Monday, August 25, 2025

Latest

American Lithium Identifies Two New Lithium Targets Near Falchani Deposit

American Lithium Corp. (TSXV: LI) this morning announced that discovery of two new high-priority, drill-ready lithium target areas west of the Falchani lithium deposit in the Macusani Plateau in southeastern Peru. This comes after the company received positive lithium results from mapping and sampling of the said two target areas.

A total of 64 grab and trench samples were collected from the target areas, referred to as te Sapanuta 3 Zone and the Clark-Dykes Zone. Results returned lithium grades ranging from 1,056 to 1,758 ppm lithium and 704 to 2,700 ppm lithium, respectively.

The company is now planning a drill program to test the two new targets and focus on the discovery of new lithium deposits. Drilling is targeted to begin in late June pending the receipt of the required permits.

The company also announced this morning that it intends to mobilize drills to Falchani and Macusani. Drilling is to be focused on in-fill and expansion drilling to upgrade resources at Falchani, while Macusani will see drilling focus on newly prospected areas that extend from existing deposits, as well as new regions that contain surface uranium.

American Lithium Corp. last traded at $2.17 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Q2 Earnings: Another Record Quarter

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

Snow Lake Resources, A Prospective Lithium Miner, Completes IPO; No Cash Flow Likely Until 1Q 2024 at the Earliest

On November 18, Manitoba-based Snow Lake Resources Ltd. (NASDAQ: LITM) issued 3.2 million shares in...

Saturday, November 27, 2021, 09:00:00 AM

Noram Ventures Plans For Drill Program, PEA Study At Zeus Lithium Property

This morning, Noram Ventures (TSXV: NRM) provided an update on the status of its Zeus...

Tuesday, July 21, 2020, 12:02:47 PM

Lithium Doom: Outlook Sours As 10% Of Global Supply Gets Locked In China Probe

China’s lithium industry is in disarray as its biggest production hub, which accounts for roughly...

Tuesday, February 28, 2023, 02:19:00 PM

Noram Hits Visible Lithium Hosted Clay In First Hole Of Drill Program

The ongoing drill program being conducted by Noram Ventures (TSXV: NRM) appears to be going...

Thursday, November 12, 2020, 07:54:46 AM

Noram Ventures Intersects 79 Metres Of 1130 PPM Lithium In First Hole At Zeus

Noram Ventures (TSXV: NRM) has finally received the first of its assays back from its...

Tuesday, December 15, 2020, 08:15:35 AM