American Lithium Reports Highest Grade Assay To-Date and Expands Discovery to Over 2.5 km Strike at TLC Project
American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
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OTCQB
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American Lithium Reports Highest Grade Assay To-Date
and Expands Discovery to Over 2.5 km Strike at TLC Project
Vancouver, British Columbia - (April 16, 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 phase one drill
program on it’s growing TLC lithium claystone project (“TLC”) located just outside the regional mining
centre of Tonopah, Nevada.
Today’s release reports on holes 5 through 7 as well as number 17 of the 18-hole drill program. The assay
results for drill hole TLC-1917 were prioritized in order to gain an early assessment of the northern claim
area as we commence permitting for our planned phase two drill program . Early indications suggest that
the northern grades and thicknesses exceed those identified within our initial discovery drill hole (TLC-
1901).
Highlights
Highest grade interval reported now 1201 ppm Li over 44.2m in hole TLC-1917
Grade and thickness consistent with results of TLC-1901 through TLC-1904
Lithium grades continue to demonstrate consistent grades over wide down hole intervals
Extends know mineralization to over 2.5km (1.5 miles) strike and still open to expansion
10 additional drill hole assays are pending
Permitting submitted for 10 additional core drill holes
Drill Hole ID Top (m) Bottom (m) Interval (m) Grade (Li ppm)
TLC-1905 3.0 24.3 21.3 739
and 44.2 61.0 16.8 868
TLC-1906 71.7 86.9 15.2 1098
TLC-1907 3.0 79.2 76.2 855
TLC-1917 44.2 115.8 71.6 1201
Table 1 - Drill Intersections at a Lithium Cutoff Grade of 600 ppm
An updated map indicating the locations of the 18-hole drill program is available at:
https://www.americanlithiumcorp.com/projects/tlc-nevada/
Mike Kobler, CEO of American Lithium notes, “These results extend the strike of high-grade lithium
claystone to over 2.5 km and a width of 0.75 km. Hole TLC -1917 is our highest-grade intersection with
1201 ppm Li over 44.2 m using a 600 ppm Li bottom cut off. With over half of the results of this 18-hole
drill program still pending we are demonstrating consistency in mineralisation and thickness of lithium
bearing intervals across the project.”
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American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
Holes TLC-1905, 06, and 07 and 17 all have shallow depths to mineralization and significant continuous
mineralization.
Drill Hole ID Top (m) Bottom (m) Interval (m) Grade (Li ppm) Bottom Cut Off (Li ppm)
TLC-1905 3.0 65.5 62.5 629 300
or 3.0 24.3 21.3 739 600
and 44.2 61.0 16.8 868 600
or 50.3 56.4 6.1 1085 1000
TLC-1906 15.2 91.4 76.2 616 300
or 71.7 86.9 15.2 1098 600
or 71.7 85.4 13.7 1140 1000
TLC-1907 3.0 91.4 88.4 788 300
or 3.0 79.2 76.2 855 600
or 45.7 64.0 18.3 1118 1000
TLC-1917 3 127.4 120.4 881 300
or 44.2 115.8 71.6 1,201 600
or 48.8 102.1 53.3 1,366 1000
Table 2 - Drill Intersections at Various Lithium Cutoff Grades
Additional drill results anticipated within the next two weeks should aid in the determination of area-wide
grade and thickness assessment. 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 the TLC Discovery
The TLC lithium claystone discovery is a n exploration and development project located 12km northwest
of Tonopah, Nevada and easily accessible by paved highway. The fieldwork to-date indicates a near surface,
relatively flat-lying, free digging lithium claystone region that offers the potential of hosting a wide area of
high-grade lithium mineralization. With drilling ongoing, the company expects to deliver a maiden resource
and early stage economic study in 2019. Just south of the Crescent Dunes Solar Energ y Plant, the project
is favorably located for future production given the immediate access to some of the cheapest electricity in
Nevada.
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American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
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 currently exploring and
developing its recent TLC discovery and FLV Project 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 advancin g 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.
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 s tatements 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 Factors” in American Lithium’s most recently filed
MD&A. The Company does not intend, and expres sly 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.