Tuesday, February 15, 2022
10:51 AM EST – Lithium South Development Corporation : Announced that it has finalized a drill plan for the Hombre Muerto North Lithium Project, Salta Province, Argentina. The three core hole program will be located on the Alba Sabrina claim block, which at 2,089 hecatares is the largest salar located block in the claim package. A recent TEM study ( October 4, 2021 news release ) identified significant aquifer potential; such an aquifer, if confirmed by drilling may significantly increase the lithium resource. The program will be managed by Ms. Marcela Casini , a highly experienced Argentina based lithium explorationist, and a Qualified Person under National Instrument 43-101. A drill contract is expected to be finalized in the coming days. In addition, the Company has issued a Request for Proposal for drilling up to three production wells if exploration drilling results are favorable. In addition, the remaining claim blocks on the salar are being evaluated for drill site locations to further enhance the potential development of a larger resource. Lithium South Development Corporation (V.LIS) shares were up 4 cents at 0.65.
Stocks in Play: Lithium South Development Corporation, Tue, 15 Feb 2022 10:57:07 EST