VANCOUVER, BC, March 3, 2022 /CNW/ -- Lithium South
Development Corporation (the "Company") (TSX-V: LIS)
(OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to announce that road
access and drill pads have been completed and a 2000 Meter drill
program is staged to commence at the HMN Li Project, Salta Province, Argentina.
The three pads constructed on the Alba Sabrina claim block are
approximately 2.5 kilometers apart across the project area, north
to south. The drill program consists of three drill holes, one per
pad.
At 2,089 hectares, the Alba Sabrina claim is the largest block
in the project package and has not been drill tested. A drill
contract is expected to be announced in the coming days.
About Lithium South
Lithium South is focused on developing the Hombre Muerto North
Lithium Project, located on the Hombre Muerto Salar, a major
lithium-producing salar in Argentina. The property is adjacent
to a $ US 840 million lithium mine development being undertaken by
the Korean multinational corporation POSCO, which acquired the raw
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 two lithium recovery processes in
parallel - 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-liter bulk brine samples are being evaluated outside of
Argentina. One sample is being tested by Lilac Solutions of
Oakland, California. A second
2,000-liter bulk sample is being tested by Chemphys Chengdu, in
China. DLE test work is also currently underway in Salta,
Argentina by Eon Minerals.
This press 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. Ms. Casini participated in the writing of this
press release.
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
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.
Lithium South Development Corporation
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SOURCE Lithium South Development Corporation