VANCOUVER, BC, December 9, 2021 / CNW / – Southern lithium development company (the “Company”) (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ). The Company is pleased to provide an update on drilling preparation at the Hombre Muerto North Lithium project in Salta, Argentina. The Company has contracted Minera Santa Rita for the construction of roads and drilling platforms. Minera Santa Rita is a well-known local contractor who recently completed work for the neighboring POSCO project.
Based on the results of a recent MET study (see October 4 Press Release) Three main shafts are planned for the Alba Sabrina claim block. The 2,089 hectare Alba Sabrina claim block and the largest block on the HMN Li project has never been drill tested. The construction of a road and a platform will give access to the three well sites. Local access is good and the project area will only require about two kilometers of road construction as well as three drilling platforms. The dimensions of the cushion will be thirty meters by thirty square meters.
Vice-president of the company Fernando Villarroel is quoted, “We are very excited to move the project forward for the potential expansion of the current resource. The Alba Sabrina block is the largest of the package and represents an excellent drill target.”
About Lithium Sud
Lithium South is focusing on the development of 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 company POSCO, which acquired the land from Galaxy Resources Ltd. on behalf of the United States. $ 280 million. The Company performed a preliminary economic assessment of the HMN Li project in 2019, using conventional evaporative extraction.
The Company is evaluating conventional evaporation as a processing method and direct lithium extraction (DLE) as an alternative method. Three DLE candidates are currently being assessed. Two 2,000 gallon bulk brine samples are in transit; a sample goes to Oakland California for testing by Lilac Solutions, and the second sample goes to Chengdu China for testing by Chemphys. DLE test work is also underway in Salta, Argentina by Eon Minerals.
In addition, the Company plans to potentially extend the known resource by drilling various areas of interest identified during a recent MET survey. The Company is awaiting approval of the drilling permits currently under review by the Mining Secretariat in Salta, Argentina.
This press release has been reviewed and approved by Marcela casini, advisor to the Company and Qualified Person within the meaning of NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has not reviewed the contents of this press release and, therefore, accepts no responsibility for the adequacy or accuracy of the contents of this press release.
This press release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. With the exception of statements of historical fact concerning the Company, certain information contained in this document constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management as of the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual results to differ. substantially from those projected in forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. We seek refuge.
On behalf of the board of directors
Adrian FC Hobkirk
President and CEO
Investors / shareholders call 855-415-8100 / website: www.lithiumsouth.com
SOURCE Lithium Sud development