VANCOUVER, BC, July 22, 2021 /CNW/ -- Lithium South
Development Corporation (the "Company") (TSX-V: LIS)
(OTCQB: LISMF) (Frankfurt OGPQ) is pleased to announce the
appointment of EC & Asociados as technical advisor for the
completion of an Environmental Baseline Study at the Hombre Muerto
North Lithium Project. The study will be used in the preparation
and filing of an Environmental Impact Report with the Mining
Authority in Salta. EC & Asociados is a environmental and
technical consulting firm located in Salta, Argentina, and have extensive experience in
the production of environmental reports to the mining industry.
Their clients include Livent, Rincon Ltd., and Litio Minera
Argentina S.A. among others.
The requirements of the General Environmental Law, Mining Code
No. 24.585 will be followed in the production of the report. The
study will include the documentation of flora, fauna, climate, air
quality, hydrogeology, soil usage, a socio-demographic survey and
ecosystem characterization and, where applicable, seasonal
variations. A weather station will be established on site for
environmental monitoring during the study period.
The program is part of the Company development strategy for the
Hombre Muerto North Lithium Project. Management is taking a fast
track approach to moving the project to a full feasibility study,
and an Environmental Impact Report is a necessary part of this
strategy. In addition, the Company is evaluating three types of
Direct Lithium Extraction Technology ( DLE ) along with
conventional evaporation extraction. Test work is currently
underway, and results are anticipated in the very near future.
This news release has been reviewed by Marcela Casini, advisor of the Company and a
Qualified Person as that term is defined in National Instrument
43-101.
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 focused on evaluating
alternative extraction methods for the HMN Li Project and plans to
become a leader in the application of Direct Lithium Extraction
technology at the project level.
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. There can
be no guarantee that the transaction being contemplated, the sale
of the HMN Lithium Project, will complete as announced or at all.
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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SOURCE Lithium South Development Corporation