American Lithium Corp. has announced that it has commenced an environmental impact assessment (EIA) hydrology drilling program (designed by SRK Peru and EDASI SAC) at its wholly owned Falchani lithium project in Southern Peru.
The company also announces it has engaged DRA Global and Stantec Inc. to jointly produce an updated preliminary economic assessment (PEA) for Falchani. The updated PEA will focus on incorporating sulphate of potash (SOP) and Cesium (Cs) by-products, the material increase in lithium carbonate (LCE) pricing and the results of the current drilling.
Highlights:
- Diamond drilling has commenced at Falchani as part of the EIA hydrological study.
- The program consists of 10 vertical holes up to 150 metres depth within and adjacent to, the Falchani resource footprint.
- The program includes installation of downhole piezometers to monitor water table and local
- groundwater parameters.
- Parallel with the EIA work, the Company remains focused on launching its planned infill and expansion drilling in and around the Falchani Deposit as final permits are received.
Simon Clarke, CEO of American Lithium states, “We are very excited to be diamond drilling again at Falchani for the first time since before COVID-19. We are also pleased that this work and other recent successes will allow DRA Global to update the Falchani PEA. We anticipate this update will build on and improve the already robust economics of the original PEA and will further highlight the quality and scale of this large lithium deposit.”
