Lithium South Files LCE Resource NI 43-101 Technical Report
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Highlights
175% Increase in Lithium Resource- 1,583,200 Tonnes Lithium Carbonate Equivalent at 736 mg/L Li
40% Projected Increase in Lithium Recovery to70%
The HMN Li Project is comprised of five salar located claims totaling 3,287 hectares, and is located in the Salar del Hombre Muerto of Salta Province,
The report also provides an evaluation of the updated lithium recovery process plan for the HMN Li Project brines, which uses industry proven evaporation. An adjustment in the processing sequence will reduce lithium loss as brine entrainments in harvested salts, in the magnesium hydroxide, and in calcium sulfate solids. Results to date indicate that lithium recovery of around
Company President and CEO, Adrian F. C. Hobkirk is quoted, "We are very pleased with the substantial upgrade in our LCE Resource at the HMN Li Project and are excited to potentially achieve much higher lithium recoveries. We await the completion of our updated Preliminary Economic Assessment which will further evaluate our newly defined, high quality lithium brine resource."
Dr. Mark King, Ph.D., F.G.C., P.Geo., of Groundwater Insight, Inc., is the Qualified Person (QP) for this work, as such term is defined by NI 43-101. Dr. King has extensive experience in salar environments and has been a QP on numerous lithium brine projects, ranging from early exploration to production. Dr. King is independent from the Company and has reviewed and approved the technical information mentioned in this press release.
About Lithium South
Lithium South (LIS) owns
On behalf of the Board of Directors
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call 1-855-415-8100 / 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 constitute 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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