VANCOUVER, BC, May 11, 2022
/CNW/ -- Lithium South Development Corporation (the
"Company") (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) is pleased
to announce it has retained Groundwater Insight Inc. of
Halifax, Nova Scotia to provide
technical services regarding the Hombre Muerto North Lithium
Project (HMN Li Project) located in Salta, Argentina. The services will include the
preparation of a National Instrument Compliant Resource Estimate,
and the preparation of all supporting documents.
Dr. Mark King will serve as the
Qualified Person (QP) for the technical work. Dr. King is the
Principal Hydrologist and President of Groundwater Insight, Inc
(GWI). Dr. King has more than 30 years of experience in
groundwater research and consulting. His resource and reserve
estimation experience on major lithium brine projects is arguably
the most extensive of any geologist, hydrogeologist, or engineer in
the world.
His experience includes serving as QP resource/reserve
estimation for:
- Albermarle at Salar Atacama, Chile and Clayton
Valley, NV
- Neolithium at the 3Q Salar, Argentina
- Lithium Americas at the Cauchari Salar, Argentina, and
- for resource estimation on behalf of Albermarle at the
Antofalla Salar, Argentina.
The technical team will consist of GWI employees and
subconsultants with advanced expertise in geological modelling,
GIS, data management and 3D visualization.
Company President, Adrian F. C.
Hobkirk is quoted, "We are very pleased to have retained
highly experienced, Dr. Mark King
and his company Groundwater Insight, Inc., for key technical work
at the HMN Li Project.
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$840 million lithium
mine development being undertaken by the Korean multinational
corporation POSCO, which acquired the raw 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 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.
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.
SOURCE: Lithium South Development Corporation
View original content to download
multimedia:https://www.prnewswire.com/news-releases/lithium-south-retains-groundwater-insight-for-resource-calculation-301544976.html
SOURCE Lithium South Development Corporation