May 11, 2022 / Vancouver, BC / 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 QP resource/reserve estimation for:
- Albermarle at Salar Atacama, Chile and Clayton Valley, NV
- estimation for Neolithium at the 3Q Salar, Argentina
- estimation for Albermarle at the Antofalla Salar, Argentina
- estimation for Lithium Americas at the Cauchari Salar, Argentina
The technical team will consist of GWI employees and subconsultants, all 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.