Ameriwest Lithium Defines First 2023 Exploration Drill Target at Thompson Valley Projects
Ameriwest Lithium Defines First 2023 Exploration Drill Target at Thompson
Valley Project
VANCOUVER, British Columbia, Dec. 13, 2022 -- Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC:
AWLIF) (FSE: 5HV0), a North American lithium exploration and development company, announces that it has received results
for an expanded set of surface sample assays from its Thompson Valley Property (the “TV Property”) in Arizona. The results of
surface sampling to date on the TV Property confirm the widespread presence of significant (>200 ppm) lithium concentrations
in surface lithologies, and the Company plans to move forward with core drilling in early 2023 to test a target area identified
from the surface sampling, subject to obtaining the necessary permits.
Nearly 200 samples were acquired to date by Ameriwest’s consulting geologist, Brian A. Beck, during September and October
as part of the continued “Phase 1 Exploration Program”. As a result, an initial exploration target area totaling 1,003 acres (406
ha) has been identified within the 6,681 acres (2,785 ha) of mineral rights controlled by the Company. Samples were acquired
subsequent to approval of a geologic field operation plan by the Arizona State Land Department (ASLD).
Assay results from the TV Property surface grab samples, analyzed by ALS Geochemistry (“ALS”) in Tucson, Arizona and
Vancouver, BC, show lithium contents ranging up to 1,295 ppm Li. The locations of consistently higher lithium contents were
used to delineate a prospective exploration target area for drilling as discussed further below.
David Watkinson, President and CEO of Ameriwest stated, “We are excited with these results. This sedimentary deposit has
clay-like properties with surface or near-surface exposures of lithium-bearing materials, most of which have an elevated
carbonate content. We look forward to further verification of the property’s potential to host a significant lithium deposit by core
drilling. We plan to move forward and permit a drilling program with the State and hope to be drilling in late Q1 or early Q2 next
year.”
About the Sampling Program
Ameriwest announced initial results from 44 samples from its Phase 1 Exploration Program (the “Program”) on August 10,
2022. Continuation of the Program was designed to test for the presence of lithium over a broader area of the TV Property.
Surface grab samples were acquired from shallow surface excavations in ravines that pierced the surface soils and debris
fields. Sample locations are shown in Figure 1.
Figure 1 Ameriwest Lithium Thompson Valley Surface Sampling
Two lithium-bearing trends are confirmed by the highest lithium values from this expanded sampling, one along the northwest-
southeast trending Thompson Valley Fault zone near the base of the basalt-capped cliff, and another along a northeast-
southwest trend running through the main portion of Ameriwest’s State lands in Sections 2 and 11. Section numbers are
shown on Figure 1.
Figure 1 shows the outline of an exploration target area identified from the Program for the TV Property totaling 1,003 acres
(406 hectares). The exploration target area includes mineral rights controlled by the Company and which is south of the upper
limit of the Thompson Valley Fault zone and north of County Road 15. Further north of the Thompson Valley Fault, the TV
Property is covered by a basalt flow. It is unknown whether lithium bearing clays occur below this basalt cap and drilling will be
necessary to determine this.
Surface samples assayed within the exploration target area have lithium contents ranging from 11 to 1,295 ppm Li. From the
121 samples within this target area, 47% had lithium contents greater than 200 ppm, 19% had lithium contents greater than
500 ppm, and 4% were greater than 1,000 ppm, with a mean of 285 ppm Li and standard deviation of 290 ppm Li. Most of the
lithium-bearing samples are high in carbonate and reactive to acid.
Ameriwest acquired drilling records earlier in the year from a previous explorer in the Thompson Valley area, GSA Resources,
Inc., and these records include six drill holes in Sections 2 and 11 within the target area, as well as several holes within the
Lyle’s Mine Lease, separately owned by Vanderbilt Chemicals. The GSA drilling records show that “clay” samples are present
in that area to a depth of at least 75 feet (23 m), and that the base of the clay-bearing interval was not encountered. Note that
this historic drilling did not assay for lithium, but it is useful for understanding the geology of the TV Property. Hence, drilling
will be required to determine the extent and depth of the clay deposit and its potential lithium content.
The Program was successful in identifying the initial areas to be targeted with a drilling program. Sampling results also
confirmed lithium values similar to historic lithium surface sampling results from the 1960’s, where the USGS noted Li 2O
contents ranging from 0.3% to 0.5% (1,400 to 2,300 ppm Li) and showed increasing lithium content with depth. These historic
samples were taken before the implementation of NI 43-101, have not been verified by a qualified person, and are being treated
as historic information for use as a guide for exploration purposes.
Ameriwest is designing a drill plan and is proceeding to obtain the necessary permits for this work, including a Right-of-Way
permit for drill rig access to the lands, with the goal of conducting a drilling program during late-Q1 or early-Q2 of next year.
Timing of the drilling will be subject to permit approvals and completion of archaeological and native plant surveys required by
the State. The ultimate goal is to define lithium resources on the TV Property. Note that no lithium resources or reserves have
currently been delineated on the property.
An NI 43-101 Technical Report is currently being prepared for the property which provides details on the above aspects and
other geological information and recommendations for a drilling program. The report is anticipated to be released after the first
of the new year.
About the Property
The TV Property is accessed from Yavapai County Road 15. It is located 120 miles (190 km) north of Phoenix. The Company
has acquired mineral rights to 6,681 acres (2,785 ha) consisting of thirteen State Mineral Exploration Permits and 33 Federal
lode mining claims.
QA/QC
The surface grab samples were shipped to ALS Geochemistry in Tucson, Arizona for sample preparation, and then forwarded
by ALS to their analytical laboratory in Vancouver, BC for assays. ALS is a premier laboratory and has obtained a Certificate
of Accreditation issued by the Standards Council of Canada (SCC) and has demonstrated compliance with ISO/IEC
17025:2017 General requirements for the competence of testing and calibration laboratories. Assaying was done using 4-acid
digestion and ICP-MS analysis protocol. Blanks and standards were inserted into the samples sent to the laboratory.
Qualified Persons
Greg Bell, P.E., and Brian Beck, C.P.G., qualified persons under the NI 43-101 Instrument, have reviewed and approved the
technical content of this release.
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)
Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource
projects for exploration and development. The Company is currently focused on exploring its 13,580-acre Railroad Valley
property, the 22,210-acre Edwards Creek Valley, its 5,640-acre Little Smoky Valley property, and its 7,600-acre Deer Musk
East property in Nevada. In addition, the Company is exploring the 6,681-acre Thompson Valley property in Arizona.
For more information visit: https://ameriwestlithium.com/ .
On Behalf of the Board of Directors,
David Watkinson
President and Chief Executive Officer
For further information, please contact:
Invictus Investor Relations
Tel: +1 (604) 343-8661
https://ameriwestlithium.com/
Caution Regarding Forward-Looking Information
Certain statements contained in this news release may constitute forward ‐looking information. Forward‐looking information is
often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”,
“should”, and similar expressions. Forward ‐looking information involves known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially from those anticipated in such forward ‐looking information.
The Company’s actual results could differ materially from those anticipated in this forward ‐looking information as a result of
regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions,
changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company.
The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can
be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon.
Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof
and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward ‐
looking information whether as a result of new information, future events or otherwise, except as required by applicable
securities legislation.
The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein
and has neither approved nor disapproved the contents of this news release .
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