Nov 29 2016
American Lithium Corp. (TSX VENTURE:LI)(OTCQB:LIACF)(FRANKFURT:5LA)(WKN:A2AHEL) ("American Lithium" or the "Company"), is pleased to announce that the Company has received approval for its revised drilling permit and thus will be initiating a five well drill program at the Fish Lake Valley lithium exploration project. The Company also announces that it has now received the required permitting to drill up to six wells on its Clayton Valley property. Drilling is expected to commence in early January.
The two drill programs are designed to collect information on aquifer characteristics and test the lithium values in aquifer brines. The Company intends on deploying a sonic drill rig equipped to reach depths of 300 metres (1000 feet).
Mike Kobler, COO, commented "I am pleased to have received these important permits. Our work to date has produced a large and growing information base on our projects and we have now used this knowledge to specifically design a sonic drill rig capable of drilling to depths of 300 plus metres. This technique provides us with the most cost-effective and timely drilling possible."
Michael Collins, P.Geo. is the Company's designated Qualified Person within the meaning of National Instrument 43-101, and has reviewed and approved the technical information contained in this news release.
Source: http://www.americanlithiumcorp.com/