The CSAMT/MT electromagnetic (EM) surveying began on July 8, 2010 at several initial survey locations previously sited by Hasbrouck Geophysics. The locations all lie within the area of the main gravity anomaly identified during the gravity survey of Paymaster Canyon completed in early June 2010. The CSAMT/MT Survey grid is being situated to be perpendicular to the general northeast (NE) trend of regional geologic structure in the area to allow for more accurate location of structural features in the subsurface. In this case, the geologic structure in question is the NE-trending Paymaster Fault, which lies at the eastern edge of the Company’s Paymaster Canyon claims block.
Once all the data from the EM survey had been fully interpreted, AmeriLithium, along with the assistance of Hasbrouck Geophysics, will be able to create a detailed drilling program utilizing data from both the previous Gravity Survey and the current EM survey, in order to identify the areas most likely to hold the highest concentrations of Lithium rich Brine.
"Data has already been collected on over 50% of the survey stations," reported Matthew Worrall, AmeriLithium’s Chief Executive Officer. "Better yet, Hasbrouck Geophysics is already performing preliminary interpretation of the data. This approach gives us the distinct advantage of possibly being in the position to modify the second half of the field program based on the preliminary, interpretation to ensure quality results and a best return on investment. We’re all excited to see the results from the electromagnetic surveying that’s already been completed, not to mention the expansion on the gravity survey that will begin early next week."
PAYMASTER PROJECT BACKGROUND
AmeriLithium’s domestic Paymaster Project represents a 5,880-acre claim block adjacent to the Clayton Valley playa, where Lithium-rich brines and evaporates have been accumulating for more than 30,000 years, resulting in the highest Lithium content found in any brines tested by the US Geological Survey (USGS) in southwestern US playas and basins(1).
Clayton Valley is home to the only US-based Lithium producing plant, operated by neighboring Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc. The plant has been in production since 1967, producing an estimated 50 million kg (55,000+ tons) of Lithium to date from the region’s rich brines(2).
Lithium is a lightweight metal used in a wide range of consumer products the world over: the medical industry uses Lithium as an anti-depressant; industrial uses include glass, ceramic and porcelain enamel manufacture; the aviation industry uses Lithium in alloys. Of particular interest is the use of Lithium for battery production, which has expanded significantly in recent years due to rechargeable Lithium batteries being used increasingly in electrical tools and in the rapidly expanding portable electronics market.
Furthermore, the next generation of hybrid and electric vehicles are being designed to use high-capacity Lithium-ion batteries as environmentally-friendly fuel alternatives while the Obama administration has introduced $5 billion in funding and incentives for the development of a secure, domestic battery industry with special focus on Lithium-ion batteries.
AmeriLithium is a publicly traded (NASD OTC BB: AMEL), mining company committed to progressively developing into one of the leading American players in the global Lithium industry. The Company is headquartered in Lake Tahoe, NV. AmeriLithium has amassed a Lithium portfolio consisting of ~724,000 acres, including three Nevada-based projects nearby the only Lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia.