Alpha Lithium Files Technical Report for Highly Prospective Hombre Muerto Project in Argentina

VANCOUVER, British Columbia, June 20, 2023 (GLOBE NEWSWIRE) -- Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) (“Alpha” or the “Company”) announces that it will imminently file an independent technical report (the “Report”) prepared in accordance with National Instrument 43-101 with respect to the Company’s properties in the Salar del Hombre Muerto, located in Argentina. Hombre Muerto neighbors Alpha Lithium’s Tolillar Salar, located less than 15 kilometres to the northwest. The Report was prepared by Dr. Mark King of Groundwater Insight Inc., an expert in lithium brine salars and, specifically, in the Salar del Hombre Muerto.

The Report follows the near-completion of the Company’s detailed Vertical Electrical Sounding (“VES”) survey on the properties, which has identified several extremely conductive sedimentary and halite facies compatible with brine-saturated horizons, at depths up to 500 meters. Alpha’s extensive experience in Hombre Muerto, combined with the VES results and the exploration histories of the neighboring properties, make the Hombre Muerto project highly prospective.

The Company currently holds just over 5,000 hectares in Hombre Muerto Salar, one of the world’s foremost lithium brine salars. The Company’s land position is adjacent to those of multi-billion-dollar industry leaders such as POSCO (Sal de Oro project) and Allkem Ltd. (Sal de Vida project), both of which are at advanced stages of development, and Livent Corp., which has been producing high-quality lithium chemicals for over two decades from its Fenix project.

The Report recommends an 18-hole exploration program. All rotary drilled boreholes will utilize the Borehole Magnetic Resonance (“BMR”) tool, which was also used with great success in Tolillar. The intended purpose of the drilling program is to produce a Mineral Resource Report, based on findings, in approximately 12 to 18 months.

Brad Nichol, President & CEO of Alpha commented, “The Hombre Muerto salar is world-famous for its extremely high lithium concentrations, very low levels of impurities, and high flow rates from production wells. Given its decades-long production history and the billions of dollars committed by industry leaders, the Salar del Hombre Muerto is rightfully viewed as one of the world’s best locations for lithium exploration and development. We are fortunate that the Alpha team has assembled assets in this highly prospective basin, during a time of unprecedented industrial competition for lithium assets in Argentina.”