Bulk Brine Sample for Direct Lithium Extraction Test Work

Rhea-AI Summary

Lithium South Development Corporation (TSX-V: LIS, OTCQB: LISMF) has announced the start of a bulk brine sample program at its Hombre Muerto North Lithium Project in Argentina. Under the supervision of Consulting Geologist William Feyerabend, the program aims to collect a 6,000-liter sample for testing Direct Lithium Extraction methods in China and North America. The project benefits from proximity to POSCO's development adjacent to the Hombre Muerto Salar, a leading lithium-producing area. Previous assessments indicated a NI 43-101 lithium carbonate equivalent resource.

Positive

• Initiation of a bulk brine sample program to enhance lithium extraction methods.
• Access to high-quality lithium resources at the Hombre Muerto North Lithium Project.
• Collaboration with Chemphys for advanced Direct Lithium Extraction testing.

Negative

• None.

VANCOUVER, BC, April 8, 2021 /PRNewswire/ --  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

FAQ

What is the significance of the bulk brine sample program by Lithium South Development Corporation (LISMF)?

The bulk brine sample program is significant as it aims to enhance lithium extraction techniques, potentially increasing the project's economic viability.

When was the bulk brine sample program announced by Lithium South Development Corporation (LISMF)?

The program was announced on April 8, 2021.

Where is the Hombre Muerto North Lithium Project located?

The Hombre Muerto North Lithium Project is located in Salta Province, Argentina.

What are the testing locations for the direct lithium extraction methods?

Testing for direct lithium extraction will take place in China and North America.

Who oversees the bulk brine sample program at the Hombre Muerto North Lithium Project?

The program is supervised by Consulting Geologist William Feyerabend.