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Home» OTC news » AmeriLithium (AMEL): Update on First Phase Exploration Drilling Results

AmeriLithium (AMEL): Update on First Phase Exploration Drilling Results

Posted on May 4, 2011 by PennyStockHaven in OTC news - No Comments

AmeriLithium Provides Update on First Phase Exploration Drilling Results on Nevada Based Lithium Project
PR Newswire   “Press Releases US – English”

HENDERSON, NV , May 4, 2011 /PRNewswire/ — AmeriLithium Corp. (OTC Bulletin Board: AMEL; ” AmeriLithium ” or “the Company”) is pleased to provide an update on the laboratory results from the initial 3 holes of the Company’s 8-hole drill program on the Paymaster Canyon Lithium brine project in Nevada, USA . While the Company expected to have received results by this date from both the independent laboratories utilized in analyzing the first phase of exploration drilling, the Company is still awaiting confirmation of the results.

Preliminary results during the reconnaissance drilling itself were highly encouraging. Current and ongoing laboratory sample analyses, meanwhile, have encouraged the implementation of additional detailed analysis in the form of ICP – AES (Inductively Coupled Plasma – Atomic Emission Spectrometry), which will test for a range of metals, and the physical parameters of the water for pH, TDS, conductivity, and total alkalinity. The additional analysis will be based on previously acquired samples as well as additional secondary samples to be collected as soon as possible.

Simultaneously, the Company is waiting to receive its final QA/QC results from TestAmerica Laboratories, Inc. before finalizing and reporting details on AmeriLithium ‘s additional testing program.

“We’re as eager as our shareholders to have all the laboratory results in,” said Matthew Worrall , AmeriLithium ‘s CEO. “Once those results have been received and evaluated, then we’ll have the information we need to not only assess Paymaster’s potential with greater clarity, but also to plan our next step in exploration and development with the help of our VP of Exploration & Chief Geologist Robert Allender, the rest of the AmeriLithium team, and all the advisors we’ve had the benefit of working with so far.”

AMEL, AmeriLithium

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