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Drilling License Awarded to Alpha Lithium for Tolillar Lithium Project

Alpha Lithium Corporation, the single owner of one of the last major, undeveloped salars in the Lithium Triangle of Argentina, reports that approval and drilling licenses have been granted to the company to perform Phase Two of its three-phase drilling program on its wholly-owned, 27,500-ha Tolillar Salar.

The drilling licenses substituted the prior licenses that had lapsed and could not be renewed at the time of government COVID lockdowns. Such licenses enable Alpha Lithium to start Phase Two of its three-phase drilling program for a detailed summary of the three-phase drilling program and drill a minimum of two deeper wells on the southern and eastern parts of the salar.

Phase Two drilling is anticipated to start shortly after Phase One is concluded, in the upcoming weeks.

Alpha Lithium initiated drilling work at its six-well, three-phase drilling program at the beginning of December 2020. All the scheduled drilling operations on the initial well have been completed and the team has been shifted to the second well in the program.

The 27,500-ha Tolillar Salar of Alpha Lithium is one of the biggest untested salars in Argentina and is wholly owned by Alpha Lithium. Prior drilling and sampling work performed at Salar has determined the existence of lithium throughout the enormous arial extent of the Tolillar Salar, and the present drill program is an extra step toward the conclusion of a 43-101 Resource Estimate.

Recently, Alpha Lithium has added a well-known group of lithium chemistry experts to its group to investigate and assess diverse Direct Lithium Extraction (“DLE”) methods that have been demonstrated to economically mine lithium at concentrations down to 100 mg/L.

While the news of receiving our Phase Two drilling licenses was expected, it is still very exciting to be readying ourselves for drilling to greater depths and defining the extent of the Tolillar Salar. All wells in this drilling program are being drilled as production wells, not just core holes.

Brad Nichol, Chief Executive, Alpha Lithium Corporation

Previous campaigns and tests have provided us with the evidence of lithium and confidence to drill producible wells so that our internal lithium chemistry experts can begin the sampling and testing of different DLE technologies on our exact brine. This will allow us to move very quickly into the production phase at the Tolillar Salar. To that end, we have made significant progress with several DLE technology companies and hope to have news of that progress in the future,” added Nichol.


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