Lithium South Development Anticipates High-Yield Potential in PW23-AS-02 Pumping Well
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Initial assessments suggest the well could be highly productive. Emergence, which is brine surging out of the hole, has been observed. This early indication is a promising sign for brine production potential.
The planned installation of a custom-made metal capsule, functioning as a valve to control upwelling, further underscores the anticipation of substantial brine production. Implementing this valve highlights our proactive approach to managing the well's emergent behavior, indicative of its expected high yield. A 20 HP pump set is to be deployed to a depth of approximately 58 meters, which aligns with the presence of the first filter in order to optimize brine pumpability. As the pumping operation commences, adjustments to pump capacity or depth may be made to maximize brine extraction.
"We are very pleased with our results to date and await further information from this wells performance," stated Adrian F. C. Hobkirk, Founder, President & CEO.
Upon long-term pump test completion of well PW23-AS-02, a pumping well is planned to be drilled on either the Viamonte or Norma Edith claim blocks south of Alba Sabrina. Continued development success and our Preliminary Economic Assessment Financial Model, published on March 04, 2024, has brought attention to the Company. Management is reviewing potential industry alliances or other potential business transactions and will apprise the shareholders of any developments.
Mr. William Feyerabend, CPG, a Consulting Geologist and Qualified Person under National Instrument 43-101, participated in the production of this news release and approves the technical and scientific content contained herein.
About Lithium South
Lithium South owns
On behalf of the Board of Directors
Note 1: Report Titled Updated Mineral Resource Estimate – Hombre Muerto North Project, NI 43-101 Technical Report Catamarca and
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 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 that 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.
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 855-415-8100 / website: www.lithiumsouth.com
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SOURCE Lithium South Development Corporation
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