Alpha Lithium Corporation (TSXV: ALLI) announced Friday morning results from its original six-well program at its Tolillar Salar located in Salta Province, Argentina. The highlight encounter is 351 mg/L lithium brine over 352 metres.
The company has drilled six exploratory holes to date, with five production holes drilled to depths of between 78 and 352 meters. Results from the program include:
- WBALT5: 351 mg/L lithium brine over 352 metres
- WBALT7: 345 mg/L lithium brine over 352 metres
- WBALT3: 210 mg/L lithium brine over 127 metres
The drilling program is part of the company’s initial exploration campaign of the 27,500-hectare property. according to the mining firm, both of the campaign’s objectives are achieved: improving the conceptual hydrogeological model of the salary and determining lithium grades and hydraulic parameters.
Based on the results so far, the firm has undertaken to add two additional production wells and two fresh-water wells on the property.
Alpha Lithium last traded at $1.21 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.