Alpha Lithium Initiates Geophysics Program at Tolillar Lithium Project in Argentina
14 Maio 2020 - 10:00AM
Alpha Lithium Corporation (TSX.V: ALLI) (OTC:
ALLIF) (“Alpha” or the “Company”) is pleased to
announce it has completed its assessment of available historic data
and based on expert analysis, is making final mobilization
preparations to undertake a vertical electrical sounding (VES)
geophysics study at the Company’s Tolillar Salar. The study
may commence as early as next week. The geophysics program is
a progressive step to identify and map brine aquifers as potential
targets for a series of drill tests.
The Company has engaged the regional
professionals of Conhidro SRL (“Conhidro”) to lead this geophysics
program. Alpha has been working alongside Conhidro for
months, due to their regional expertise as evidenced by their many
years of extensive analysis of data at dozens of other lithium
brine projects in Argentina.
Conhidro is lead by Dr. Rodolfo Garcia, who has
personally undertaken every aspect of designing, executing and
interpreting geophysics and drilling programs for major programs
such as LSC Lithium on the Salar de Pozeulos, Galaxy Lithium’s Sal
de Vida project in the Hombre Muerto Salar, amongst many other
projects across the region.
All permits are in-place to proceed with the
geophysics program, which will initially deploy over 20 soundings,
the majority of which will utilize Conhidro’s high-powered
equipment. Conhidro’s equipment is anticipated to provide
significantly improved penetration and resolution than what has
been utilized previously at Alpha’s Tolillar Salar. This
initial program is expected to focus on the previously sampled
areas and will take approximately eight weeks to complete.
The program will be conducted in three phases:
- Deployment and execution of the VES program
- Interpretation of VES results, combined with previous analysis
and the geophysical profile
- Accumulation and finalization of all data and
decision-making
Previous programs conducted at Tolillar included
surface brine sampling (2012), trench brine sampling (2014),
shallow borehole studies (2015), and a low-power vertical
electrical sounding (“VES”) survey in 2017. The results were
encouraging, as these shallow samples ranged up to 504 mg/L of
lithium.
Brad Nichol, Company CEO notes, “We are very
fortunate to be working with Conhidro, and even more so to be
working directly with the renowned Dr. Garcia, who has announced
his enthusiasm and intention to lead the study personally.
This is not only a testament to the world-class potential of
the Tolillar Salar, but also to David Guerrero, our Country
manager, who has a long-standing relationship with Dr.
Garcia. David and Dr. Garcia will both be in the field during
the geophysics program where they, in anticipation of positive
results, will also start scouting a basecamp location, the network
of connecting roads and potential drill locations.”
As noted previously, the Argentinian government
is supportive of all ongoing mining activities in Salta province as
an “essential activity” during the current COVID-19 pandemic.
The company continues to actively monitor the situation and
is working closely with its in-country team to implement
preventative measures to safeguard the health of its employees and
contractors.
ON BEHALF OF THE BOARD OF ALPHA LITHIUM
CORPORATION
“Brad Nichol”
Brad Nichol President, CEO and Director For more
information:Alpha Lithium Investor RelationsTel: +1 844
592 6337 info@alphalithium.com
About Alpha Lithium (TSX.V: ALLI) (OTC:
ALLIF)
Alpha Lithium is a growing team of industry
professionals and experienced stakeholders focused on the
development of the Tolillar Salar. Together, we have
assembled 100% ownership of what may be one of Argentina’s last
undeveloped lithium salars, encompassing 27,500 hectares (67,954
acres), neighboring multi-billion-dollar lithium players in the
heart of the renowned “Lithium Triangle”. Other companies in
the area exploring for lithium brines or currently in production
include Galaxy Lithium and POSCO at salar Hombre de Muerto; Livent
at salar Hombre de Muerto;; Orocobre on salar Olaroz; Eramine
SudAmerica S.A. on salar Centenario; Gangfeng and Lithium Americas
on salar Cauchari;
For more information visit:
https://alphalithium.com/ and follow us on Twitter or Facebook.
Forward-Looking StatementsThis news release
contains forward-looking information which is subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ from those projected in the
forward-looking statements. While these statements reflect
management's current plans, projections and intents, by their
nature, forward-looking statements are subject to numerous risks
and uncertainties, some of which are beyond the control of the
Company. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on these forward-looking
statements. The Company’s actual results, programs, activities and
financial position could differ materially from those expressed in
or implied by these forward-looking statements. The Company
assumes no responsibility to update or revise such information to
reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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