The Company is applying to reinstate drilling permits on certain tenements, which expired during the COVID-induced government shutdown.
The latest round of geophysics was conceived on a decision to expand the area of investigation and survey additional acreage in a previously unexplored portion of the Tolillar Salar. The Company's earlier geophysics results had identified a potential extension to the south of the previously explored area, in addition to identifying several exciting brine horizons in the northern part of the salar.
The recently completed geophysics program experienced some delays due to inclement weather and additional COVID-related restrictions levied on visitors or passersby through remote, high-altitude villages in the
The Company's team of experts from Conhidro SRL ('Conhidro') have commenced full analysis of the raw data and are expected to provide a report to Alpha management in several weeks.
Additionally, based on all the geophysical and hydrogeological results to date, the Company has undertaken a process to ensure the few drilling permits that expired are restored so the Company can secure a drilling rig and commence drilling operations as soon as possible. The high-powered VES technology utilized by Alpha has provided several drilling locations and several horizons to investigate with the drill bit. The multiple conductive zones identified appear to exist at depths as shallow as 50 meters to depths as deep as 450 meters, and beyond.
The results coincide with shallow tests previously conducted on the salar, which identified the presence of both brine and lithium.
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