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AMERIWEST CRITICAL METALS (AWLIF) Stock News, Aug-Sep 2021

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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.

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Ameriwest Lithium Inc. (CSE: AWLI, OTC: AWLIF) announced the staking of 847 placer mineral claims in Nevada’s Edwards Creek Valley, covering 16,940 acres. This strategic acquisition allows the company to explore potential lithium brines in an area sharing geological traits with Clayton Valley, home to North America’s only operating lithium mine. The company plans a geophysics study to evaluate subsurface lithium potential. Additionally, Melissa Vettoretti has been appointed Corporate Secretary.

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Ameriwest Lithium Inc. recently announced a favorable geophysics report on its Deer Musk East property in Nevada's Clayton Valley. The report, prepared by Advanced Geoscience Inc., indicates a strong likelihood of lithium brine deposits, recommending further geophysical studies and drilling to assess lithium content. The geophysical program included extensive seismic and gravity surveys, revealing potential traps for lithium-rich brines. The property's proximity to successful lithium exploration projects provides a useful exploration framework. Ameriwest has also engaged Invictus Investor Relations for enhanced communication with stakeholders.

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Ameriwest Lithium Inc. has announced the completion of geophysical surveys at its Railroad Valley and Deer Musk East properties in Nevada. The Railroad Valley survey aimed to identify lithium brine-bearing strata, while the Deer Musk East property explored subsurface structures. Results from these investigations are expected by the end of September, guiding future exploration efforts. CEO David Watkinson expressed optimism about the potential for lithium deposits and the possibility of upcoming drilling programs.

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Ameriwest Lithium Inc. (CSE: AWLI) (OTC: AMRWF) has commenced a geophysical survey at its Railroad Valley property in Nevada, aimed at exploring lithium brine potential. This project spans 6,240 acres and is strategically located 200 km from the Clayton Valley. The survey will employ a 12.0 line-kilometer Magnetotelluric (MT) technique to assess subsurface conditions for potential lithium brine deposits. David Watkinson, CEO, emphasizes the geological similarities with Clayton Valley, noting the project's significant exploration opportunity in one of Nevada's largest drainage basins.

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Ameriwest Lithium Inc. has filed a technical report on its Deer Musk East lithium property in Clayton Valley, Nevada, comprising 283 claims across 5,618 acres. Located near Albemarle’s Silver Peak Lithium Project, the report highlights the property’s exploration potential for lithium deposits. Initial exploration will cost approximately US$190,000, focusing on soil and rock sampling as well as geophysical surveys to assess lithium sources. The presence of lithium-bearing sediments is confirmed, with values between 496 - 4,950 ppm. Ameriwest aims to enhance its lithium resources to support growing demand.

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FAQ

What is the current stock price of AMERIWEST CRITICAL METALS (AWLIF)?

AMERIWEST CRITICAL METALS (AWLIF) last closed at $0.14.

What is the market cap of AMERIWEST CRITICAL METALS (AWLIF)?

The market cap of AMERIWEST CRITICAL METALS (AWLIF) is approximately $5.6M.