SmallCapVoice: AmeriLithium (AMEL) Announces Positive CSAMT Survey Results on Nevada-based Full Monty Lithium Brine Project
AmeriLithium Corp. announced positive results from its 2nd stage controlled source audio magneto-telluric (CSAMT) survey on the Company’s Full Monty lithium project. Results from a previous gravity survey were used to place the CSAMT survey lines over the deepest part of the Full Monty basin. The stratigraphic and structural detail shown in the CSAMT data for the three survey lines indicates the presence of highly conductive layers that are indicators of brines below the surface within the Company’s claim block in Nevada.
The team of J.L. Wright Geophysics and Zonge International completed the CSAMT survey over the deep basin underlying the Full Monty property that was identified in the recent gravity survey of the area commissioned by the Company. Wright compiled and interpreted the data collected by Zonge with the objective of further defining geologic structures and sedimentary stratigraphy in the basin. The ultimate aim of the survey was to identify drilling targets that will be tested during the next phase of the Company’s exploration program.
Sedimentary units are evident in the interpreted data along all three survey lines. Distinct low-resistivity layers stand out on all survey profiles as separate from high-resistivity beds above and below. Brine rich aquifers are expected to exhibit low resistivities and be contained within sedimentary units. The conductive layers in the Full Monty basin fit these criteria. However, it is important to note that low resistivities and a layered geometry are no guarantee of economic brine concentrations. The layers could simply represent a particularly porous unit unusually saturated by a large volume of typical ground water. Regardless, these low resistivity units are excellent lithium-bearing brine exploration drill targets. The only true test for economic concentrations of lithium is drilling, groundwater sampling, and laboratory analysis, which comprise the next step in AmeriLithium’s exploration process.
Three drillhole locations have been identified based on the CSAMT results. Drilling depths are anticipated to be between 2,360 and 2,700 feet (720 and 825 meters). Drillholes will be designed to penetrate into the low-resistivity unit and collect water samples for analysis. An additional target will be the base of the conductive layer in order to confirm the stratigraphy in the basin.
[Additional survey and report details are provided further below, and the full report is also available for download on the Company's website at http://www.AmeriLithium.com.]
Matthew Worrall, AmeriLithium’s CEO, commented: “As with our Clayton Deep project, we’ll now proceed to utilize these CSAMT results in planning and executing our exploratory drill program on the project. Meanwhile, we’re looking forward to shortly receiving the final CSAMT reports on our Jackson Wash project.”
The Full Monty Project represents a 5,300-acre block (8.25 square miles) of federal placer mining claims in Nye County, Nevada, 25 miles north of Clayton Valley’s prime lithium-mining region. The project covers the gravity low of the intersection of the Montezuma Trough (gravity) lineament with the Big Smoky Valley lineament. Gravity lows such as the Full Monty Gravity Low are thought to be traps for lithium-bearing groundwater.
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