Ameriwest Lithium Announces Filing of Technical Report on Deer Musk East Property
Ameriwest Lithium Announces Filing of Technical Report on Deer Musk
East Property
Vancouver, British Columbia, August 23, 2021 ( 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 the filing of a technical report
in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-
101”) on the Company’s recently-acquired lithium property known as Deer Musk East (the
“Property”).
The Property consists of 283 unpatented placer claims encompassing a total of 5,618 acres in Clayton
Valley, Nevada, which claims were staked on be half of the Company’s wholly owned Nevada
subsidiary. The Property is located approximately five miles from Albemarle’s Silver Peak Lithium
Project, which is currently the only producing lithium mine in North America.
David Watkinson, the President and Chief Executi ve Officer of the Company, commented “We are
excited to be advancing the Deer Musk East Prope rty and the technical re port demonstrates the
exploration potential of the Property for discovery of lithium placer brine and sedimentary deposits.”
Property Highlights
Clayton Valley is located within the Basin and Range Province in southern Nevada. It is a closed basin
that is fault bounded on the north by the Weepah Hills, the east by Clayton Ridge, the south by the
Palmetto Mountains, and the west by the Silver Peak Range and Mineral Ridge. The north and east parts
of Clayton Valley are flanked with Miocene to Pliocene sediments containing multiple primary and
reworked volcanic ash deposits within fine-grained clay and silt units. These deposits, mapped primarily
to the north, are a part of the Esmeralda Formation, a sedimentary sequence grading from coal-bearing
siltstones, sandstones, and conglomerates at the base, to fine-grained tuffaceous lacustrine sediments at
the top of the section.
Lithium bearing sediments have been recognized in Clayton Valley for some time in uplifted Miocene
Esmeralda Formation lacustrine clays, ash and tu ffs. Lithium values range from 496 - 4,950 ppm.
Recent exploration work by other companies has confirmed large volumes of lithium-bearing sediments
on the east flank of the Valley.
The Property is located in the southeast lower flank of Clayton Valley and lies south, and along strike,
of exposed mudstone, claystone and welded tuffs of the Miocene Esmeralda Formation. The area is
characterized by valley floor sediments to the east, an uplifted central core and large unsorted alluvial
deposits on the west. The Esmeralda Formation is not exposed on the claims comprising the Property
as it terminates at the north boundary of the Property. Evidence suggests a small normally faulted and
rotated crustal block has offset the Esmeralda Formation and it is believed the Formation exists at depth
on the Property.
Note that the vicinity of the Deer Musk East Prop erty to Abermarle’s Silver Peak operations does not
guarantee exploration success on the Deer Musk East Property or that mineral resources or reserves will
ultimately be delineated.
Next Steps
As outlined in Ameriwest’s August 3, 2021, press release, the Company’s initial exploration program
will consist of soil sampling, rock chip sampling, and geophysics to evaluate the lithium potential on
the Property, including the following geophysical surveys:
Seismic reflection for definition for subsurface strata and fault definition;
Gravity for depth to bedrock and structure; and
Resistivity to evaluate the extent of conductors that may represent lithium brine hosting units.
The estimated cost of completing the Phase 1 exploration program is US$190,000. Information from
the program will be used to make recommendations for a Phase 2 exploration program, which could
potentially include drilling for placer brine or placer sedimentary lithium deposits.
Qualified Person
Raymond P. Spanjers, an independent consultant geologist, is a qualified person as defined in National
Instrument 43-101. Mr. Spanjers has reviewed the scientific and technical information that forms the
basis of this news release and has approved the disc losure herein. Mr. Spanjers is independent of the
Company.
Ameriwest invites interested stakeholders and shareholders alike to visit its website and sign-up for
regular news alerts 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:
Ameriwest Lithium Inquiries
Glenn Collick, Director
Tel: +1 (778) 868-2226
www.ameriwestlithium.com
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AMRWF) (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 the Deer Musk East property, located in the prolific Clayton Valley, Nevada, totalling
5,600 acres, and the Railroad Valley property, totalling 6,200 acres. Additionally, Ameriwest’s current
resource portfolio includes the ES N Project, located in White Pine County, Nevada, and the Koster
Dam property, located in the Clinton Mining Divisi on of British Columbia, in which Ameriwest has a
45% interest. 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 material ly 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 otherw ise, 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.