#United States #Carson City #American Lithium #Furano Copper #Aeramentum Resources

American Lithium Minerals Inc. Provides Update on Furano Copper Project

CARSON CITY, Nev., February 3, 2026 – American Lithium Minerals Inc. (OTC AMLM), a key player in mineral exploration, recently updated stakeholders about its Furano Copper Project in Chile, in partnership with Aeramentum Resources Limited. This exploration initiative is showing promising signs that may pave the way for future copper production.

The project is strategically located approximately 85 kilometers northeast of the port town of Iquique and only 25 kilometers northwest from the Cerro Colorado mine, operated by BHP. With a decision to mine planned for 2027, Cerro Colorado boasts an estimated 219 million tons of copper oxides with a grade of 0.62% and 1860 million tons of copper sulfides at 0.34%. The close proximity to a major established copper mine strengthens Furano's potential viability.

Current Exploration Work

The current phase of exploration at the Furano project is set to build on an earlier drilling campaign conducted by Nittetsu between 2011 and 2012. During this period, 9,000 meters of drilling were executed, primarily in shallow depths of less than 150 meters. This drilling resulted in notable hits such as 50 meters grading at 1.2% Cu from a depth of 110 meters (core F15-17R) and 10 meters with an impressive 2.4g/t Au from a depth of 40 meters (core F15-18R). This geological context strongly suggests that the Furano site may share similarities with large porphyry copper setting, indicated by the findings of an extensive alteration zone and significant mineralization encountered in multiple drillholes.

Plans for Further Drilling

The company plans to advance with diamond drilling and Induced Polarization (IP) work in the coming months, focusing on exploring deeper into the porphyry system. Initial results from the 2010-12 drilling hinted at copper mineralization occurring as deep as 300 meters. Some drillholes terminated in mineralization, yielding grades between 0.1% to 0.3% Cu. To optimize exploration outcomes, American Lithium aims to drill deeper, potentially an additional 200-300 meters, reaching targets around 600 meters down to further assess the width and grade of mineralization.

BHP’s intention to restart operations at its Cerro Colorado mine adds another layer of interest to the viability of the Furano Copper Project as it aligns with the broader investment strategy for copper production in Chile. BHP is implementing a substantial investment plan worth $14 billion to enhance its mining capabilities in Chile, and the anticipated restart utilizes advanced techniques such as supergene leaching intended to generate between 85,000 and 100,000 tons of copper annually in the upcoming years.

Future Implications

As these developments unfold, American Lithium Minerals is keen on harnessing the potential of the Furano Copper Project, positioning itself as a notable contributor to the growing copper market. Given the increased demand for copper, driven by the green energy transition, projects such as Furano are significant players in addressing future copper needs. Stakeholders and investors are advised to keep a close watch on the unfolding exploration results and updates from American Lithium Minerals Inc. as they could heavily influence both local and global copper markets.

Conclusion

Overall, the Furano Copper Project is demonstrating significant promise, with ongoing exploration work indicating that further resource validation may confirm the project's viability. As American Lithium continues to collaborate with Aeramentum Resources to unlock Furano's potential, the prospect for future development remains bright. Stay tuned for further updates as exciting developments unfold in this vital sector, which could result in substantial economic opportunities in the Chilean mining landscape.