- Alpha Lithium (ALLI) has launched a drill program at its Tolillar Lithium Project in Argentina following the completion of recent geophysics work
- The program will include three phases, each focusing on targets identified as highly conductive zones
- All of the data obtained from the drilling work will be used to advance the company’s hydrogeological and geochemical models
- Licenses are currently in place for a number of initial targets, while others are being pursued to replace those that expired during COVID-19 shutdowns
- Alpha Lithium (ALLI) is currently down 1.64 per cent to C$0.60 per share
Alpha Lithium (ALLI) has launched a drill program at its Tolillar Lithium Project in Argentina following the completion of recent geophysics work.
Located within the prolific Lithium Triangle, the project covers 27,500 hectares and consists of 10 exploration concessions.
The program will focus on a minimum of four locations, targeting areas identified in the earlier geophysics work and using a combination of rotary and diamond drilling. Alpha Lithium says at least one of these locations has been planned with a view to securing a strategic fresh water source, which will be essential for future production.
Three phases of drilling have been planned, with the first targeting shallow targets with two drill holes. This work will target previously identified upper lithology, with the data to be used to gain a better understanding of the salar’s hydrogeological system.
A second phase will target medium-depth targets using four drill holes. Alpha Lithium is currently pursuing permits for these targets, which expired during COVID-related shutdowns. The data from these holes will complement that obtained from the first phase, sharpening the parameters of sub-surface models for the salar.
The final phase will be based on the still-pending results from the earlier geophysical work, and will focus on an expanded area that coincides with higher lithium concentrations.
Brad Nichol, President and CEO of Alpha Lithium, said the results from the previous geophysics and sampling work compelled the company to start drilling immediately.
“We are very eager for our local expert team to complete their analysis on the latest geophysical data, which will allow us to choose additional drilling locations in the area identified as our highest priority and highest potential.
“We are obviously very excited about drilling the current prospects and adding additional locations as they are identified,” he added.
Alpha Lithium (ALLI) is currently down 1.64 per cent and is trading at C$0.60 per share at 12:08pm EDT.