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Environmental Base Line Study Update

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Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) announced progress on the environmental baseline study for the Hombre Muerto North Lithium Project in Argentina, conducted by EC & Asociados. The study has completed the dry season analysis, with results due in early December. The next phase will examine wet season conditions. This study is critical for environmental permitting and a future Feasibility Study. The company is also evaluating Direct Lithium Extraction methods and awaiting drill permit approvals for resource expansion.

Positive
  • Completion of dry season analysis for environmental study.
  • Next phase of study to commence soon, keeping project on track.
  • Environmental baseline study crucial for upcoming Feasibility Study.
  • Exploring multiple extraction methods, which may improve resource viability.
Negative
  • Delays in obtaining drill permits could hinder resource expansion efforts.

VANCOUVER, BC, Nov. 17, 2021 /PRNewswire/ -- Lithium South Development Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ).  The Company is pleased to provide an update on progress with the ongoing environmental baseline study at the Hombre Muerto North Lithium Project, being conducted by EC & Asociados of Salta, Argentine. EC & Asociados have advised that they have completed study of the onsite environmental conditions during the dry season and will be providing an updated report expected in early December.  The second phase of the study will commence during the first two weeks of December and will involve study of the environmental conditions on site during the wet season.  The environmental base line study will fulfill requirements under the General Environmental Law, Mining Code No. 24.585.

Company Vice President, Fernando Villarroel is quoted: "We are very pleased with the progress made to date for environmental permitting.  Conclusion of the baseline study will provide a key element of a planned Feasibility Study."

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 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-gallon bulk brine samples are in transit; one sample is heading to Oakland California for testing by Lilac Solutions, and the second sample is heading to Chengdu China for testing by Chemphys.  DLE test work is also currently underway in Salta, Argentina by Eon Minerals.

In addition, the Company is planning to potentially expand the known resource by drilling various areas of interest identified in a recent TEM survey.  The Company is awaiting approval of drill permits currently under review by the Mining Secretariat in Salta, Argentina.

This news release has been reviewed and approved by Marcela Casini, advisor to the Company and a Qualified Person as that term is defined in National Instrument 43-101.

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.

 

Cision View original content:https://www.prnewswire.com/news-releases/environmental-base-line-study-update-301426647.html

SOURCE Lithium South Development Corporation

FAQ

What progress has Lithium South made on the Hombre Muerto North Lithium Project?

Lithium South announced completion of the dry season analysis for the environmental baseline study, with results expected in early December.

When will the next phase of the environmental study start?

The second phase will begin in the first two weeks of December.

What are the implications of the environmental study for Lithium South's stock LISMF?

The environmental baseline study is essential for permitting and future feasibility assessments, potentially impacting investor confidence.

What extraction methods is Lithium South evaluating?

Lithium South is assessing conventional evaporation extraction and Direct Lithium Extraction (DLE) methods.

LITHIUM SOUTH DEV CORP

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