Amerilithium Corp. (OTCQB:AMEL) announced payment of its annual Bureau of Land Management maintenance fees for its four lithium properties in Nevada: Paymaster, Full Monty, Clayton Deep and Jackson Wash. The Company also announced that to significantly reduce its maintenance fee costs while retaining all areas of significant exploration interest, it has optimized its claim holdings in two of the properties (Paymaster and Full Monty).
As quoted in the press release:
The Paymaster property previously consisted of 5,880 acres comprised of 23 claims of 160 acres and 55 claims of 40 acres. The new property holdings now consist of 3,160 acres comprised of 6 claims of 160 acres and 55 claims of 40 acres. In turn, overall maintenance fee costs were reduced by $19,388.50 or approximately 45%.