— Firm Reviews Vertical Electrical Sounding (“VES”) Outcomes on its Santo Tomas Property in Hombre Muerto Salar
— Firm Progresses Further VES Marketing campaign on its Gran Victoria Property in Hombre Muerto Salar
Alpha Lithium Company (TSX.V: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1) (” Alpha ” or the ” Firm “) may be very happy to announce that it has accomplished a Vertical Electrical Sounding (“VES”) marketing campaign throughout a portion of its Salar del Hombre Muerto undertaking in Argentina’s Lithium Triangle ( see June 28, 2022 information launch ). The Firm controls over 5,000 hectares within the prolific Hombre Muerto salar and the outcomes of this VES marketing campaign point out the presence of serious subsurface brine our bodies on the Firm’s Santo Tomas property.
Alpha’s Santo Tomas property is surrounded by POSCO’s multi-billion-dollar Hombre Muerto improvement and is situated lower than 5 km from POSCO’s pilot plant in the identical salar.
Exploration and drilling exercise by surrounding opponents point out Alpha’s property ought to include a prolific lithium brine aquifer. Two close by wells, each drilled inside 300 meters of Santo Tomas’ boundaries, produced at extremely important circulate charges with a minimum of one of many wells returning lithium concentrations higher than 750 mg/L, which is typical within the Salar del Hombre Muerto.
The outcomes of the VES analysis point out the presence of three massive items, all of that are anticipated to be productive:
- Higher Unit: Extends from the floor to 44 meters deep, with very low resistivity values (0.3 to 2.3 Ohm-m) and is described as sand, silt, clay and evaporites facies, saturated with productive brines.
- Center Unit: A really thick productive sequence with low to reasonable resistivity values (2 to 12 Ohm-m) which might be interpreted as fractured and large halite facies, with intercalations of sandy facies, and saturated with brines. There’s a clear improve in thickness from east to west, with the unit base detected at roughly 200 meters deep within the east, and roughly 320 meters deep within the west.
- Decrease Unit: Characterised by reasonable resistivity values (17 to 41 Ohm-m) and are described as sedimentary facies of the Neogene Catal Formation. This traditionally saturated and productive unit is made up of conglomerates, sandstones, and tuffs.
The Firm’s regional geological-geophysical mannequin means that the thickness of the trendy fill facies (sands, silts, clays, evaporites and halite) of the Salar del Hombre Muerto differ from about 40 meters within the jap sector (outcropping of the Catal Formation), to greater than 500 meters deep within the western zone (outcrops of the Sijes Formation).
Brad Nichol, President, and CEO of Alpha, acknowledged, “As we proceed progressing within the neighboring Tolillar Salar nearer in the direction of our goal of economic manufacturing, Hombre Muerto is rapidly turning into the subsequent progress engine for our firm. In Hombre Muerto, we’re surrounded by intense exploration and exploitation of lithium enriched brines by multinational company giants. By way of these exploits, and the unrivaled 25-year manufacturing historical past, Hombre Muerto is properly understood to be one of the vital fascinating lithium brine areas on the earth. The outcomes of this VES survey point out important similarities to the encompassing world-class property of our rapid neighbors.”
With $44 million in money, Alpha is sufficiently funded to proceed pursuing its exploration and manufacturing ambitions in Argentina for the long-term. Accordingly, the Firm intends to begin drilling operations in Hombre Muerto as quickly as potential.
Nichol continued, “Our operations in Hombre Muerto don’t begin and cease with the Santo Tomas property. We’ve got already commenced a VES marketing campaign on our Gran Victoria property in Hombre Muerto and count on to accumulate roughly 40 shot factors there. We stay up for releasing the outcomes of that survey as quickly as now we have them.”
Alpha’s workforce is without doubt one of the most skilled within the Salar del Hombre Muerto. As lately introduced ( see July 19, 2022 information launch ), the Firm has engaged Mario Portillo, a world lithium professional labored on the design of Livent Company’s 25-year producing lithium carbonate and lithium chloride crops, along with guiding Galaxy Sources (now Allkem Restricted) within the Salar del Hombre Muerto. Moreover, Alpha’s Nation Supervisor, David Guerrero has spent most of his lithium profession in Hombre Muerto, having held a management place in Galaxy Sources. After main improvement and exploration actions, David was a necessary participant within the 2018 sale of Galaxy’s Hombre Muerto property to POSCO. Lastly, Physician Rodolfo Garcia leads Alpha’s subsurface technical workforce and has spent a long time finding out, understanding, researching, exploring, exploiting and instructing world audiences concerning the Salar del Hombre Muerto. Physician Garcia’s work is thought and revered worldwide and he’s one in all a number of skilled leaders throughout the Alpha Lithium workforce.
Certified Individual, QA/QC Statements:
Michael Rosko, MS, PG, of Montgomery and Associates (“M&A”) of Santiago, Chile, is a registered geologist (CPG) in Arizona, California and Texas, a registered member of the Society for Mining, Metallurgy and Exploration (SME No. 4064687), and a professional individual as outlined by Nationwide Instrument 43-101. Mr. Rosko has in depth expertise in salar environments and has been a professional individual on many lithium brine tasks. Mr. Rosko and M&A are impartial of Alpha. The Firm has a strong QA/QC and pattern administration program. Mr. Rosko has reviewed and permitted the scientific and technical content material of this information launch.
ON BEHALF OF THE BOARD OF Alpha Lithium CORPORATION
“Brad Nichol”
Brad Nichol
President, CEO and Director
For extra data:
Alpha Lithium Investor Relations
Tel: +1 844 592 6337
relations@alphalithium.com
www.alphalithium.com
About Alpha Lithium (TSX.V: ALLI) (OTC: APHLF) (Germany WKN: A3CUW1)
Alpha Lithium is a workforce of trade professionals and skilled stakeholders centered on the event of the Tolillar and Hombre Muerto Salars. In Tolillar, now we have assembled 100% possession of what could also be one in all Argentina’s final undeveloped lithium salars, encompassing 27,500 hectares (67,954 acres), neighboring multi-billion-dollar lithium gamers within the coronary heart of the famend “Lithium Triangle”. In Hombre Muerto, we proceed to increase our 5,000+ hectare (12,570 acres) foothold in one of many world’s highest high quality, longest producing, lithium salars. Different firms within the space exploring for lithium brines or at the moment in manufacturing embody Orocobre Restricted, Galaxy Lithium, Livent Company, and POSCO in Salar del Hombre Muerto; Orocobre in Salar Olaroz; Eramine SudAmerica S.A. in Salar de Centenario; and Gangfeng and Lithium Americas in Salar de Cauchari.
Ahead-Trying Statements
This information launch comprises forward-looking statements and different statements that aren’t historic information. Ahead-looking statements are sometimes recognized by phrases resembling “will”, “might”, “ought to”, “anticipate”, “expects” and comparable expressions. All statements aside from statements of historic truth, included on this information launch are forward-looking statements that contain dangers and uncertainties. There might be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Necessary components that would trigger precise outcomes to vary materially from the Firm’s expectations embody the outcomes of additional brine course of testing and exploration and different dangers detailed on occasion within the filings made by the Firm with securities regulators. The reader is cautioned that assumptions used within the preparation of any forward-looking data might show to be incorrect. Occasions or circumstances might trigger precise outcomes to vary materially from these predicted, because of quite a few recognized and unknown dangers, uncertainties, and different components, lots of that are past the management of the Firm. The reader is cautioned to not place undue reliance on any forward-looking data. Such data, though thought-about affordable by administration on the time of preparation, might show to be incorrect and precise outcomes might differ materially from these anticipated. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch and the Firm will replace or revise publicly any of the included forward-looking statements as expressly required by relevant legislation.
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