Lithium Stock News: AmeriLithium Corp. (OTC Bulletin Board: AMEL; "AmeriLithium" or "the Company") is pleased to announce it has executed a definitive agreement thereby acquiring a 100% interest in the Jackson Wash Lithium brine project in Esmeralda County, Nevada. The stock-only transaction included AmeriLithium granting a 2% Net Smelter Royalty (NSR) to the Seller, whereby 1% of the NSR is subject to buyback at any time by AmeriLithium for $500,000.
The project's 65 placer mining claims total ~2,450 acres (3.83 square miles), covering the center of an identified gravity low to the east of Nevada's Lithium-producing Clayton Valley. In April of 2011, ALS Minerals assayed a rock sample from the Jackson Wash property, which was determined to be anomalous in Lithium at 68.8 ppm (at 0.1 ppm limit of reporting). http://bit.ly/sL5PK1
Tuesday, November 29, 2011
Lithium Stock News AmeriLithium Acquires Nevada-Based Lithium Brine Project to East of Producing Clayton Valley
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