Ameriwest Critical Metals Inc. reports company news centered on critical minerals exploration, property ownership and technical work across its North American project portfolio. Recurring updates cover the 100%-owned Bornite Property in Oregon, including claim expansion, historical data review, breccia pipe-style target generation, 3D geological modeling, geological consulting work and drill-target planning.
Other company updates describe the Xeno Rare Earth property in British Columbia, the Thompson Valley lithium clay project in Arizona, lithium property interests in Nevada, access arrangements, technical reports, financings and portfolio-level corporate updates tied to exploration and resource-development activities.
Ameriwest Lithium Inc. (OTC: AWLIF) announced a Spin-Out of its non-lithium assets into ISM Resources Corp. on March 31, 2022. Through an Arrangement Agreement, existing shareholders will receive new Ameriwest shares and ISM shares. The company plans to conduct a non-brokered private placement of up to 10,550,000 ISM units at $0.10 each, with expected gross proceeds of $1,055,000. The Spin-Out is subject to shareholder and court approvals and ISM aims to list its shares on the Canadian Securities Exchange.
Ameriwest Lithium Inc. (CSE: AWLI, OTC: AWLIF) announced the acquisition of an additional 57 line-miles of seismic data from Seismic Exchange Inc., bringing the total to 83.7 line-miles. This data pertains to the 15,300-acre Railroad Valley property in Nevada, believed to have significant lithium brine potential. Recent analyses indicate the presence of a potential brine reservoir between 2,000 to 4,000 feet deep. The company aims to create a 3-D geological model to establish drill targets and plans to pursue drilling in 2022.
Ameriwest Lithium Inc. (CSE: AWLI, OTC: AWLIF) announced the completion of a Phase 2 Magnetotelluric geophysical survey at its Railroad Valley Property in Nevada. The survey results indicate potential for a substantial lithium brine deposit, with an area measuring approximately three miles by six miles. The company has staked 462 claims and acquired 224 additional claims, totaling 13,580 acres. The next steps include 3-D modeling and drilling a core hole to confirm lithium presence. Technical aspects are reviewed by Qualified Person David Watkinson.
Ameriwest Lithium has expanded its Edwards Creek Valley property, adding 414 claims for a total of 1,243 claims across 22,200 acres. This expansion follows a successful gravity geophysical study that revealed a significant gravity low, suggesting potential lithium brine deposits. While the company sees geological similarities to Clayton Valley, it is important to note that no mineral resources have been defined yet. Future studies, including additional geophysical surveys, are planned to further investigate the area's potential.
Ameriwest Lithium Inc. has announced the acquisition of 224 claims from American Battery Technology Company, expanding its Railroad Valley property to 686 contiguous claims over 13,580 acres. Geophysical studies indicate potential for a substantial lithium brine deposit in this area. CEO David Watkinson expressed excitement over the discovery of a large gravity low, which is interpreted as a depression likely containing lithium-rich sediments. The company plans further testing and drilling to assess the lithium potential, with a purchase price of USD 175,000 comprising cash and shares. Regulatory approval is pending.
Ameriwest Lithium Inc. (CSE: AWLI; OTC: AWLIF) provided an exploration update on its Nevada properties as of January 7, 2022. The company reported promising results from seismic data analysis indicating a potential brine reservoir at Railroad Valley. Additionally, gravity survey results at Edwards Creek Valley suggest deeper sections may host brine deposits. A complaint regarding a claim dispute at Deer Musk East could pose challenges. Overall, no mineral resources or reserves have been defined yet, but plans for further geophysical studies and potential drilling are underway.
Ameriwest Lithium Inc. (CSE: AWLI, OTC: AWLIF) announced an agreement with Think Ink Marketing Inc. to enhance its exposure in the mining sector. The initial one-month term begins on December 15, 2021, costing $100,000. The Company also updated on its geophysical exploration at the Edward’s Creek Valley, with a gravity survey commencing on November 12 and a follow-up Magnetotelluric survey starting November 19. Ameriwest secures extensive mineral claims across 15,735 acres, indicative of potential lithium brine deposits.
Ameriwest Lithium Inc. (CSE: AWLI, OTC: AWLIF) announced the acquisition of high-quality seismic data related to its Railroad Valley property in Nevada, covering 9,097 acres. This data, obtained from Seismic Exchange Inc., will enhance the understanding of basin characteristics and aid in future drilling targets. The total cost for the acquisition and interpretation is about US$106,000, offering significant savings compared to traditional fieldwork. The project is expected to be completed by Christmas 2021, providing a faster timeline for obtaining seismic reports.
Ameriwest Lithium Inc. (CSE: AWLI, OTC: AWLIF) announced the acquisition of 150 additional placer claims at its Railroad Valley property in Nevada, expanding the total to 462 claims over 9,097 acres. This follows positive preliminary results from a geophysical survey conducted by Zonge International in Q3 2021, which indicated the potential presence of lithium brine-bearing strata. Railroad Valley, noted for its geological similarities to Clayton Valley, presents significant exploration potential as it is less developed compared to more crowded regions.
Ameriwest Lithium Inc. has secured seven exploration permits from the Arizona State Land Department, enabling the exploration of lithium-bearing clays over approximately 2,859 acres in Yavapai County, Arizona. This property, named the Thompson Valley Hectorite Deposit, is strategically located near existing mining operations and has historic lithium grades comparable to similar deposits in Clayton Valley, NV. The company plans to conduct geological mapping and surface sampling to evaluate the lithium content further as it advances its exploration initiatives in the rapidly evolving lithium sector.