VANCOUVER, BC, April 20, 2021 /CNW/ -- Lithium South
Development Corporation (the "Company") (TSX-V: LIS)
(OTCQB: LISMF) (Frankfurt: OGPQ) is pleased announce it has
completed a bulk brine sample at the Hombre Muerto North Lithium
Project (HMN Li Project), located in Salta
Province, Argentina. The purpose of the program is to
provide Chemphys Chengdu of Chengdu
China, and Lilac Solutions, of Oakland, California, a large brine sample for
Direct Lithium Extraction test work. The well head located on
the Tramo Claim block was opened and run for 12 hours, and then
three 2,000-liter brine samples were obtained. The samples have
been processed through Salta, Argentina, and are now in shipment. All work
was completed under the supervision of Mr. William Feyerabend, a Qualified Person under NI
43-101.
Conventional lithium extraction involves the construction of
large evaporation ponds to concentrate the lithium contained in the
raw brine. The costs of pond construction is significant, the
environmental footprint is large, and the production lead time is
approximately 18 months. These factors contribute to the challenges
of applying the traditional evaporation process to meet increasing
market demand. The Company is evaluating both conventional
evaporation and DLE to determine the optimal process method for the
HMN Li Project.
About Lithium South
Lithium South is focused on developing the HMN Li Project,
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 US $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.
The technical and scientific information contained in this news
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 news release.
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.
On behalf of the board of directors of Lithium South
Development Corporation
Adrian F. C. Hobkirk
President and Chief Executive Officer
Investors / Shareholders call +1-855-415-8100 / website:
www.lithiumsouth.com
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SOURCE Lithium South Development Corporation