American Lithium Corp. (TSXV: LI) gets the green light to start development and exploration work at its Tonopah Lithium claims project (TLC) in Nevada. The firm announced this morning the approval of its operations and reclamation plans for the property.
The plans were approved by the state’s Bureau of Land Management and the Division of Environmental Protection. The plan of operations, in particular, will allow the firm to construct 110 drill sites and the excavation of 5 test pits on the project.
“This is a big step for the company and enables the launch of a major development program which we believe will provide all the data / results needed to move quickly from a robust, maiden PEA and into the pre-feasibility / feasibility phase on our core TLC Project,” said CEO Simon Clarke.
The approvals also permit the mining firm to conduct infill drilling of existing TLC deposits, do bulk sampling for advanced metallurgical test work, and work on additional exploration drilling across untested sites.
American Lithium Corp. last traded at $3.90 on the TSX Venture.
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