American Lithium Minerals Closes Agreements to Acquire Borate Hills Lithium Projects

American Lithium Minerals, Inc. (OTCBB: AMLM) (www.americanlithium.com) (the “Company”) announced today that it has closed an agreement to acquire both the North Borate Hills and South Borate Hills Lithium Projects in Nevada, from the Nevada Alaska Partnership. The Projects cover 3,400 acres located 20 miles west of Chemetall Foote’s Lithium Brine Operation at Clayton Valley. Map of all properties.

Judy Baker, Head of Property Development, Production and Acquisitions for American Lithium Minerals, stated, “The acquisition of the Borate Hills Lithium Projects in Nevada is a very significant project acquisition for American Lithium Minerals. The co-product mineralization of boron and lithium, high test results and the extent of the formation make it one of the more promising lithium projects in the United States.”

The Borate Hills Projects were drilled by Rio Tinto subsidiary U.S. Borax in the 1980s and at the time, the company stated that the Project was the second largest boron deposit in the United States. Although US Borax initially drilled the North Borate Hills Project, discovery of the South Borate Hills Project identified a larger project with higher lithium values. The South Borate Hills Project is a strata-bound claystone unit that is approximately 1.5 miles long and up to 1,300 feet thick.

Both the North and South Borate Hills projects have surface exposure and outcrop. Recent surface sampling of the South Borate Hills Project returns boron grades of over 1% B, lithium grades of up to 0.275% Li, and Strontium credits. All other metals concentrations are low, including iron, which can be deleterious for processing.

Read the rest of the results at www.americanlithium.com