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Ameriwest defines a lithium brine target for real estate in Railroad Valley, Nevada. CanadianBusinessJournal

Vancouver, British Columbia, March 10, 2022 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0) is a North American lithium exploration and development company, Zonge International Inc. (“Zonge”) has completed a Phase 2 geophysical geophysical survey (“MT Survey”) at the Railroad Valley Property, Nevada (“RRV” or “RRV Property”).

MT survey on RRV properties

The results of the MT study, which incorporates both Phase 1 and Phase 2 results, show that Ameriwest’s RRV properties may host large lithium brine deposits, subject to successful exploration.

The entire low gravity area covers an area about 3 miles (5 kilometers) wide and 6 miles (10 kilometers) long. Phase 1 and Phase 2 MT surveys consist of four lines, east and west. South half Low gravity lines were placed at 424000N, 4241000N, 4241950N, and 4243150N, as shown in Figure 1 below.

Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/18082928-5446-4b57-bd7b-03a3e3dae4d2.

As announced in Ameriwest’s February 16, 2022 press release, we have made 462 claims on RRV and 224 claims from the American Battery Technology Corporation (“ABTC”) (OTCQB: ABML) in the north. Has been obtained and is currently making 686 claims. Claim a total of 13,580 acres (5,500 hectares). We effectively manage areas that cover low gravity.

Figure 2 below shows the results of an MT survey of line 4243150N, which is located approximately in the center of the low center of gravity shown in Figure 1. Dark colors indicate locations with low resistivity (or conversely high resistivity). Potential brine target. Note that the RRV property does not yet list the lithium resource or reserves. Drilling is required to identify 1) the presence of brine and 2) lithium or other precious metals in the brine. Target depths range from approximately 1,000 feet (300 meters) below the surface to approximately 6,200 feet (1,600 meters) below the surface of the water. The lines 4241950N, 4241000N, and 424000N (north-south) shown in Figures 3, 4, and 5 below are sized southward, as expected based on low gravity with diminishing width. Shows a similar brine target with reduced. South at the same time.

Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2ceaee10-50fd-4725-8ac9-f0173fdb23e3.

Figure 3 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85b2154f-17c4-484c-8bce-c94428c02114.

Figure 4 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a3556895-d513-4caa-8d50-26f1db8bf9ed.

Figure 5 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65d43aae-be3e-4954-bddb-fee4b5359061.

Zonge’s scope of work has been extended to add two lines north of the current four lines to cover claims obtained from ABTC.

Ameriwest takes a systematic and step-by-step approach to exploration in RRV. This too:

  1. Gravity Geophysics (Complete);
  2. Completion of RRV property package (in progress).
  3. Magnetoterric (“MT”) Geophysics (in progress);
  4. Seismic analysis (in progress);
  5. A combination of 3D modeling of gravity, MT and seismic data.When
  6. Permission and drilling of Discovery Diamond Core Holes to determine the presence of lithium brine.

Information from historic oil and gas drilling, including seismic work, is available in Railroad Valley. Ameriwest has obtained some seismic data so far and is in the process of acquiring additional data to cover the extended RRV properties. Once the data acquisition is complete, we will complete the 3D modeling, identify the Discovery Diamond Core Hole, complete the permit, and tentatively drill in the summer or fall. The main scheduling hurdle is drill availability.

The technical aspects of this news release are David Watkinson, P. Eng. Reviewed and approved by. Qualified person (QP) based on National Instrument 43-101. He is the president and chief executive officer of our company.

Ameriwest will help interested stakeholders and shareholders as well contact the investor public relations team or visit our website to provide timely updates to ongoing activities. We encourage you to sign up for popular news alerts. Company management continues to support the research and development of the exciting and rapidly evolving lithium sector, with regular on-site communication, updates, and on-site communication, updates, and key aspects to developing useful and useful engagements. I strongly believe in the report.

On behalf of the board of directors

David Watkinson
President and Chief Executive Officer

For more information, please contact:
Invictus Investor Relations
Tel: +1 (604) 343-8661
info@ameriwestlithium.com
https://ameriwestlithium.com/

Ameriwest Lithium Inc.about (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)

Ameriwest Lithium Inc. is a Canada-based exploration company focused on identifying strategic lithium mineral resource projects for exploration and development. The company is currently focusing on exploring 13,580 acres of Railroad Valley real estate, 22,210 acres of Edwards Creek Valley, and 5,600 acres of Diamsk East real estate in Nevada. In addition, the company is investigating 2,860 acres of Thompson Valley real estate in Arizona.

For more information, please visit https://ameriwestlithium.com/.

Attention about future prospects

Certain statements contained in this news release may constitute information about future prospects. Information about future prospects is often, but not always, “anticipate,” “plan,” “estimate,” “expect,” “may,” “do,” and “intend.” , “Should” be used to identify. , And similar expressions. Forward-looking information includes known and unknown risks, uncertainties, and other factors that may cause actual results and events to differ materially from those expected in such forward-looking information. It will be. Our actual results relate to this future outlook as a result of regulatory decisions, competitive factors in the industries in which we operate, general economic conditions, changes in our strategic growth plans, and other factors. It can be very different from what you would expect from the information. Many are beyond the control of the company. We believe that the expectations reflected in the forward-looking information are reasonable, but there is no guarantee that these expectations will be correct and we overly trust such forward-looking information. Should not be. The forward-looking information contained in this news release represents our expectations as of the date of this document and is subject to change after that date. We disclaim any intention or obligation to update or revise future outlook information as new information, future events, or other consequences, except as required by applicable securities law.

The Canadian Stock Exchange has never inherited the benefits of the matters mentioned here and has not endorsed or disapproved the content of this news release.e..


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Ameriwest defines a lithium brine target for real estate in Railroad Valley, Nevada. CanadianBusinessJournal

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