Ameriwest Lithium Completes Initial Geophysical Study of Nevada Properties

Rhea-AI Summary

Ameriwest Lithium Inc. has announced the completion of geophysical surveys at its Railroad Valley and Deer Musk East properties in Nevada. The Railroad Valley survey aimed to identify lithium brine-bearing strata, while the Deer Musk East property explored subsurface structures. Results from these investigations are expected by the end of September, guiding future exploration efforts. CEO David Watkinson expressed optimism about the potential for lithium deposits and the possibility of upcoming drilling programs.

Positive

• Completion of geophysical surveys at key properties.
• Anticipated results by end of September may lead to further exploration.
• Positive CEO outlook on potential lithium deposits.

Negative

• None.

VANCOUVER, British Columbia, Sept. 09, 2021 (GLOBE NEWSWIRE) -- Ameriwest Lithium Inc. (“Ameriwest” or the “Company”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and development company, is pleased to provide an update of recent exploration activities at its Deer Musk East and Railroad Valley Properties in Nevada.

Railroad Valley Property, Railroad Valley, NV.

Field work for the previously announced geophysical survey designed to determine the presence and depth of conductive and potentially lithium brine-bearing strata at the Company’s 6,240-acre Railroad Valley Property has been completed. The work included a 12.0 line-kilometer Magnetotelluric (“MT”) geophysical survey undertaken by Zonge International Inc. Data from the field work is currently being processed and analyzed by Zonge.

Deer Musk East Property, Clayton Valley, NV

Soil and rock chip sampling has been completed by Advanced Geologic Exploration Inc., a full-service geologic consulting firm. Concurrently, field work for geophysical studies, including seismic reflection for definition of subsurface strata and fault definition was accomplished. Additionally, gravity studies were undertaken for investigation of depth to bedrock and structures, as well as transient electromagnetics (“TEM”) were studied to evaluate the extend of conductors that may represent lithium brine hosting units. The geophysics were conducted and completed by Advanced Geoscience Inc., an international geoscience field services and consulting firm.

Results from the exploratory activities conducted at both properties are anticipated to be available by the end of September. At that time, the Company’s technical team will subject the results to a comprehensive analysis to determine the next important steps for advancing exploration on the properties.

David Watkinson, Ameriwest’s President & CEO, states, “It is an exciting time for Ameriwest as we await initial exploration results on our two recently staked exploration properties in Nevada. Results will help determine the potential for brine and/or sedimentary lithium deposits on the properties and, if initial exploration results are positive, could lead to drilling programs to test these targets.”

Ameriwest invites interested stakeholders and shareholders alike to visit its website and sign-up for regular news alerts which will help provide timely updates of ongoing activities. Company management believes strongly in regular communications, updates, and reports from the field, as an important aspect of developing informative and useful engagement as the Company continues to help explore and develop the exciting and rapidly evolving lithium sector.

On Behalf of the Board of Directors,

David Watkinson
President and Chief Executive Officer

For further information, please contact:
Ameriwest Lithium Inquiries
Glenn Collick, Director
Tel: +1 (778) 868-2226
info@ameriwestlithium.com
https://ameriwestlithium.com/

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

Ameriwest Lithium Inc. is a Canadian-based exploration company with a focus on identifying strategic lithium mineral resource projects for exploration and development. The Company is currently focused on exploring the Deer Musk East property, located in the prolific Clayton Valley, Nevada, totalling 5,600 acres, and the Railroad Valley property, totalling 6,200 acres. Additionally, Ameriwest’s current resource portfolio includes the ESN Project, located in White Pine County, Nevada, and the Koster Dam property, located in the Clinton Mining Division of British Columbia, in which Ameriwest has a 45% interest. For more information visit: https://ameriwestlithium.com/.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward‐looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward‐looking information. The Company’s actual results could differ materially from those anticipated in this forward‐looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, changes to the Company’s strategic growth plans, and other factors, many of which are beyond the control of the Company. The Company believes that the expectations reflected in the forward‐looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.

The Canadian Securities Exchange has not in any way passed upon the merits of the matters referenced herein and has neither approved nor disapproved the contents of this news release.

FAQ

What are the latest updates from Ameriwest Lithium as of September 2021?

Ameriwest Lithium has completed geophysical surveys at its Railroad Valley and Deer Musk East properties in Nevada, with results expected by the end of September.

What is the significance of the geophysical surveys conducted by Ameriwest Lithium?

The surveys are designed to identify the presence of lithium brine-bearing strata and assess subsurface structures, which are crucial for future exploration.

When can we expect results from Ameriwest Lithium's exploration activities?

Results from the exploration activities at both properties are anticipated to be available by the end of September 2021.

What properties is Ameriwest Lithium focusing on for lithium exploration?

Ameriwest Lithium is focusing on the Railroad Valley and Deer Musk East properties, both located in Nevada.

What is the outlook of Ameriwest's CEO regarding the recent exploration results?

CEO David Watkinson is optimistic that the results will indicate potential lithium deposits, possibly leading to drilling programs.