September 30, 2010
Australian-American Mining provided an update on activities on the sampling at one of the company's assets in the US state of Arizona, USA. The company’s wholly-owned subsidiary, Uranium Company of Arizona, has staked seven contiguous lode claims, comprising 140 acres. The company has recently launched a preliminary evaluation of the lithium-enriched pegmatites of the White Picacho area in Maricopa and Yavapai Counties, Arizona. The presence of lithium is evident from the large spodumene crystals in some pegmatites, reaching concentrations of up to 2.11% Li of the metal in the Sunrise and Lower Jumbo pegmatites.
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