American Salars identifies 14 pegmatites at Jaguaribe

Executive Summary

• American Salars Lithium Inc. completed an initial geological reconnaissance program at its Jaguaribe project in Ceara, Brazil, identifying 14 previously unrecorded pegmatites within the Valter 180 project area.
• Initial sampling of these newly discovered pegmatites returned anomalous values for tantalum and niobium, elements commonly associated with lithium-rich systems, validating the region's prospectivity.
• The company plans to advance the project with systematic geological mapping, geochemistry, trenching, and eventual drilling, building on previous findings of spodumene-bearing pegmatites grading up to 3.72% lithium oxide.

Key Details

• Discovery: 14 newly identified pegmatites found during a one-day field visit at the Jaguaribe project.
• Location: Valter 180 project area, Ceara state, Brazil.
• Assay Results: Initial assays showed anomalous values in tantalum and niobium.
• Previous Lithium Data: Initial sampling of spodumene-bearing pegmatites in the area graded up to 3.72% lithium oxide ($Li_2O$).
• Future Work: Phase 2 will test additional lithium-cesium-tantalum pegmatite targets; next steps include detailed geological mapping, systematic geochemistry, trenching, and drilling.
• Infrastructure: Property is located four hours by paved road from the port and international airport in Fortaleza.
• Qualified Person: Mitchell E. Lavery, PGeo, independent qualified person under National Instrument 43-101.

Notable Quotes

• "The identification of 14 new pegmatites within our Jaguaribe project is an exciting step forward. These discoveries validate the prospectivity of the region and give us confidence in the project's potential to host a significant lithium-bearing system." — R. Nick Horsley, CEO and Director