American Battery Metals Corp. Reports Very Favorable Initial Drill Results Validating Detectable Lithium at All Intervals on its Property in Railroad Valley, Nevadad
INCLINE VILLAGE, August 1, 2019 - American Battery Metals Corporation (OTCQB:ABML) (the “Company”), a premier battery metal exploration and development company based in Nevada, today announced its initial drill results on its property in Railroad Valley, Nevada. The drill results of all assays validate detectable lithium at all intervals, from the surface and down to 3,000 feet below.
Lithium was detectable at each 10 feet of intervals, with values of more than 100 PPM (parts per million) with continuous samples. There was even greater value detected in the 1,900 to 2,300 feet down range.
American Battery Metals Corp., Chief Executive Officer, Doug Cole, commented, “These drill results are extremely positive and expand upon our previously reported GeoPhysicsal report. Our team is more excited than ever to advance our drill program to prove out our claims for lithium and other minerals. The GeoPhysical results showed a huge reservior down to 8,000 feet and beyond. If these soil results continue as we drill deeper, the reserve will grow and get stronger, proving that our previous estimates were conservative. We are moving forward with plans for Production Wells and a Formal reserve report. This is an exciting time for our Company and our shareholders.”
American Battery Metals Corp. (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
Forward-Looking Statements
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.
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Contact Information
p775-473-4744
info@batterymetals.com
SOURCE: American Battery Metals Corp.
