- Ameriwest Lithium (AWLI) released results from a magnetotelluric geophysical survey at its Edwards Creek Valley property
- The survey shows that the property has the potential to host a much larger shallow brine target than previously thought
- Edwards Creek consists of 1,243 contiguous claims totalling 222 sq. km. The company completed six lines as part of the survey to cover the claim area
- Ameriwest Lithium (AWLI) is up 11.48 per cent, trading at C$0.68 a share as of 2:45 pm ET
Ameriwest Lithium (AWLI) released results from a magnetotelluric (MT) geophysical survey at its Edwards Creek Valley property.
The survey shows that the property has the potential to host a much larger shallow brine target than previously thought.
Edwards Creek consists of 1,243 contiguous claims totalling 222 sq. km. The company completed six MT lines as part of the MT survey to cover the claim area.
The cross-section above shows a large shallow near-surface zone of high conductivity in dark colours. Ameriwest is looking for areas with resistivities of less than 1.5 ohm-m. Low resistivities of less than 1.5 ohm-m indicate the potential location of brine targets which may host lithium.
Ameriwest’s President and CEO, David Watkinson, stated that the delineation of a large near-surface brine target appears to be almost 20 square kilometres in size.
“The company plans to move forward with permitting to test this shallow target with drilling and will ultimately follow up with testing of the deeper targets in the future.”
Ameriwest Lithium Inc. (AWLI) is a Vancouver-based junior mining company focused on identifying lithium mineral resource projects for exploration and development. The company is exploring its 55 sq. km. Railroad Valley property, the 90 sq. km. Edwards Creek Valley, and the 22 sq. km. Deer Musk East property in Nevada. The company is also exploring Arizona’s 11 sq. km. Thompson Valley property.
Ameriwest Lithium (AWLI) is up 11.48 per cent, trading at C$0.68 a share as of 2:45 pm ET.
