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VANCOUVER, British Columbia, July 19, 2022 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or the “Firm”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and growth firm, is happy to announce it has acquired extra claims greater than doubling the scale of its Little Smoky Valley Property in Nevada.
Ameriwest acquired the 178 unpatented lode mineral claims from Port Mercantile Holdings Ltd. (“Port Mercantile”). The claims, situated about 30 miles south of Eureka Nevada, will enhance the Firm’s place on the Little Smoky Valley Property (the “LSV Property”) to 282 unpatented lode mineral claims encompassing about 5,600 acres. As a part of the acquisition settlement (the “Settlement”), Ameriwest will problem 2.3M shares and pay US$150,000 to Port Mercantile, in trade for 100% possession of the claims. The transaction is topic to regulatory approval.
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As introduced in a June 7, 2022, press launch, the LSV Property is adjoining to Clear Sky Lithium Corp.’s (“Clear Sky”) ELi Lithium Property. Ameriwest’s claims cowl a sequence of volcanic sedimentary rocks of decrease Miocene to Oligocene age together with tuffs, mudstones, claystones, and siltstones that administration believes has the potential to host lithium mineralization. A current NI 43-101 Technical Report entitled “The ELi Sediment-Hosted Lithium Deposit, Eureka and Nye Counties, Nevada: Technical Report” was ready by Robert J. Johansing, BSc Geology, MSc Financial Geology, QP MMSA, efficient date January 4, 2022, is offered beneath Clear Sky’s company filings at www.sedar.com. The Technical Report summarizes soil sampling outcomes from 133 soil samples on the ELi Property, consisting of 26 mineral claims, with outcomes starting from 44.5 to 801.7 ppm lithium. Ameriwest’s geologists haven’t verified the outcomes reported by Clear Sky however imagine the encompassing space, the place Ameriwest staked or acquired its 282 claims, has potential for lithium mineralization, topic to exploration success. Ameriwest initially plans to conduct floor soil and rock chip sampling on the property to verify the presence of lithium. If profitable, the Firm will conduct additional exploration actions corresponding to geophysics and drilling.
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David Watkinson, President, and CEO said, “The enlargement of Ameriwest’s LSV Property is a part of the Firm’s ongoing technique to stake or purchase a bunch of high-quality lithium clay and brine exploration properties within the mining-friendly jurisdictions of Nevada and Arizona. Ameriwest has acquired 5 lithium exploration properties since early 2021, arguably making the Firm one of many main lithium exploration firms in North America”.
Technical points of this information launch have been reviewed and authorised by David Watkinson, P.Eng.; a Certified Particular person (QP) beneath Nationwide Instrument 43-101; who’s the President and CEO of the Firm.
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)
Ameriwest Lithium Inc. is a Canadian-based exploration firm with a deal with figuring out strategic lithium mineral useful resource tasks for exploration and growth. The Firm is at the moment centered on exploring its 13,580-acre Railroad Valley property, the 22,210-acre Edwards Creek Valley, and the 5,600-acre Deer Musk East property in Nevada. As well as, the Firm is exploring the two,860-acre Thompson Valley property in Arizona.
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For extra data go to: https://ameriwestlithium.com/.
On Behalf of the Board of Administrators,
“David Watkinson”
President and Chief Government Officer
For additional data, please contact:
Invictus Investor Relations
Tel: +1 (604) 343-8661
information@ameriwestlithium.com
https://ameriwestlithium.com/
Warning Concerning Ahead-Wanting Info
Sure statements contained on this information launch could represent ahead‐wanting data. Ahead‐wanting data is usually, however not all the time, recognized by way of phrases corresponding to “anticipate”, “plan”, “estimate”, “anticipate”, “could”, “will”, “intend”, “ought to”, and related expressions. Ahead‐wanting data includes identified and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such ahead‐wanting data. The Firm’s precise outcomes might differ materially from these anticipated on this ahead‐wanting data because of regulatory selections, aggressive components within the industries during which the Firm operates, prevailing financial situations, modifications to the Firm’s strategic development plans, and different components, a lot of that are past the management of the Firm. The Firm believes that the expectations mirrored within the ahead‐wanting data are cheap, however no assurance could be on condition that these expectations will show to be appropriate and such ahead‐wanting data shouldn’t be unduly relied upon. Any ahead‐wanting data contained on this information launch represents the Firm’s expectations as of the date hereof and is topic to alter after such date. The Firm disclaims any intention or obligation to replace or revise any ahead‐wanting data whether or not because of new data, future occasions or in any other case, besides as required by relevant securities laws.
The Canadian Securities Change has not in any method handed upon the deserves of the issues referenced herein and has neither authorised nor disapproved the contents of this information launch.
Commercial
Creator of the article:
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VANCOUVER, British Columbia, July 19, 2022 (GLOBE NEWSWIRE) — Ameriwest Lithium Inc. (“Ameriwest” or the “Firm”) (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0), a North American lithium exploration and growth firm, is happy to announce it has acquired extra claims greater than doubling the scale of its Little Smoky Valley Property in Nevada.
Ameriwest acquired the 178 unpatented lode mineral claims from Port Mercantile Holdings Ltd. (“Port Mercantile”). The claims, situated about 30 miles south of Eureka Nevada, will enhance the Firm’s place on the Little Smoky Valley Property (the “LSV Property”) to 282 unpatented lode mineral claims encompassing about 5,600 acres. As a part of the acquisition settlement (the “Settlement”), Ameriwest will problem 2.3M shares and pay US$150,000 to Port Mercantile, in trade for 100% possession of the claims. The transaction is topic to regulatory approval.
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Article content material
As introduced in a June 7, 2022, press launch, the LSV Property is adjoining to Clear Sky Lithium Corp.’s (“Clear Sky”) ELi Lithium Property. Ameriwest’s claims cowl a sequence of volcanic sedimentary rocks of decrease Miocene to Oligocene age together with tuffs, mudstones, claystones, and siltstones that administration believes has the potential to host lithium mineralization. A current NI 43-101 Technical Report entitled “The ELi Sediment-Hosted Lithium Deposit, Eureka and Nye Counties, Nevada: Technical Report” was ready by Robert J. Johansing, BSc Geology, MSc Financial Geology, QP MMSA, efficient date January 4, 2022, is offered beneath Clear Sky’s company filings at www.sedar.com. The Technical Report summarizes soil sampling outcomes from 133 soil samples on the ELi Property, consisting of 26 mineral claims, with outcomes starting from 44.5 to 801.7 ppm lithium. Ameriwest’s geologists haven’t verified the outcomes reported by Clear Sky however imagine the encompassing space, the place Ameriwest staked or acquired its 282 claims, has potential for lithium mineralization, topic to exploration success. Ameriwest initially plans to conduct floor soil and rock chip sampling on the property to verify the presence of lithium. If profitable, the Firm will conduct additional exploration actions corresponding to geophysics and drilling.
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David Watkinson, President, and CEO said, “The enlargement of Ameriwest’s LSV Property is a part of the Firm’s ongoing technique to stake or purchase a bunch of high-quality lithium clay and brine exploration properties within the mining-friendly jurisdictions of Nevada and Arizona. Ameriwest has acquired 5 lithium exploration properties since early 2021, arguably making the Firm one of many main lithium exploration firms in North America”.
Technical points of this information launch have been reviewed and authorised by David Watkinson, P.Eng.; a Certified Particular person (QP) beneath Nationwide Instrument 43-101; who’s the President and CEO of the Firm.
About Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AWLIF) (FSE: 5HV0)
Ameriwest Lithium Inc. is a Canadian-based exploration firm with a deal with figuring out strategic lithium mineral useful resource tasks for exploration and growth. The Firm is at the moment centered on exploring its 13,580-acre Railroad Valley property, the 22,210-acre Edwards Creek Valley, and the 5,600-acre Deer Musk East property in Nevada. As well as, the Firm is exploring the two,860-acre Thompson Valley property in Arizona.
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Article content material
For extra data go to: https://ameriwestlithium.com/.
On Behalf of the Board of Administrators,
“David Watkinson”
President and Chief Government Officer
For additional data, please contact:
Invictus Investor Relations
Tel: +1 (604) 343-8661
information@ameriwestlithium.com
https://ameriwestlithium.com/
Warning Concerning Ahead-Wanting Info
Sure statements contained on this information launch could represent ahead‐wanting data. Ahead‐wanting data is usually, however not all the time, recognized by way of phrases corresponding to “anticipate”, “plan”, “estimate”, “anticipate”, “could”, “will”, “intend”, “ought to”, and related expressions. Ahead‐wanting data includes identified and unknown dangers, uncertainties and different components that will trigger precise outcomes or occasions to vary materially from these anticipated in such ahead‐wanting data. The Firm’s precise outcomes might differ materially from these anticipated on this ahead‐wanting data because of regulatory selections, aggressive components within the industries during which the Firm operates, prevailing financial situations, modifications to the Firm’s strategic development plans, and different components, a lot of that are past the management of the Firm. The Firm believes that the expectations mirrored within the ahead‐wanting data are cheap, however no assurance could be on condition that these expectations will show to be appropriate and such ahead‐wanting data shouldn’t be unduly relied upon. Any ahead‐wanting data contained on this information launch represents the Firm’s expectations as of the date hereof and is topic to alter after such date. The Firm disclaims any intention or obligation to replace or revise any ahead‐wanting data whether or not because of new data, future occasions or in any other case, besides as required by relevant securities laws.
The Canadian Securities Change has not in any method handed upon the deserves of the issues referenced herein and has neither authorised nor disapproved the contents of this information launch.
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