American Lithium Reports on Successful Phase I Conclusion and Commences Phase II Drill Program at Nevada TLC Project
American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
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American Lithium Reports on Successful Phase I Conclusion
and Commences Phase II Drill Program at Nevada TLC Project
VANCOUVER, British Columbia, June 18, 2019 (GLOBE NEWSWIRE) — American Lithium Corp. (LI.V)
(LIACF) (5LA1.F) a leading acquisition, exploration and development operator is extremely pleased to
announce assay results from the final five scheduled Phase I drill holes on its growing TLC sedimentary
lithium project located just outside the regional mining centre of Tonopah, Nevada.
Highlights
• Best grade and thickness to date with 1237 ppm lithium (Li) over 67.1 m in hole TLC -1916;
• Four additional drill holes with “best in class” gr ades and continued consistent near-surface
thickness and grades;
• Core drilling rig mobilized to verify Reverse Circulation (“RC”) drill results on certain drill holes,
test the western extension of the mineralized zone and identify depth to the water table and core
sampling for metallurgical studies;
• 8 additional RC drill holes scheduled to target mineral zone extensions to the north, south and
west;
Summary Results for Drill Holes TLC-1913 to TLC-1916 and TLC-1918
Drill Hole
ID
Top
(m)
Bottom
(m)
Interval
(m)
Grade
(Li ppm)
TLC-1913 13.7 67.0 53.3 1125
TLC-1914 16.8 71.7 54.9 1034
TLC-1915 30.5 67.1 36.6 1142
TLC-1916 29.0 96.1 67.1 1237
TLC-1918 3.0 70.1 67.1 1083
Lithium cut-off grade of 600 ppm
An updated map indicating the locations of the 18 -hole Phase I drill program is available
at: https://www.americanlithiumcorp.com/projects/tlc-nevada/
Mike Kobler, CEO of American Lithium notes, “ We couldn’t be happier to see the last 5 drill holes
demonstrate consistent high-grade mineralization. From a comparative industry standpoint Ganfeng’s
recent investment in the sedimentary lithium of Sonoran Lithium alongside Tesla’s recent public
discussions regarding direct investment in lithi um mining evidences the importance of continuing to
develop our TLC Nevada project.”
2
American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
Holes TLC-19013 through 1916 and TLC 1918 all have shallow depths to mineralization and significant
continuous mineralization.
Summary Results Using Varied Lithium Cut-off Grades
Drill Hole
ID
Top
(m)
Bottom
(m)
Interval
(m)
Grade
(Li ppm)
Bottom Cut
(Li ppm)
TLC-1913 3.0 80.7 77.7 665 300
or 13.7 67.0 53.3 1125 600
or 15.2 57.9 42.7 1231 1000
TLC-1914 0.0 86.9 86.9 810 300
or 16.8 71.7 54.9 1034 600
or 21.3 59.4 38.1 1195 1000
TLC-1915 3.0 76.2 73.2 808 300
or 30.5 67.1 36.6 1142 600
or 30.5 57.9 27.4 1232 1000
TLC-1916 3.0 94.4 91.4 942 300
or 29.0 96.1 67.1 1237 600
or 30.5 42.7 12.2 1425 1000
and
or 50.3 76.2 25.9 1425 1000
TLC-1918 3.0 86.8 83.8 939 300
or 3.0 70.1 67.1 1083 600
or 24.4 67.1 42.7 1285 1000
With a Core recovery drill rig set to get turning this week, American Lithium looks forward to further drill
results to expand on the potential of the TLC project.
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 moisture 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
3
American Lithium Corp.
Suite 1507-1030 West Georgia Street, Vancouver, British Columbia, V6E 2Y3
americanlithiumcorp.com
The TLC sedimentary lithi um discovery is an 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 sedimentary region that off ers 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 Energy Plant, the project is favorably located for future production given the immediate access to
some of the cheapest electricity in Nevada.
About American Lithium Corp. (LI.V) (LIACF) (5LA1.F)
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 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.
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 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.
CONTACT
Tyler Ross, VP Investor Relations
+1 (604) 428-6128 Ext. 205