Ameriwest Lithium Propels Railroad Valley Study with Seismic Data Acquisition
Ameriwest Lithium Propels Railroad Valley Study
with Seismic Data Acquisition
Vancouver, British Columbia, November 3, 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 acquisition of a quantity of
pre-existing high-quality seismic data directly relevant to its 9,097-acre Railroad Valley property in
Nye County, Nevada.
Concurrent to the previously announced positive preliminary results from a recent geophysical survey
(as of October 27, 2021), the Company successfully identified and obtained an immensely useful and
cost-saving body of seismic data which will significantly increase the interpretive understanding of the
basin characteristics in order to develop future drill targets.
The Railroad Valley property presents a uniquely convergent opportunity for lithium extraction in an
area with abundant oil and gas industry seismic data. Of the available oil industry data acquired by the
Company, three lines have been identified as having both high quality and specific utility for assisting
with identifying subsurface structure and the presence of potential faults in the Railroad Valley Graben.
In total, 26.7 line-miles of existing seismic data was obtained from Seismic Exchange Inc. (“SEI”)
(www.seismicexchange.com) from historic oil & gas industry data . Ameriwest has retained Castillo
Geophysical Limited (www.castillogeophysical.com), and Legg Geophysical, Inc. (www.legggeo.com)
who have regularly partnered their combined experience at reprocessing vintage seismic data using
modern processing techniques. Castillo Geophysical will reprocess the data while Legg Geophysical
produces synthetics from existing well logs and interpret s the data, incorporating related geophysical
and geologic information to characterize the geometry of the basin. Estimated cost of the acquisition,
reprocessing, reinterpretation, and reporting is approximately US$106,000, or about US$4,000 per line-
mile. The work is expected to be completed prior to Christmas.
David Watkinson, President and CEO of Ameriwest stated, “Obtaining a seismic study at US$4,000
per line mile represents a major cost savings for the Company. The price is about 1/5th of what it would
have cost to acquire a similar data set from field work and h ave it interpreted as a new project. The
timeframe required to obtain a seismic report will also be significantly less, a saving of months in the
schedule.”
As noted in Ameriwest’s news release of April 19, 2021, the Company originally staked 312 unpatented
placer claims, totalling 6,2 40 acres at it’s Railroad Lithium Property located 100 miles northeast of
Tonopah. Upon receipt and analysis of initial geophysics data, the Company elected to acquire an
additional 150 placer claims increasing the Railroad Property to 462 placer claims across the current
9,097 total acres.
Ameriwest invites interested stakeholders and shareholders alike to contact our investor relations team
or visit our 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 a nd 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 with a focus on identifying strategic
lithium mineral resource projects for exploration and development. The Company is currently focused
on exploring Nevada’s Deer Musk East property, located in the prolific Clayton Valley, totalling 5,600
acres, the Railroad Valley property, totalling 9,097 acres, the Edwards Creek Valley totalling 16,940
acres and Arizona’s Thompson Valley totalling 2,859 acres. Additionally, Ameriwest’s current resource
portfolio includes the ESN Project, located in White Pine County, Nevada, and the Koster Dam
property, located in the Clinton Mining Division 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 di ffer 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 indu stries 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 forwa rd‐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 repr esents 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.