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Ameriwest Lithium Sets First 2023 Exploration Drilling Target at Thompson Valley Project

Vancouver, British Columbia, December 13, 2022 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or the “Firm”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and improvement firm, proclaims that it has acquired the outcomes of an expanded set of floor pattern assays from its Thompson Valley property (the “TV Property”) in Arizona. Floor sampling outcomes up to now on the TV property verify the widespread presence of great concentrations (>200 ppm) of lithium in floor lithologies, and the Firm plans to proceed with core drilling. in early 2023 to check a goal space recognized from the floor. sampling, topic to acquiring the mandatory authorizations.

Practically 200 samples have been acquired up to now by Ameriwest’s consulting geologist, Brian A. Beck, in September and October as a part of the continuation of the “part 1 of the exploration program”. Accordingly, an preliminary exploration goal space totaling 1,003 acres (406 ha) has been recognized throughout the 6,681 acres (2,785 ha) of mineral rights managed by the Firm. Samples had been acquired following the approval of a geological area operation plan by the Arizona State Division of Lands (ASLD).

Assay outcomes from floor seize samples from the TV property, analyzed by ALS Geochemistry (“ALS”) in Tucson, Arizona and Vancouver, BCpresent lithium grades of as much as 1,295 ppm Li. The places of persistently greater lithium grades had been used to delineate a potential exploration goal space for drilling, as mentioned under.

David WatkinsonPresident and CEO of ameriwest mentioned: “We’re delighted with these outcomes. This sedimentary deposit has clay properties with floor or close to floor exposures of lithium-bearing supplies, most of which have excessive carbonate content material. We look ahead to additional verification of the property’s potential to host a big lithium deposit by core drilling. We plan to go forward and authorize a drilling program with the state and hope to drill late within the first quarter or early within the second quarter of subsequent yr.

In regards to the sampling program
ameriwest introduced high outcomes from 44 samples from its Section 1 exploration program (the “Program”) on August 10, 2022. The continuation of this system was designed to check for the presence of lithium over a wider space of ​​the TV property. Floor seize samples had been acquired from shallow floor excavations in ravines that broke by means of floor soils and particles fields. Pattern places are proven in Determine 1.

Determine 1 Ameriwest Lithium Thompson Valley Floor Sampling

Two lithium-bearing developments are confirmed by the best lithium values ​​from this expanded sampling, one alongside the northwest-southeast trending Thompson Valley fault zone close to the bottom of the basalt, and one other alongside a northeast-southwest pattern by means of the primary zone. a part of Ameriwest Crown Lands in Sections 2 and 11. Part numbers are proven in Determine 1.

Determine 1 reveals the define of an exploration goal space recognized from this system for the TV property totaling 1,003 acres (406 hectares). The exploration goal space consists of mineral rights managed by the Firm and is positioned south of the higher boundary of the Thompson Valley Fault Zone and north of County Street 15. Additional north of the Thompson Valley fault, the TV property is overlain by a basalt circulation. It isn’t identified if any lithium-bearing clays lie beneath this basalt cowl and drilling will likely be required to find out this.

Floor samples analyzed within the exploration goal zone have lithium contents starting from 11 to 1,295 ppm Li. Of the 121 samples from this goal zone, 47% had a lithium content material larger than 200 ppm, 19% had lithium content material above 500 ppm and 4% was above 1000 ppm, with a imply of 285 ppm Li and a normal deviation of 290 ppmLi. Most lithium-containing samples are carbonate-rich and acid-reactive.

ameriwest acquired drilling information earlier within the yr from a former explorer within the Thompson Valley Area, GSA Assets, Inc.and people information embrace six drill holes in Sections 2 and 11 within the goal space, in addition to a number of holes within the Lyle’s mining lease, individually owned by Vanderbilt Chemical compounds. GSA drill information present that “clay” samples are current on this space to a depth of not less than 75 toes (23 m) and that the bottom of the clay interval has not been encountered. Be aware that this historic gap didn’t assay lithium, however it’s helpful in understanding the geology of the TV property. Drilling will subsequently be obligatory to find out the extent and depth of the clay deposit and its potential lithium content material.

This system was profitable in figuring out preliminary areas to focus on with a drill program. Sampling outcomes additionally confirmed lithium values ​​just like historic lithium floor sampling outcomes from the Nineteen Sixties, the place the USGS rated Li2O grades starting from 0.3% to 0.5% (1,400 to 2,300 ppm Li) and confirmed a rise in lithium content material with depth. These historic samples had been taken previous to the implementation of NI 43-101, haven’t been verified by a professional particular person, and are handled as historic data for use as a information for exploration functions.

ameriwest is within the means of designing a drilling plan and is within the means of acquiring the mandatory permits for this work, together with a right-of-way allow for the entry of the drill to the land, with the goal of finishing up a drilling program on the finish of the primary quarter or starting of the second quarter of subsequent yr. The drilling schedule will likely be topic to allow approvals and completion of state-required archaeological and native plant surveys. The last word objective is to outline lithium sources on the TV property. Be aware that no lithium sources or reserves have at present been delineated on the property.

An NI 43-101 technical report is at present being ready for the property which offers particulars on the above facets and different geological data and suggestions for a drilling program. The report is anticipated to be launched after the primary of the brand new yr.

In regards to the property
The TV Property is accessible from Yavapai County Street 15. It’s positioned 120 miles (190 km) north of Phoenix. The Firm has acquired mineral rights to six,681 acres (2,785 ha) consisting of 13 state mineral exploration licenses and 33 federal mining concessions.

QA/QC
Floor seize samples had been shipped to ALS Geochemistry in Tucson, Arizona for the preparation of the samples, then transmitted by ALS to its evaluation laboratory in Vancouver, BC for the assays. ALS is a number one laboratory and has obtained an accreditation certificates issued by the Requirements Council of Canada (SCC) and has demonstrated compliance with ISO/IEC 17025:2017 normal necessities for the competence of testing and calibration laboratories. The assay was carried out utilizing a 4-acid digestion and ICP-MS evaluation protocol. Blanks and requirements had been inserted into the samples despatched to the laboratory.

Certified individuals
Greg Bell, PE, and Brian BeckCPG, Certified Individuals beneath NI 43-101, have reviewed and accredited the technical content material of this launch.

About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (ESF: 5HV0)
Ameriwest Lithium Inc. is a Canada-based exploration firm centered on figuring out strategic lithium mineral useful resource initiatives for exploration and improvement. The Firm is at present centered on exploring its 13,580 acres railway valley property, the 22,210 acres Edwards Creek Valleyits 5,640 acres Small smoky valley property and his 7,600 acre Deer Musk East property at Nevada. As well as, the Firm is exploring the 6,681 acres Thompson Valley property in Arizona.

For extra data go to: https://ameriwestlithium.com/.

On behalf of the Board of Administrators,

David WatkinsonPresident and CEO

For extra data, please contact:
Invictus Investor Relations
Such. : +1 (604) 343-8661
[email protected]
https://ameriwestlithium.com/

Warning Relating to Ahead-Trying Info
Sure statements contained on this press launch might represent forward-looking data. Ahead-looking data is usually, however not at all times, recognized by way of phrases comparable to “anticipate”, “plan”, “estimate”, “anticipate”, “might”, “will”, “have the intention to”, “ought to”, and related expressions. Ahead-looking data entails identified and unknown dangers, uncertainties and different elements which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking data. The Firm’s precise outcomes may differ materially from these anticipated on this forward-looking data on account of regulatory selections, aggressive elements within the industries by which the Firm operates, prevailing financial situations, adjustments within the Firm’s strategic development plans and different elements, lots of that are past the Firm’s management. The Firm believes that the expectations mirrored within the forward-looking data are affordable, however no assurance could be on condition that such expectations will show to be appropriate and undue reliance shouldn’t be positioned on such forward-looking data. Any forward-looking data contained on this press launch represents the Firm’s expectations as of the date hereof and is topic to vary after such date. The Firm disclaims any intention or obligation to replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, besides as required by relevant securities legal guidelines.

The Canadian Securities Trade has by no means handed on the deserves of the issues talked about herein and has neither accredited nor disapproved of the contents of this press launch..

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Determine 1 Ameriwest Lithium Thompson Valley Floor Sampling

Determine 1 Ameriwest Lithium Thompson Valley Floor Sampling

Supply: Ameriwest Lithium Inc.

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