Lithium South Drill Program to Begin at Alba Sabrina Claim Block
Lithium South Development Corporation has commenced a resource expansion drill program at the Hombre Muerto North Lithium Project in Salta, Argentina. The drill program will cover 2,000 meters on the Alba Sabrina claim block, which spans 2,089 hectares, as part of a larger 5,687-hectare project. A recent TEM Study indicated a halite aquifer roughly 75 meters deep. The company's drilling aims to reach basement rock up to 700 meters deep. Lithium South is also assessing traditional evaporation and Direct Lithium Extraction methods for resource development.
- Initiation of a 2,000-meter core drill program aimed at expanding lithium resources.
- TEM Study suggests presence of a significant halite aquifer, indicating potential for high-quality lithium brine.
- Adjacent to a major lithium mine development by POSCO, enhancing strategic position.
- None.
VANCOUVER, BC, April 26, 2022 /PRNewswire/ -- Lithium South Development Corporation (the "Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased to announce the initiation of a resource expansion drill program at the Hombre Muerto North Lithium Project (HMN Li Project), Salta, Argentina.
The Company has retained Servicios Geologicos of Salta, Argentina, to conduct a 2,000-meter core hole drill program on the Alba Sabrina claim block. At 2,089 hectares, the Alba Sabrina claim block is the largest of the nine block, 5,687-hectare project. A recent TEM Study has identified a surficial halite aquifer of approximately 75 meters of depth, with a clastic brine aquifer immediately below. The TEM Study was limited to approximately 350 meters of depth, with the basement rock not confirmed. The drill program will attempt to drill to basement, limited to approximately 700 meters by the depth potential of the drill rig. The drill rig is expected to be located on site within the next two weeks.
Company President, Adrian F. C. Hobkirk is quoted, "We are excited to begin the potential expansion of the high-quality lithium brine resource at the HMN Li Project. In particular, to confirm our expectations that deeper drilling will return significant results."
About Lithium South
Lithium South is focused on developing the Hombre Muerto North Lithium Project, located on the Hombre Muerto Salar, a major lithium-producing salar in Argentina. The property is adjacent to a US
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-liter bulk brine samples are being evaluated outside of Argentina. One sample is being tested by Lilac Solutions of Oakland, California. A second 2,000-liter bulk sample is being tested by Chemphys Chengdu, in China. DLE test work is also currently underway in Salta, Argentina by Eon Minerals.
The technical and scientific information in this press release was reviewed by Mr. William Feyerabend, a Consulting Geologist, and Qualified Person under NI 43-101. Mr. Feyerabend participated in the production of this press release.
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.
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SOURCE Lithium South Development Corporation
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