American Lithium Minerals, Inc. (AMLM.OB) to Acquire Lithium Project Sites
Today, American Lithium Minerals Inc. formally announced that it will acquire the North Borate Hills and South Borate Hills Lithium Projects in Nevada. Covering a combined 3,400 acres, the projects are located approximately 20 miles west of Chemetall Foote's Lithium Brine Operation at Clayton Valley. The Borate Hills Projects were drilled in the 1980s by US Borax. At that time, the project was the second largest boron deposit in the U.S. Although theNorth Borate Hills Project emerged first, discovery of the South Borate Hills Project identified a larger, strata-bound claystone unit with higher lithium values. Recent sampling of the South…