American Lithium Confirms TLC Project Discovery with Latest High-Grade Results
American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
TSXv
OTCQB
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American Lithium Confirms TLC Project Discovery with Latest High-Grade Results
- Drill program extends consistent grades and widths to over 1 km to date
Vancouver, British Columbia - (April 3, 2019) – American Lithium Corp. (TSXV: LI) (OTCQB:
LIACF) (FSE: 5LA) (“American Lithium” or the “Company”) a leading acquisition, exploration and
development operator is extremely pleased to announce outstanding assay results from the latest three drill
holes on it’s growing TLC lithium claystone project located just outside the mining centre of Tonopah,
Nevada.
Highlights
Grade and thickness consistent with results of TLC-1901 discovery hole reported March 19, 2019
Consistent grades over wide down hole intervals
Extends know mineralization to over 1km (0.6 miles) strike and open to expansion
The TLC claim package has been expanded to the North, South and the West
14 additional drill hole s and respective assays are pending with further results a nticipated within
two weeks.
Mike Kobler, CEO of American Lithium notes, “The high-grade lithium mineralization confirmed in these
three drill holes is consistent with the grades and interval widths identified in our discovery drill hole. With
confirmed grades at over 1 km in strike length we are now looking to step out further for drill results to 2.5
km and beyond. These results clearly support and validate our surface sampling and further demonstrate
the potential for the TLC project to host a significant lithium sedimentary deposit across much, if not all of
the project area.”
Drill holes TLC -02, 03, and 04 all have shallow depths to mineralization and significant uniformly
continuous mineralization as shown below:
Drill Hole
ID
Top
(m)
Bottom
(m)
Interval
(m)
Grade
(Li ppm)
Bottom Cut
(Li ppm)
TLC-1902 27.4 63.8 36.4 1,084 600
TLC-1903 41.1 83.8 42.7 994 600
TLC-1904 24.4 68.6 44.2 934 600
2
American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
A map indicating the locations of the 18-hole drill program is available at:
https://www.americanlithiumcorp.com/projects/tlc-nevada/.
The TLC claystone target is defined as a near-surface, relatively flat laying, free digging lithium target
which is easily accessible by road and only 12 miles from the mining center of Tonopah, Nevada. It’s also
just south of the Crescent Dunes Solar Energy Plant and source of the cheapest electricity in Nevada.
Fourteen (14) additional drill targets are at varying stages of activity with another round of at least four (4)
additional assay results due within the next two weeks. Additional results will aid in the determination of
area-wide grade and thickness for project valuation purposes . Company management looks forward to
providing further results as they become available.
QA/QC Statement
Drilling was conducted by Harris Exploration Drilling and Associates Inc., of Fallon , Nevada utilizing a
“1500 Explorer” reverse circulation rig with a 5 ½ diameter hole with face centred bit. Sampling was
conducted using a riffle splitter or a cyclone splitter depending on the moist ure content of the sampled
material. Sampling was conducted over 5-foot (1.52m) intervals. Sample custody was maintained by the
company’s consultants throughout the sampling and logging process. The company has a rigorous QA/QC
program utilizing blanks, duplicates and a high and a low-grade lithium standard material. Duplicates and
standard material are inserted into the sample stream on a 5% and 5% basis, and blank material was inserted
into the sample stream. Samples were sent to American Assay Laboratories in Sparks Nevada for analysis
utilizing the ICP-MS analysis protocol. Selected check assays samples were sent to the Bureau Veritas in
Reno/Vancouver for analysis by ICP-MS.
About American Lithium Corp. (TSX.V: Li) (OTCQB: LIACF) (FSE: 5LA)
American Lithium is actively engaged in the acquisition, exploration and development of lithium deposits
within mining-friendly jurisdictions throughout the Americas. The Company is curren tly exploring and
developing its TLC and FLV Projects located in the highly prospective Esmeralda Lithium District in
Nevada. These projects, within 48 km (30 miles) of each other, are close to infrastructure, 3.5 hours south
of the Tesla Gigafactory, and similar mineralization characteristics as Albemarle’s Silver Peak Lithium
Mine, and the advancing deposits and resources including Ioneer Inc.’s (formerly Global Geosciences)
Rhyolite Ridge and Cypress Development Corp’s Clayton Valley Project.
The technical information within this news release has been reviewed and approved by Michael Collins,
P.Geo., a consultant to the Company and a qualified person under National Instrument 43-101.
Drill Hole
ID
Top
(m)
Bottom
(m)
Interval
(m)
Grade
(Li ppm)
Bottom Cut
(Li ppm)
TLC-1902 0 88.4 88.4 787 300
or 27.4 63.8 36.4 1084 600
or 29 61 32 1118 1000
TLC-1903 3 89.9 86.9 743 300
or 41.1 83.8 42.7 994 600
or 51.8 74.7 22.9 1129 1000
TLC-1904 3 86.8 83.8 762 300
or 24.4 68.6 44.2 934 600
or 38.1 57.9 19.8 1160 1000
3
American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
American Lithium is a Venture 50 company. For more information, please contact the Company
at [email protected] or visit our website at www.americanlithiumcorp.com. Follow us
on Facebook, Twitter and LinkedIn.
On behalf of the Board,
American Lithium Corp.
Michael Kobler,
Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Statements in this release that are forward -looking information are subject to various risks and uncertainties
concerning the specific factors disclosed here. Information provided in this release is necessarily summarized and may
not contain all available material information. All such forward -looking information and statements are based on
certain assumptions and analyses made by American Lithium management in light of their experience and perception
of historical trends, current conditions and expected future developments, as well as other factors management believes
are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and
other factors that could cause actual events or results to differ materially from those projected in the forward -looking
information or statements. Important factors that could cause actual results to differ from these forward -looking
statements include those described under the heading “Risks Facto rs” in American Lithium’s most recently filed
MD&A. The Company does not intend, and expressly disclaims any obligation to, update or revise the forward -
looking information contained in this news release, except as required by law. Readers are cautioned no t to place
undue reliance on forward-looking information or statements.