VANCOUVER, BC, Dec. 9, 2021 /CNW/ -- Lithium South
Development Corporation (the "Company") (TSX-V: LIS)
(OTCQB: LISMF) (Frankfurt: OGPQ). The Company is pleased to
provide an update on drill preparation at the Hombre Muerto North
Lithium Project, Salta, Argentina. The Company has contracted
Minera Santa Rita for the
construction of roads and drill pads. Minera Santa Rita is a
well-known local contractor having recently completed work for
project neighbor POSCO.
Based on the results form a recent TEM study (see October 4 News release) three core wells are
planned for the Alba Sabrina claim block. The Alba Sabrina
claim block, 2,089 hectares and the largest block of the HMN Li
Project, has never been drill tested. Road and pad
construction will provide access to the three well locations. Local
access is good, and the project area will only require
approximately two kilometers of road construction along with three
drill pads. The pad dimensions will be thirty meters by thirty
meters square.
Company Vice President Fernando
Villarroel is quoted, "We are very excited to be moving the
project forward for the potential expansion of the current
resource. The Alba Sabrina block is the largest in the
package and represents an excellent drill target."
About Lithium South
Lithium South is focused on developing the Hombre Muerto North
Lithium Project (HMN Li Project), located on the Hombre Muerto
Salar, a major lithium-producing salar in Argentina. The property is adjacent to land
under development by the Korean multinational corporation POSCO,
which acquired the ground from Galaxy Resources Ltd. for US
$280 million. The Company
completed a Preliminary Economic Assessment of the HMN Li Project
in 2019, utilizing conventional evaporation extraction.
The Company is evaluating conventional evaporation as a process
method, and Direct Lithium Extraction (DLE) as an alternative
method. Three candidates for DLE are currently being evaluated.
Two, 2,000-gallon bulk brine samples are in transit; one sample is
heading to Oakland California for
testing by Lilac Solutions, and the second sample is heading to
Chengdu China for testing by
Chemphys. DLE test work is also currently underway in Salta,
Argentina by Eon Minerals.
In addition, the Company is planning to potentially expand the
known resource by drilling various areas of interest identified in
a recent TEM survey. The Company is awaiting approval of drill
permits currently under review by the Mining Secretariat in Salta,
Argentina.
This news release has been reviewed and approved by
Marcela Casini, advisor to the
Company and a Qualified Person as that term is defined in National
Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. The TSX Venture Exchange has not reviewed the content
of this news release and therefore does not accept responsibility
or liability for the adequacy or accuracy of the contents of this
news release.
This news release contains certain "forward-looking statements"
within the meaning of Section 21E of the United States Securities
and Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the Company, certain information
contained herein constitutes forward-looking statements.
Forward-looking statements are based upon opinions and estimates of
management at the date the statements are made and are subject to a
variety of risks and uncertainties and other factors which could
cause actual results to differ materially from those projected in
the forward-looking statements. The reader is cautioned not
to place undue reliance on forward- looking statements. We
seek safe harbor.
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website:
www.lithiumsouth.com
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content:https://www.prnewswire.com/news-releases/drill-pad-and-road-construction-underway-301441429.html
SOURCE Lithium South Development