Ameriwest Lithium Initiates 2023 Exploration Program at Thompson Valley Project in Arizona
Ameriwest Lithium Initiates 2023 Exploration Program at Thompson Valley
Project in Arizona
Vancouver, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- Ameriwest Lithium Inc.
(“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium
exploration and development company is pleased to announce that it has recently engaged a field crew to
be mobilized for its Thompson Valley Lithium Project in the next few days to begin the Company’s 2023
pre-drilling exploration pr ogram phase. The pre -drilling phase includes several tasks and, without
limitation, establishing and marking out the boundaries of trails and drill sites for legal, archaeological, and
native plant surveys. Once the surveys are complete and prior to trail and drill site construction the Company
will submit a Geologic Field Operations Plan to the State of Arizona for approval. Simultaneously the
Company is continuing to work on the best possible solution for it’s right -of-way (ROW) which requires
State approval and cooperation from private landowners. The Company will issue further news releases as
progress continues.
David Watkinson, President, and CEO of Ameriwest stated, “We are excited to initiate the 2023 exploration
program at Thompson Valley and look forward to progressing this lithium project as quickly as possible .
Subject to the permitting timeline, we expect this to be the first property Ameriwest drills after acquiring
three lithium brine properties and two lithium clay properties in Nevada and Arizona in 2021 and 2022.
Ameriwest has become one of largest lithium claim holders in Nevada with approximately 50,000 acres of
mineral claims staked or acquired.”
About Ameriwest Lithium Inc.
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 Thompson Valley lithium property located in Yavapai County, Arizona. Ameriwest owns 100
percent of the property which covers 6,881 acres. As stated in the Company’s news release dated January
31, 2023, the Company entered into an option agreement with Nova Lithium Corp (“Nova”) whereby Nova
can earn a 51 percent interest in the Edwards Creek Valley project encompassing 22,210-acres. Ameriwest
Lithium also owns 100 percent of 5,640- acre Little Smoky Valley property, 13,580- acre Railroad Valley
property and its 7,600-acre Deer Musk East property in Nevada.
On Behalf of the Board of Directors
Glenn Collick
Chief Operating Officer and director
For further information, please contact:
-2-
Glenn Collick
Chief Operating Officer and a director
(778) 868-2226
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.
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, cha nges 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 t o 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.