Update on Chile Project
CARSON CITY, Nev., Jan. 27, 2026 /PRNewswire/ -- American Lithium Minerals Inc. (OTC: AMLM) ("AMLM" or the "Company"), announced an update of its transaction with Aeramentum Resources Limited ("AEN") who has been actively progressing exploration plans and in summary:
- Ratification of Grande Plata Silver Project Deal: AEN is working to complete the contract with AMLM. The deal was originally negotiated and completed when the silver price was $33/oz compared to more than US$100/oz today.
- Further high-grade silver from sampling at Grande Plata: The AEN geologists were on-site at Grande Plata in November 2025, conducting sampling and reconnaissance. In line with similar grades achieved across the >7.5km strike of exposed Ag-Cu-Au veins, recent sampling returned encouraging grades in a number of locations exceeding 680gt Ag and 3% Cu (see summary table below).
- Ahead of planned diamond drilling in March, mapping and trenching is planned, along with upgrading the roads and drill pads to ensure the site is prepared for the drilling program.
|
Table 1: November 2025 reconnaissance sampling |
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|
Sample Number |
Prospect Name |
Sample Type |
Au(g/t)AAS |
Ag (g/t)GRAV |
Cu (%) |
Mo (g/t) |
Comments |
|
20011501 |
Calabozo |
Copper oxides-dominated outcrop |
0.02 |
39 |
0.42 % |
2.9 |
Moderate grade Ag/Cu |
|
20011502 |
Calabozo |
Limonite with copper oxides |
0.43 |
681 |
0.68 % |
20 |
High grade silver |
|
20011503 |
Cumbre |
Copper oxides-dominated outcrop |
0.36 |
341 |
3.30 % |
20.6 |
High grade Cu, Ag |
|
20011504 |
San Jose |
Copper oxides-dominated in historic pits |
0.01 |
2 |
2.02 % |
2.0 |
High grade Cu, low silver |
|
20011505 |
San Jose |
Copper oxides-dominated in historic pits |
0.42 |
421 |
0.18 % |
217 |
Relatively high Mo grade, points to porphyry nearby? |
|
20011506 |
San Jose |
Limonites with copper oxides in historic pits |
0.070 |
600 |
6.67 % |
16.3 |
High grade silver |
A review of geological reports continues to provide encouragement, with the potential for broad, moderate to high grade intersections based on surface mapping and past trenching results which show an altered dacitic tuff unit, which hosts the mineralised veins, up to 100m wide in some locations such as Calabozo. Mineralisation is from surface (refer to Figure 2) with previous trenching results including:
- 6m @ 407g/t Ag, 2.94% Cu, 0.72g/t Au (Calabozo, Figure 3a, b)
- 6m @ 199g/t Ag, 1.44% Cu, 0.36g/t Au (Calabozo, Figure 3a)
As part of the preparation for drilling at the Silverado Prospect, previous tenement rights holders (2020-2022) Rugby Mining conducted some channel sampling with results including:
- Section 6657120N: 2.5 m @ 135 g/t Ag, 0.64 % Cu, 0.14 g/t Au and 5.80 % Pb
- Section 6657120N: 1.5 m @ 591 g/t Ag, 2.47 % Cu, 0.10 g/t Au and 4.95 % Pb
- Section 6657152N: 1 m @ 1,550 g/t Ag 2.91 % Cu, 0.51 g/t Au and 6.32 % Pb
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
Contact:
American Lithium Minerals, Inc
1007 South Street
Carson City, NV 89701
1007 South Street
Carson City, NV 89701
Phone: (877) 734-8787
E-mail: info@americanmineralresources.com
X : @AMR_ResourcesAu
LinkedIn: https://bit.ly/4qjAuWE
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SOURCE American Lithium Minerals, Inc