Lithium South Expands Production Well Drill Program
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Recent efforts at Well PW23-AS-02, have successfully cleared the well of sediment, leading to the flow of clear brine with strong artesian characteristics. These developments suggest potential for enhanced brine extraction rates. To maximize these benefits, an 80-kilowatt pump, significantly larger than the initially planned 50-kilowatt pump, has been contracted for the HMN Li Project.
Adrian F. C. Hobkirk, President and CEO of Lithium South Development Corporation states, "These developments on the Alba Sabrina claim block could potentially enhance our operational capacity. The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar. We're excited about the future and are committed to delivering value to our shareholders and contributing responsibly to the global energy transition."
In response to these developments, Lithium South has decided to significantly expand its well installation program. This expansion includes an additional well of up to 400 meters at the Alba Sabrina block and three more within the adjoining Norma Edith and Viamonte blocks, subject to a 50/50 brine share with neighbor POSCO.
Concurrently, the technical team is preparing the biannual Environmental Impact Report, incorporating the expanded drilling plans. This report, essential to the strategic objectives of Lithium South, will be submitted by the end of April.
About Lithium South
Lithium South owns
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
Mr. William Feyerabend, CPG, a Consulting Geologist and Qualified Person under NI 43-101 contributed to the production of this press release and approves of the technical and scientific information contained herein.
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Note 1: A report titled Updated Mineral Resource Estimate – Hombre Muerto North Project, NI 43-101 Technical Report Catamarca and
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
FAQ
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