10:40:10 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



American Salars Lithium Inc
Symbol USLI
Shares Issued 15,920,005
Close 2024-01-24 C$ 0.175
Market Cap C$ 2,786,001
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American Salars appoints Feyerabend as qualified person

2024-01-31 10:17 ET - News Release

Mr. Michael Dake reports

AMERICAN SALARS ANNOUNCES APPOINTMENT OF QUALIFIED PERSON WILLIAM FEYERABEND

American Salars Lithium Inc. has appointed William Feyerabend, CPG, as the company's qualified person (QP) within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Feyerabend is an accomplished professional geologist with direct working experience in the exploration and development of lithium projects at numerous deposits and mines throughout the American West, Mexico and South America.

Mr. Feyerabend has been involved with Lithium exploration, development and feasibility programs, including technical reports for claim blocks in the epicentre of lithium development in Nevada, which include the Clayton and Fish Lake valleys. Mr. Feyerabend has worked on projects in Argentina, Bolivia, Chile, China, Colombia, Ghana, Guyana, Mexico, Peru, Saudi Arabia, the United States and Venezuela. He is a past board member of the Humboldt County (NV) Economic Development Authority, and has a bachelor of sciences geology from the University of Southern California.

Mr. Feyerabend will further be appointed to the company's advisory board for review of the company's merger and acquisition strategy as well as reviewing the company's existing portfolio of projects, including his role of QP for the company's recently optioned Black Rock South lithium brine project in Washoe county, Nevada, U.S.

About Black Rock South lithium brine project

The Black Rock South claims cover a conceptual target for lithium brines which is very similar to the published geology of the Clayton Valley lithium brine production area approximately 200 miles to the southeast.

A recent mineral exploration on the Galt claim group under option to Surge Battery Metals at the time located 11 miles to the south included 51 playa sediment samples collected for chemical analysis at ALS Geochemistry in Vancouver, B.C. Results of aqua regia leaching of the samples show 68 to 852 parts per million lithium (mean 365 ppm).

Management cautions that past results or discoveries on adjacent properties may not necessarily be indicative to the presence of mineralization on the company's properties.

Qualified person

Mr. Feyerabend, CPG, a consulting geologist and a qualified person under NI 43-101, has reviewed this news release and approves the technical and scientific content.

About American Salars Lithium Inc.

American Salars Lithium is an exploration company focused on exploring and developing toward the production of high-value battery metals to meet the demands of the advancing electric vehicle and lithium-ion battery market.

We seek Safe Harbor.

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