- Alpha Lithium (ALLI) has completed its inaugural NI 43-101 Resource Report at the Tolillar Salar in Argentina
- 13 wellbores have been drilled and the company has acquired 160 Vertical Electrical Sounding (VES) data points to gain a solid understanding of the Tolillar Salar
- Alpha is also planning to acquire an additional 45 VES points in the Salar del Hombre Muerto
- Alpha Lithium is a Canadian exploration company focused on the acquisition and development of high-grade lithium brine deposits
- Shares in Alpha Lithium Corp. (ALLI) are down 1.20 per cent, trading at $0.82 per share as of 11:10 am ET
Alpha Lithium (ALLI) has completed its inaugural NI 43-101 Resource Report at the Tolillar Salar in Argentina.
The company has engaged Montgomery and Associates to undertake a 43-101-compliant resource estimate of the Tolillar Salar, expected in the next six to eight weeks.
13 wellbores have been drilled by Alpha Lithium and the company has acquired 160 Vertical Electrical Sounding (VES) data points to gain a solid understanding of the Tolillar Salar, with plans for another five wells.
Alpha is also planning to acquire an additional 45 VES points in the Salar del Hombre Muerto, across its 50 sq. km., to gain a solid understanding of exactly where to direct the next drilling operations.
Brad Nichol, President, and CEO of Alpha Lithium explained that Hombre Muerto is known to be one of the best lithium salars in the world and is occupied with the likes of POSCO Corp. and Livent Corp., among others.
“The quality of brine, extremely high concentrations of lithium, low impurities, extensive existing infrastructure, and a proven, reliable government regime are all just elements, which together make Hombre Muerto one of the world’s most sought-after addresses in lithium brine production.” Nichol continued, “VES will give us some technical decision-making support; however, our expert team already understands the salar in great detail and we are immediately surrounded by lithium production wells drilled by our neighbors. We have drilling license applications already in the queue and as soon as those are granted, we will commence drilling, using at least one of the four drilling rigs we currently have employed.”
Alpha Lithium is a Canadian exploration company focused on the acquisition and development of high-grade lithium brine deposits.
Shares in Alpha Lithium Corp. (ALLI) are down 1.20 per cent, trading at $0.82 per share as of 11:10 am ET.
