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SmallCapReview.com to Add AmeriLithium - AMEL - SmallCapReview a leading site for news and information on small caps, penny stocks and microcaps is adding AmeriLithium (OTCBB: AMEL) to its list of stocks
SmallCapReview.com to Add AmeriLithium - AMEL

 

NewswireToday - /newswire/ - Winston-Salem, NC, United States, 2010/05/11 - SmallCapReview a leading site for news and information on small caps, penny stocks and microcaps is adding AmeriLithium (OTCBB: AMEL) to its list of stocks "On the Radar".

   
 
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AmeriLithium is a mining company committed to progressively developing into one of the leading American players in the global lithium industry. The Company is headquartered in Lake Tahoe, NV.

AmeriLithium has amassed a lithium portfolio consisting of 724,000 acres, including three Nevada based projects nearby the only lithium producing plant in the US, a large project in Alberta, Canada, and a project in Western Australia.

AMEL Investor Highlights
Announced it has recently executed a definitive agreement thereby acquiring 100% of the assets of the 5,280-acre (8.25 square mile) Clayton Deep Lithium brine project, covering the entire Southwest Gravity Low in Clayton Valley, NV.

The Clayton Deep project's placer claims lie less than 10 miles southwest of the only US-based Lithium producing plant, operated by Chemetall Foote Corporation, a subsidiary of Rockwood Holdings, Inc. The plant has been in production since 1967, producing an estimated 50 million kg (55,000+ tons) of Lithium to date from the region's rich brines.

AmeriLithium's Paymaster Project represents a 5,880-acre claim block adjacent to the Clayton Valley playa, where lithium-rich brines and evaporates have been accumulating for more than 30,000 years, resulting in the highest lithium content found in any brines tested by the US Geological Survey ( USGS ) in southwestern US playas and basins.

Announced it has recently executed a definitive agreement thereby acquiring 100% of the assets of the 5,760-acre (9 square mile) Full Monty project in Nye County, NV. The federal placer mining claims lie 25 miles north of Clayton Valley's prime Lithium-mining region.

The Full Monty location represents excellent logistics for project exploration and development, including an established road system and high voltage power lines that cross the Company's property. In terms of geology, the area is one of intense Quaternary faulting, the same age (150,000 years) faulting and on strike with the Paymaster Fault in Clayton Valley. The Full Monty gravity low in particular covers roughly 4,800 acres or 7.5 square miles; in comparison, Chemetall Foote's Lithium brine field in nearby Clayton Valley is only 2 square miles and has been producing continuously for 43 years.

On March 22, 2010, AmeriLithium announced it had recently executed a definitive agreement thereby acquiring a 100% NRI (Net Revenue Interest) in the assets of the Wagin Salt Lakes Property in Wagin, Western Australia. AmeriLithium's three Australian plays cover 43,000+ acres around and abutting Lake Dumbleyung, where a 2007-2008 survey for Reward Minerals Ltd reported the presence of salt lake brine with a Lithium concentration of 530 mg/liter (by way of comparison, the only US-based Lithium producing plant – operated by Chemetall Foote Corporation in Nevada – originally began operation at 400 mg/liter).

On March 17, 2010, AmeriLithium announced it had recently executed a definitive agreement thereby acquiring a 100% NRI (Net revenue Interest) in the assets of the Americana Property in Alberta, Canada. The Americana Property is one of the largest claims if its type in the region, representing ~664,049 acres overlying a potential extension of the Leduc Formation and Beaverhill Lake Group strata/Swan Hills Formation. These two formations were identified by the Alberta Geological Survey (AGS) as containing formation waters containing potentially economic amounts of Lithium.

To learn more about AMEL visit SmallCapReview.com/.

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SmallCapReview.com to Add AmeriLithium - AMEL

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