VANCOUVER, BC , April 8, 2021 /CNW/ -- Lithium South Development Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to report the initiation of a bulk brine sample program at the Hombre Muerto North Lithium Project (HMN Li Project), located in Salta Province , Argentina . The sample program will be completed under the supervision of William Feyerabend , a Consulting Geologist and Qualified Person to the Company. A 6,000-liter sample will be obtained for shipment to China , and North America for Direct Lithium Extraction test work.
The project has two pumping wells currently installed on the Tramo Claim, which contains a NI 43-101 lithium carbonate equivalent resource as defined in a Preliminary Economic Assessment filed August 2019 , and available at the Company website. The brine will be accessed through well number one, and after a 12-hour pump out, the sample will be taken. A 2,000-liter bulk brine sample will be received in Chengdu China , by Chemphys for further testing of their XFP DLE process. The remainder of the sample will be used for test work in Salta, Argentina and North America , further details to be provided.
The HMN Li Project is located on the Hombre Muerto Salar, the premier 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 U.S. $ 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.
Mr. William Feyerabend , Consulting Geologist and a Qualified Person under NI 43-101, approves of the scientific content of this press release.
Investors / Shareholders:
Email: info@lithiumsouth.com
Toll Free: 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.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.
On behalf of the board of directors of Lithium South Development Corporation
Adrian F. C. Hobkirk
President and Chief Executive Officer
Direct line: 954-684-8040
View original content: http://www.prnewswire.com/news-releases/bulk-brine-sample-for-direct-lithium-extraction-test-work-301265019.html
SOURCE Lithium South Development Corporation
View original content: http://www.newswire.ca/en/releases/archive/April2021/08/c8286.html