Vancouver,
British Columbia / April
8th,
2021
–
InvestorsHub NewsWire -- Lithium
South Development Corporation (the
"Company") (TSX-V:
LIS)
(OTCQB:
LISMF)
(Frankfurt OGPN) is pleased to report
the
initiation
of a bulk brine
sample program at the Hombre Muerto North Lithium Project (HMN Li
Project),
located in Salta Province, Argentina. The sample program
will be
completed under
the supervision of William Feyerabend, a Consulting Geologist and
Qualified Person to the Company. A 6,000 liter
sample
will
be
obtained for
shipment to China, and North America for Direct Lithium
Extraction testwork.
The project has two pumping
wells currently installed on the Tramo Claim, which contains a NI
43-101 lithium carbonate equivalent resource as defined in
Preliminary Economic Assessment filed August 2019, and available at
the Company website. The brine will be accessed through well number
one, and after a 12 hour pump out, the sample
will
be taken. A 2,000 liter
bulk brine sample
will be received in Chengdu China, by Chemphys for further testing of
their XFP
DLE process. The remainder of the sample will be used for
test work
in Salta, Argentina and North America, further details to be
provided.
The HMN Li
Project is located on the Hombre Muerto Salar, the premier
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 U.S. $ 280 million. The Company completed a Preliminary
Economic Assessment of the HMN Li Project in 2019, utilizing
conventional evaporation extraction. The
Company is focused on evaluating alternative extraction methods for
the HMN Li Project and plans to become a leader in the application
of Direct Lithium Extraction technology at the project
level.
Mr. William Feyerabend, Consulting Geologist
and
a Qualified Person under NI 43-101, approves of the scientific
content of this press release.
On
behalf of the board of directors of Lithium
South Development Corporation
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.
The
securities referred to in this news release have not been, nor will
they be, registered under the United States Securities Act of 1933,
as amended, and may not be offered or sold within the United States
or to, or for the account or benefit of, U.S. persons absent U.S.
registration or an applicable exemption from the U.S. registration
requirements.
This
news release does not constitute an offer for sale of securities
for sale, nor a solicitation for offers to buy any
securities. Any public offering of securities in the United
States must be made by means of a prospectus containing detailed
information about the company and management, as well as financial
statements.