specialists who have determined that the operations, as proposed, will not cause unnecessary or undue degradation as defined under 43 CRF 3809.5.
The Jackson Wash and Clayton Deep drilling programs will be added to the Company's previously permitted and drilled Paymaster lithium project, also located in Esmeralda County, Nevada. The Paymaster drilling program provided promising results from both primary and secondary sampling taken during the drilling of the initial three holes of the Company's eight-hole drill program. Those results have been used in the development of Amerilithium's secondary stage Paymaster drilling program, which includes development of two holes initially drilled (DH8 and DH2).Amerilithium is also currently working on developing a drill program for its Australian lithium assets, which also represent the potential for gold mineralization. The drill program is being based on exploration results previously received, including interpreted results indicating geology that is consistent with Ausgold Limited's nearby 5-million-ounce Katanning gold discovery. With the help of the Company's strategic partners, Strategic Resource Management, Amerilithium hopes to finalize the Australian drill program imminently. Details will be released as soon as they are confirmed.
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