American Lithium Corp. (TSXV:LI | Nasdaq: AMLI | Frankfurt: 5LA1) has announced significant results from 14 step-out drill holes, expanding the measured resource footprint of the companies Tonopah Lithium Project, Nevada. The data from a total of 26 diamond core holes and 16 RC holes drilled in 2022 and 2023 will be added to the updated mineral resource block model and incorporated into an updated mineral resource estimate on TLC.
Simon Clarke, CEO of American Lithium, states, “We continue to make excellent progress at TLC. Drill results from the remainder of our 2022 programme and our expansion drilling in 2023 should add significantly to the very large existing measured and indicated resource. In addition, the thick, shallow higher-grade sections added should further enhance robust project economics and will be reflected in an updated TLC mine plan in the PFS. Our confidence in the project continues to grow and we have now launched work with SRK and Nexus which will feed into and help us fast-track the mine permitting process following completion of the PFS is in 2024.”
The company has also commenced early work to support mine permitting applications following the completion of the pre-feasibility and associated study in H2, 2024. SRK Consulting (US) Inc. of Elko, Nevada has been appointed to coordinate the preparation of a mine plan of Operations with the BLM. Nexus Environmental Consultants Inc. of Reno, Nevada has been selected to perform biological baseline studies in support of the mine plan of operations application.
Post-resource drilling demonstrates continued expansion of TLC lithium deposit and continuity with significant intervals of claystone lithium mineralization >1,000ppm Li at shallow depths.
Extension of measured resource footprint in all directions.
- 73.1m averaging 1,148ppm Li in TLC-2222C between 17.1-90.2m downhole with up to 1,843ppm Li over 1.5m
- 81.4 m averaging 1,135ppm Li in TLC-2321C between 27.1-108.5m downhole with up to 2,127 ppm Li over 1.5m
- 80.8m averaging 1,090ppm Li in TLC-2242 between 3.0-83.8 m downhole with up to 2,008ppm Li over 1.5m
The results have also resulted in the identification of additional shallow, high-grade lithium mineralization to the northeast, which the company anticipates should grow the MRE and positively impact project economics. Additionally, drill results will further refine the pre-feasibility study mine plan.
Data from all additional 42 drill holes has been sent to Stantec Consulting Inc. and will be incorporated into an updated MRE for the TLC Project.
RC drill holes:
TLC-2240, 2241 and 2242 as well as diamond drill holes TLC-2318C, 2320C, 2321C, and 2333C were all drilled to the north of the existing measured resource footprint and extend the shallow, high grade lithium mineralization approximately 850m to the north. TLC-2333C marks the northernmost mineralized hole with > 1,000ppm Li intersected over appreciable thicknesses.
Diamond drill holes:
- TLC-2222C was drilled in the west central resource area and essentially fills in a historic gap in the resource from 2000 era drilling that was not drilled deep enough
- TLC-2228C was drilled in the central northwestern area to fill in a statistical gap in the measured resource footprint
- TLC-2320C and 2221C were drilled to in-fill an existing gap in Measured Resource footprint in the south-central resource area
- TLC-2218C and 2219C were drilled along the southeastern edge of the Measured resource footprint to extend and confirm lithium mineralization
- TLC-2213C was drilled on the eastern side of the project area, and extends the mineralized footprint with lower grade, but above cut-off grade Li mineralization marking the east central limit of the TLC Deposit high-grade footprint
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