SOURCE: American Lithium Minerals, Inc.

American Lithium Minerals, Inc.

January 07, 2010 08:45 ET

American Lithium Minerals Completes Gravity Testing on First Montezuma Valley Claim Block; Trough System Identified, Drilling to Be Contracted

HENDERSON, NV--(Marketwire - January 7, 2010) - American Lithium Minerals Inc. (OTCBB: AMLM) (OTCBB: AMLME) www.americanlithium.com (the "Company") announced that the Gravity Survey of the Company's AF Claims on the Alkali Flats of Montezuma Valley has been completed by GeoXplor Corp. The data from the Gravity Survey has resulted in the identification of a trough system on the AF claim block that could be a possible catch basin for lithium brine. Alkali Flats is a structural basin, formed by a down-faulted crustal block overlain by younger volcanic rocks, of which some contain high lithium values and are considered to be the source of lithium found in subsurface brines in the Clayton Valley area. Lithium is liberated through mechanical and chemical weathering processes and transported until it is trapped in a closed basin or by impermeable rock along a fault scarp.

Stated Hugh Aird, CEO and President of American Lithium Minerals, "These results are certainly encouraging, and we are confident this process will confirm our high expectations for the potential for this premier property. We are excited to be in the verification process of the assets held within these claim properties."

American Lithium has now commissioned a gravity survey of the company's PMP and CR Claim Groups to determine the shape of the basin bedrock and identify any fault scarps in Montezuma Valley. Completion of all three Gravity Surveys will allow for the delineation of drill targets for all three Claim Groups in the Montezuma Valley. Drilling will be contracted and scheduled in 2010.

American Lithium's Montezuma Valley Brine Property is proximal to Chemetall's Clayton Valley Lithium Brine Operation, the only producing lithium mine in North America.

About American Lithium Minerals

American Lithium Minerals Inc. is an early stage lithium exploration company engaged in evaluating, developing and acquiring lithium projects, with a focus on the USA. The Company is actively working on the Montezuma Valley, Nevada Lithium Brine Property acquired earlier this year.

Forward-Looking Statements

Included in this release are certain "forward-looking" statements involving risks and uncertainties which are intended to conform to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors, sales and earnings growth, ability to attract and retain key personnel and general economic conditions, including uncertainties relating to global political conditions, such as terrorism. Information with respect to important risk factors that should be considered may be contained in the Company's Annual Report on Form 10-K and its Reports on Form 10-Q to be filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

Contact Information

  • For Additional Information, Contact:
    Stephen Cook
    Vice President/Investor Relations
    Tel: 877-717-2656
    E-mail: info@americanlithium.com