INCLINE VILLAGE, NV / ACCESSWIRE / July 1, 2019 / American Battery Metals Corporation (OTCQB: ABML) (the “Company”), a premier battery metal exploration and development company based in Nevada, is pleased to announce results of their first geophysical exploration program demonstrate that a huge and undefined reservoir exists on its property in Railroad Valley, Nevada. The geophysical Magnetotelluric (MT) Survey was conducted over a square mile area by Zonge International of Reno, Nevada, who has extensive experience in geophysical data acquisition and target identification on Lithium Exploration Projects.
American Battery Metals Corporation, Chief Executive Officer, Doug Cole, commented, “This report shows a huge and undefined reservoir in Railroad Valley that contains not only saline water but a very large potential brine pool with solid indications of Lithium and other minerals. We have said in the past that we have had 1 million metric tons of Lithium in the whole valley and over 10 billion Barrels of Sodium Carbonate, which now looks to be conservative. We are very excited that we will now exceed those expectations in the near future through additional Production Wells and a Formal reserve report. We will now start to increase our GeoPhysics tremendously and to expand our programs over the next few months. The plan is now to go full steam ahead and drill 3 Production Wells after our new GeoPhysics is completed. The GeoPhysics pinpoints exactly where we should drill and continue to drill. We do expect to go a lot deeper as this reservoir is very deep, in fact we don’t know how deep and won’t until we drill further and further. This report was excellent for us.”
The results of the geophysical survey indicate 2 large conductive zones located within the project area. “Conductive Zones” could indicate the presence of Lithium concentration in both shallow clay deposits and in deeper Brine deposits. One of these conductive zones was recently drill tested to a depth of 3,000 feet. The results of the drill samples are expected within the next six weeks.
The official report showing what’s there and the methodology used will be filed with the U.S. Securities and Exchange Commission during the week of July 8.
The interpretative section of the complete official Geophysical report will be issued in mid-July 2019.
American Battery Metals Corporation
American Battery Metals Corporation (www.batterymetals.com) (OTCQB: ABML) is a premier battery metal exploration and development company based in Nevada. The company is focused on its Railroad Valley battery metal project in Nevada with the goal of becoming a substantial domestic supplier of battery metals to the increasing electric vehicles and battery storage markets in America.
For more information, please visit: www.batterymetals.com
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including those with respect to the expected project economics for Western Nevada Basin (Railroad Valley), including estimates of life of mine, average production, cash costs, AISC, initial CAPEX, sustaining CAPEX, pre-tax IRR, pre-tax NPV, net cash flows and recovery rates, the impact of self-mining versus contract mining, the timing to obtain necessary permits, the submission of the project for final investment approval and the timing of initial gold production after investment approval and full financing, metallurgy and processing expectations, the mineral resource estimate, expectations regarding the ability to expand the mineral resource through future drilling, ongoing work to be conducted at the Western Nevada Basin (Railroad Valley), and the potential results of such efforts, the potential commissioning of a Pre-Feasibility study and the effects on timing of the project, are “forward-looking statements.” Although the Company’s management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for future exploration, development or production, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices, final investment approval and the ability to obtain necessary financing on acceptable terms or at all. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended September 30, 2018. The Company assumes no obligation to update any of the information contained or referenced in this press release.
SOURCE: American Battery Metals Corp.
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