American Lithium Prepares to Drill Tlc Nevada Lithium Claystone Project
American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
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AMERICAN LITHIUM PREPARES TO DRILL TLC NEVADA LITHIUM CLAYSTONE PROJECT
Vancouver, BC, February 5, 2019 – American Lithium Corp. (TSXV: LI) (OTCQB: LIACF) (Frankfurt: 5LA; )
(“American Lithium” or the “Company”) a leading acquisition, exploration and development operator is
pleased to report that it has engaged Harris Exploration Drilling and Associates Inc., of Fallon Nevada, to
commence drilling on its 630 ha (1,550 acre), TLC lithium claystone project located minutes from the
mining centre of Tonopah, Nevada.
The wholly-owned Tonopah Lithium Claystone (TLC) Project is scheduled for 1,600 m (5,000 feet) of 5.5”
diameter reverse circulation drill sampling to increase the s cope and eventual valuation of th is
prospective lithium-bearing claystone-rich environment. Previously, twenty-two (22) grab samples were
analysed returning grades ranging from 129.5 to 1380 parts per million (ppm) lithium (Li) with a n
average grade of 656.5 ppm Li.
Lithium claystone mineralization is found consistently across nearly four (4) square miles of the
project and appears to extend in all directions.
Preliminary hydrometallurgical testing demonstrates that lithium will effectively leach from the
project area claystones with increased extraction quantity and quality relative to immersion
times thereby deriving exciting economics and opportunities for highly scalable future
commercial extraction scenarios.
The drill program calls for 100m (300 foot) average depths to a maximum of 160m (500 feet) which is
projected to penetrate the full lithium claystone potential at depth. A Foremost Explorer 1500 RC Drill,
matrix 4 -dual tube drill pipe will be utilized for drill operations. A ll drill pads are located on existing
roads in order to minimize environmental impact . A Company -owned Laser Induced Breakdown
Spectrometer (LIBS) will be utilized to screen assay samples prior to dispatch to the lab.
Mike Kobler, CEO of Amer ican Lithium, notes “With this drilling program, we look forward to
determining the depth extension of the regional lithium claystone target which we believe holds great
promise as this particular mineralization could represent a highly economically advantageous and game-
changing extraction opportunity poised to meet the inevitable resurgence and growth of the domestic
lithium resource sector in Nevada.”
About American Lithium Corp.
American Lithium is actively engaged in the acquisition, exploration and development of lithium
deposits within mining -friendly jurisdictions throughout the Americas. The Company is currently
exploring and developing two projects, the FLV and TLC Projects, 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 in the same basinal environment as
Albemarle’s Silver Peak Li thium Mine, and the advancing deposits and resources including Ioneer Inc.’s
(formerly Global Geosciences) Rhyolite Ridge and Cypress Development Corp’s Clayton Valley Project.
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American Lithium Corp. Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
The technical information within this news release has been reviewed and appro ved by Michael Collins,
P.Geo., a consultant to the Company and a qualified person under National Instrument 43-101.
For more information, please contact the Company at [email protected] or vi sit 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 def ined 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 uncertaintie s and other factors
that could cause actual events or results to differ ma terially 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
Factors” 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 not to place undue
reliance on forward-looking information or statements.