VANCOUVER, BC, April 26,
2022 /CNW/ -- Lithium South Development
Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF)
(Frankfurt: OGPQ) is pleased to announce the initiation of a
resource expansion drill program at the Hombre Muerto North Lithium
Project (HMN Li Project), Salta, Argentina.
The Company has retained Servicios Geologicos of Salta,
Argentina, to conduct a
2,000-meter core hole drill program on the Alba Sabrina claim
block. At 2,089 hectares, the Alba Sabrina claim block is the
largest of the nine block, 5,687-hectare project. A recent TEM
Study has identified a surficial halite aquifer of
approximately 75 meters of depth, with a clastic brine aquifer
immediately below. The TEM Study was limited to approximately 350
meters of depth, with the basement rock not confirmed. The drill
program will attempt to drill to basement, limited to approximately
700 meters by the depth potential of the drill rig. The drill rig
is expected to be located on site within the next two weeks.
Company President, Adrian F. C.
Hobkirk is quoted, "We are excited to begin the potential
expansion of the high-quality lithium brine resource at the HMN Li
Project. In particular, to confirm our expectations that deeper
drilling will return significant results."
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 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.
The technical and scientific information in this press release
was reviewed by Mr. William
Feyerabend, a Consulting Geologist, and Qualified Person
under NI 43-101. Mr. Feyerabend participated in the production 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.
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SOURCE Lithium South Development Corporation