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Amerilithium Corp. Message Board

  • sfsi_mont sfsi_mont Sep 14, 2013 10:14 AM Flag

    yahoo finance is a Joke

    On September 3, 2013, Amerilithium Corp. (the "Company"), relinquished approximately 12,130 acres of its mining claims in Nevada (the "Disposition") due to failure to meet certain work commitment expenditure and maintenance requirements. The Company currently holds mining claims over approximately 600 acres on the Company's remaining Nevada properties comprising of Full Monty, Jackson Wash and Clayton Deep. Having paid the maintenance fee's for 2013/2014 to the Bureau of Land Management, Nevada.

    Prior to the Disposition, including its claims in Australia and Canada, the Company held mining claims over approximately 704,868 acres of land. As of the date hereof, the Company still maintains all of its mining claims in Australia and Canada and 692,738 acres overall, representing a reduction of approximately 2% of its mining claims or approximately $1,600,000 of the Company's assets.

    The Company still intends to pursue a partial drilling program on the mining claims it still maintains on Full Monty, Jackson Wash and Clayton Deep. The Company is seeking to raise the capital necessary to conduct such a drilling program but no assurances can be made that capital will be available on favorable terms or at all.

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