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Be the first with the news that moves the market- Alpha Lithium (ALLI) has completed its latest round of geophysics at the Tolillar Lithium Project in Argentina
- The program was focused on the southern portion of the property and followed the success of earlier work that was completed to the north
- Locally-based Conhidro SRL carried out the program and have now begun the analysis of raw data
- The company is now looking restore previously expired permits in preparation for a proposed drilling program at the Tolillar Lithium Project
- Alpha Lithium (ALLI) is currently steady at C$0.65 per share
Alpha Lithium (ALLI) has completed its latest round of geophysics at the Tolillar Lithium Project in Argentina.
Located within the prolific Lithium Triangle, the project covers 27,500 hectares and consists of 10 exploitation concessions.
The program was launched on August 26, and focused on the southern 8,500-hectare portion of the Tolillar Project. It followed the success of a similar program that was completed to the north, using the same high-powered Vertical Electrical Sounding (VES) geophysics methodologies.
Locally-based Conhidro SRL was contracted to carry out the program, tasked with characterising underground lithology of the project that may be related to the presence of brine.
While a number of weather and COVID-related delays were experienced, Conhidro is now in the process of analysing the raw data, with results expected in the next few weeks.
Now that the geophysics work has been completed, Alpha Lithium is looking to restore its previously expired permits ahead of a proposed drilling program, which will follow up on a number of high-priority drill targets.
Brad Nichol, President and CEO of Alpha Lithium, said it was incredibly rewarding to now be planning for drilling work at the Tolillar Project.
“We know that our original geophysics program successfully identified several drilling targets, and we expect that the now-completed second geophysics program will provide us with even more exciting targets.
“Since closing our bought deal and injecting over $10 million into treasury, we have been inundated with opportunities in the lithium sector,” he added.
Brad also noted that Alpha Lithium’s Board and management team are currently evaluating a number of significant avenues for growth, which he says is being done with an over-riding objective of maximising shareholder value.
Alpha Lithium (ALLI) is currently steady at C$0.65 per share, as of 2:12pm EDT.
