February 29th, 2024 – Vancouver, BC – American Salars Lithium Inc. (“American Salars” or the “Company”) (USLI : CSE) (Z3P : FRANKFURT) announces that it has appointed Mitchell E. Lavery, P.Geo as the company’s qualified person (QP) within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Lavery will be the QP for the Company’s Quebec mineral properties.
Mitchell E. Lavery is a mining exploration professional with over 42 years of experience in all aspects of mineral exploration around the world from grass roots to ore deposit delineation to developing and managing a mine. He has been involved in the discovery of and/or development of several mineral deposits in Canada. His experience covers gold, silver, uranium, nickel, cobalt, base metals and lithium. Mr. Lavery is a licensed Professional Geologist in the Province of Quebec (N0. 181) and brings both strong technical and management skills to the company and has served as a senior officer and/or director on other public and private companies and is a lifetime member of the Prospectors and Developers Association of Canada.
The Company’s Quebec lithium portfolio consists of 27 mineral claims in 4 separate claim blocks (the “Property”). These claims cover approximately 1,485 hectares and host multiple historic lithium sample results and up to 340ppm Li in a grab sample.
One claim block is located 30km to the South of Patriot Battery Metals, (TSX-PMET) “Corvette” property and contain lithium samples from previous historic work programs.
The other claims covering a historic 55ppm Lithium assay reported as a tonalite from sample 2012056707. This ground is approximately 60km South of Australian listed Winsome Resources, (ASX-WR1).
The claims covering several historic anomalous lithium values on the Gaspe Peninsula that were obtained during exploration of rare earth occurrences. Values range from south-eastern most sample number 1989023054 location which returned 30ppm Li from a gneiss to the north- western most sample location of sample 1989031832 returning 187ppm Li described as pyroxenite, over a distance of 3km in between the two samples, with some anomalous lithium values over the distance.
Another claim that is in the Gaspe Peninsula covers a historic 313ppm Li sample value in sample 1989032542. Historic anomalous lithium values are significant since exploration was conducted for other minerals and not focussed on lithium.
Additionally, the Company announces the appointment of Mr. Nick Horsley to its Advisory Board as an M&A and Business Development advisor. These appointments are a key aspect of American Salars portfolio expansion and exploration of its Lithium projects. Mr. Horsley has over 18 years of capital markets experience focused on finance, investor relations, marketing, management, and merger & acquisitions. Mr. Horsley has been a prospecting since 2008 and has a keen understanding of researching, exploration and the tendering process. Mr. Horsley has served as a director and a consultant to several public and private companies and has worked in a variety of industries including mining, telecommunications, consumer goods, oil & gas, and technology.
The Company has retained Aktiencheck.de AG of Bahnhofstraße 6 56470 Bad Marienberg Deutschland, e-mail: stefan.lindam@aktiencheck.de to assist with an initial European marketing awareness program to commence on March 4th, 2024, at a cost of 25,000 euros. The principal of Aktiencheck.de AG is Mr. Stefan Lindam of Marienberg, Germany. The Company deals at arm’s length with Aktiencheck.de AG. As of the date hereof, to the company’s knowledge, Aktiencheck.de AG (including its directors and officers) does not own any securities of the company and has an arm’s-length relationship with the company. The Company will not issue any securities to Aktiencheck.de AG as compensation for its marketing services.
About American Salars Lithium Inc.
American Salars Lithium Inc. is an exploration company focused on exploring and developing toward the production of high-value battery metals projects to meet the demands of the advancing electric vehicle market.
Qualified Person
Mitchell Lavery, P.Geo. who is a qualified person within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this press release.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter and Instagram.
On Behalf of the Board of Directors,
“Michael Dake”
Michael Dake, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604-683-8610
E-Mail:info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
