American Battery Metals Corporation
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American Battery Metals Corporation's Reservoir Size Vastly Surpasses Original Estimates According to its Geophysical Summary
Tuesday, October 8, 2019 8:30 AM
INCLINE VILLAGE, NV / ACCESSWIRE / October 8, 2019 / American Battery Metals Corporation (OTCQB:ABML) (the "Company"), a premier battery metal exploration and development and battery recycling company based in Nevada, today released updated information about the company's Railroad Valley, NV geophysical survey.
The primary objective of the survey was to determine the depth and locations of saline fluid filled aquifers that may host rich lithium brines. The survey consisted of 57 Magnetotelluric (MT stations) with profiles oriented east-west across the Railroad Valley basin and perpendicular to a known geologic structure of interest.
The survey results have successfully mapped the thickness of basin fill, and show the presence of very conductive layers that are typical precursors to saline aquifers.
American Battery Metals Chief Executive Officer, Doug Cole, stated, "The overall MT data quality is good to excellent. We've confirmed significant areas of high conductivity, and an even larger undefined reservoir than originally thought."
This MT data for American Battery Metals Corporation is significant. Cross sections of the vast Railroad Valley at depths of up to 2,000 meters provide sufficient resolution to serve as an important exploration tool for the purpose of locating additional drill targets.
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.
SOURCE: American Battery Metals Corp.