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Ameriwest Lithium has expanded Edwards Creek Valley assets as a result of positive geophysical results, Canadian Business Journal

Vancouver, British Columbia, March 2, 2022 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0) is a North American lithium exploration and development company, announcing that it has expanded its scale with an additional 414 claims. Did.Edwards Creek Valley AssetsECV “ or “property”) A total of 22,200 acres of 1,243 consecutive claims. ((((See Figure 1 map of the claims area. )

We believe that the ECV, located about 120 miles east of Reno, Nevada, could host a large lithium-blind deposit based on geophysical studies previously conducted at the property. increase. David Watkinson, CEO of Ameriwest, commented: We believe that this lowland could host saltwater deposits with similar characteristics to those in the Clayton Valley, Nevada, subject to successful exploration. “

Figure 1: Ameriwest Lithium Edwards Creek Valley Claim Area: https://www.globenewswire.com/NewsRoom/AttachmentNg/712bd555-5b19-40ee-988a-408e135c4aee

As announced in the November 16, 2021 and January 7, 2022 press releases, Ameriwest asked Tom Carpenter, who is consulting with a geophysicist, to carry out Phase 1 gravity studies of ECV claims. Did. The field survey was completed from November 11, 2021 to November 19, 2021. The results of this gravity survey show a large geophysical lowland extending northeast of Ameriwest’s claim block. Ameriwest then bet an additional 414 claims so that the low gravity anomaly would be effectively captured within the company’s extended claims block. Low gravity is interpreted as a large depression filled with sediment. This is part of a closed valley that can host large lithium saline deposits. ((((See Figure 2 Gravity Bougue Map. )

Also announced on January 7, 2022, Ameriwest has signed a contract with Zonge International Inc. (“Zonge”) Perform Phase 2 Magnetoterrick (“MT”) geophysical studies of the property. The survey consisted of four profiles of MT lines totaling 22.4 km. However, due to bad weather, Zonge was able to complete only one of the four profiles in 2021. However, the single MT line showed low resistivity at a depth of about 400 to 1,000 m above the surface. The low resistivity indicates that the valley may host brine deposits, but the lithium content has not yet been determined.

Based on the large low gravity identified in the northeastern section of the Phase 1 claims block and preliminary results from a single Phase 2 MT line, Ameriwest extends Phase 2 investigations into two northeastern four. Includes additional MT lines. A line originally planned to cover the newly expanded claims. Zonge plans to schedule this work in early 2022, depending on the valley weather and ground conditions.

Figure 2: Edwards Creek Valley Gravity Bougue Map: https://www.globenewswire.com/NewsRoom/AttachmentNg/5abac1b1-ed2a-4a60-a5dc-8bcc1d3e68e8

The geological similarities between ECV and Clayton Valley do not guarantee the success of exploration in ECV, nor do they guarantee that mineral resources or reserves will be listed on the property. Mineral resources or reserves have not yet been defined in the ECV property. The technical aspects of this press release are David Watkinson, P. Eng, Qualified Person (QP) based on National Instrument 43-101. Reviewed and approved by.

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 exploration and development of the exciting and rapidly evolving lithium sector, and as an important aspect of developing useful and useful engagements, regular on-site communication, updates, and on-site communication, and 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 forecasts as of today 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...


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Ameriwest Lithium has expanded Edwards Creek Valley assets as a result of positive geophysical results, Canadian Business Journal

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