- Ameriwest Lithium (AWLI) has added Edwards Creek Valley to its growing list of mineral claims in Nevada
- The company believes Edwards Creek is highly prospective for the discovery of lithium brine deposits
- The property is strategically located two hours east of Tesla’s Gigafactory and 2.5 hours north of Albemarle’s Silver Peak operation
- Ameriwest Lithium identifies lithium projects for exploration and development
- Ameriwest Lithium (AWLI) closed down by 15.56 per cent trading at $0.76 per share
Ameriwest Lithium (AWLI) has added Edwards Creek Valley to its growing list of mineral claims in Nevada.
The company has staked 847 placer mineral claims covering 16,940 acres, which it believes to be highly prospective for the discovery of lithium brine deposits.
Previous work by the United States Geological Survey found anomalous concentrations of lithium.
The adjacent Smith Creek Valley has yielded up to 470 ppm lithium in surface sampling.
Edwards Creek has also been characterized to contain saline-alkaline fluids with direct fluid input offering geothermal energy production potential.
The property is strategically located two hours east of Tesla’s Gigafactory and 2.5 hours north of Albemarle’s Silver Peak operation in Clayton Valley.
David Watkinson, President and CEO of Ameriwest, stated,
“ECV exhibits similar geologic characteristics of the Clayton Valley, which contains North America’s only operating lithium mine, which is operated by Albemarle Corporation.
Ameriwest’s technical team has recognized the potential of the valley and the property as a likely host for lithium brine deposits, and we are excited to move forward with a geophysics study to achieve an understanding of the subsurface possibilities for lithium brines that may be hosted in various aquifers.”
Ameriwest Lithium identifies lithium projects for exploration and development.
Ameriwest Lithium (AWLI) closed down by 15.56 per cent trading at $0.76 per share.
