After Lithium Discovery, Ameriwest Doubles the Size of its Thompson Valley Lithium Property, Arizona
After Lithium Discovery, Ameriwest Doubles the Size
of its Thompson Valley Lithium Property, Arizona
Vancouver, British Columbia, September 7, 2022 (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 it has been awarded six
additional mineral exploration permits by the Arizona State Land Department to allow the Company to
expand its exploration for prospective lithium-bearing clays located in and around its Thompson Valley
Property in west-central Arizona. The Company has renewed its initial seven State permits (see news
release dated Sept. 28, 2021) plus a special land use permit. The additional permits now encompass
acreage of about 3,410 acres (1,380 hectares) awarded from the State. Together with the recently
acquired Federal mining claims, total mineral rights have been nearly doubled to just over 6,890 acres
(2,790 hectares) in Yavapai County. The new lands consist of four permits to the north and east, and
two permits to the south being all contiguous with the Company’s current land holdings.
Ameriwest further announces the State has also approved the second Geologic Field Operation Plan for
the Thompson Valley property. This approved plan allows for an expanded surface sampling program
with subsequent laboratory assays. The initial plan was limited to 50 samples (see news release dated
June 7, 2022), and the ne w plan allows additional sampling, expected to be approximately 300
samples. The continued surface sampling and assays will allow Ameriwest to expand upon its positive
results announced last month (see news release dated Aug. 10, 2022) wherein significant lithium
concentrations were discovered.
David Watkinson, President and CEO of Ameriwest, stated, “ After a highly successful initial surface
sampling program at our Thompson Valley property which led to the discovery of surface or near
surface lithium bearing clays, we are moving forward with an expanded surface sampling program that
will allow Ameriwest’s technical team to better characterize this sedimentary clay deposit . The data
from the expanded surface sampling program will be used to define drill targets and allow the Company
to move forward with permitting process for a drill program. The goal of the drilling program will be
to determine the depth of lithium bearing strata and to start the process of delineating potential lithium
resources on the property, subject to exploration success.”
Ameriwest also announces it has completed and filed NI 43-101 Reports for each of the ESN Gold
project in Nevada and the Koster Dam Gold project in Central British Columbia. These gold projects
form the assets of Ameriwest’s wholly owned subsidiary, ISM Resources Corp. (“ISM”). Ameriwest
announced on July 11, 2022, that it had received approval from the Supreme Court of British Columbia
of a statutory Plan of Arrangement , pursuant to which Ameriwest and ISM will separate into two
independent companies. Ameriwest will continue to trade on the Canadian Securities Exchange (the
“CSE”) and ISM is applying to have its common shares listed for trading on the CSE. Assuming that
the remaining conditions to closing are satisfied and the necessary regulatory approvals are obtained, it
is expected that the closing of the Plan of Arrangement will be completed in the third quarter of 2022.
Greg Bell, P.E. (Arizona), a qualified person under the NI 43- 101 instrument, has reviewed an d
approved the technical content of this release. Note no mineral resources or reserves have yet been
delineated on the Thompson Valley Property that meet National NI 43-101 Standards of Disclosure for
Mineral Projects or CIM Definition Standards.
Ameriwest invites interested stakeholders and shareholders alike to contact our investor relations team
or visit our website and sign-up for regular news alert s which will help provide timely updates of
ongoing activities. Company management believes strongly in regular communications, updates, and
reports from the field, as an important aspect of developing informative and useful engagement as the
Company continues to help explore and develop the exciting and rapidly evolving lithium sector.
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/
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)
Ameriwest Lithium Inc. is a Canadian -based exploration company focus ed on identifying and
developing strategic lithium clay and brine mineral resources in Nevada and Arizona. The Company is
currently exploring its 6,900-acre Thompson Valley lithium clay property in Arizona. In Nevada, it is
exploring its 15,300-acre Railroad Valley lithium brine property, its 22,210-acre Edwards Creek Valley
lithium brine property, its 5,760-acre Little Smoky Valley lithium clay property, and its 7,380-acre Deer
Musk East lithium brine property.
For more information visit: 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 a fter 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.