- Ameriwest Lithium (AWLI) has initiated a deep target geophysical study at its Railroad Valley Property
- The property is located northeast of the lithium hotbed of Clayton Valley, Nevada
- The geophysical survey is designed to determine the presence and depth of conductive and potentially lithium brine-bearing strata
- The Railroad Project encompasses 6,240 acres for total of 312 placer claims
- The project offers certain geological similarities to Clayton Valley, but the company believes it represents a new and virtually unexplored target
- Ameriwest Lithium is up 10.23 per cent, trading at $0.97 at 2:57 pm ET
Ameriwest Lithium (AWLI) has initiated a deep target geophysical study at its Railroad Valley Property.
The property is located northeast of the lithium hotbed of Clayton Valley, Nevada.
The Railroad Project encompasses 6,240 acres for a total of 312 placer claims.
Railroad Valley offers certain geological similarities to Clayton Valley, but the Vancouver company believes it differs in that it represents a new and virtually unexplored target, with only a handful of companies present in the area.
Within the project area at Railroad Valley, there appears to be a convergence of factors favourable for lithium brine formation, including a deep hydrological reservoir covered by an evaporative playa.
The geophysical survey is designed to determine the presence and depth of conductive and potentially lithium brine-bearing strata.
“We are excited to initiate this geophysics program on our recently staked Railroad Valley Property. This is one of Nevada’s largest trapped drainage basins and has geologic potential to host large lithium brine deposits. Railroad Valley is about six times the size of Clayton Valley, where the only producing lithium mine in North America is operated by Albemarle Corporation. The Railroad Valley basin has many similar geological and physiological characteristics with the well-known Clayton Valley basin, and this study will be a first step for Ameriwest in exploring the potential for lithium brine deposits in the southern portion of the Railroad Valley basin,” said Ameriwest President and CEO David Watkinson.
Vancouver-based Ameriwest Lithium remains focused on identifying strategic lithium mineral resource projects for exploration and development.
The company’s current resource portfolio also includes the ESN Project, located in White Pine County, Nevada, and the Koster Dam property, located in the Clinton Mining Division of British Columbia.
Ameriwest Lithium is up 10.23 per cent, trading at $0.97 at 2:57 pm ET.
