American Battery Metals Corporation (OTCQB:ABML) today released information about the company’s Railroad Valley TW-1 drill project.
American Battery Metals Corporation (OTCQB:ABML) (the “Company”), a premier battery metal exploration and development and battery recycling company based in Nevada, today released information about the company’s Railroad Valley TW-1 drill project.
The drilling and fluid sampling method chosen for well TW-1 was highly successful. The drill hole reached a depth of 3004 feet, which was 500 feet deeper than originally projected. Composite drill cuttings yielded highly anomalous lithium values up to 148.5 ppm within parts of the Volcanic and Middle Sandstone areas. Another interval assayed as high as 276 ppm Li.
These values are a positive indicator of the potential for higher values in both sediments and groundwater in Railroad Valley. Depending upon various factors, Li ppm values in excess of 50 ppm are considered to be commercially viable. When considering the potential size of $ABML‘s total land position, the data is cause for intense optimism and validates the possibility that Nevada can become a significant supplier of lithium for the global electric vehicle and energy storage markets.
To read the full report, please reference the company’s 8K filing at SEC.gov.
ABML’s geophysical surveys and stringent drill processes have established a strategic foundation for the company as it continues to develop its 1300 claims in Railroad Valley. Each step has been meticulously planned, executed, and analysed, laying the groundwork that will lead to production. Additional geophysical assessments scheduled for October 2019- including detailed Magnetotelluric (MT) testing and aerial surveys- will further define the conductive aquifer already identified in previous geophysical surveys.
American Battery Metals Corporation is an emerging leader in the lithium and battery metals exploration and mining sector. The company is led by experienced management executives and advisors, guiding an accomplished team of hydrologists, environmental consultants, geologists, chemists, geophysicists, mining operations professionals, and extraction and battery systems technologists.
The company is also unique in its development of complementary, self-supporting verticals, including extraction and battery recycling technologies, which will feed an ever expanding battery metals supply chain in the coming decades. American Battery Metals Corporation seeks to become the leading “Made in the USA” mining, extraction and battery recycling company that helps the United States break free from its reliance on foreign sources of critical minerals.
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.