Lithium South Development Corporation (TSX-V: LIS) (OTCQB: LISMF) (Frankfurt: OGPQ) has installed its first production well at the Hombre Muerto North Lithium project in Argentina.
The lithium miner announced on Wednesday that the well has been drilled to a depth of 60 meters and is now being cased and screened.
“A pump test will begin immediately upon hole development. Hole depth was determined by lithological history and at-site drilling observations,” said the company in a statement.
The company has released a Request for Quotation (RFQ) to explore the Sophia II and Sophia III claim blocks. This RFQ pertains to the drilling of one or two test wells with the purpose of confirming the availability of a dependable and sustainable water source.
An earlier vertical electrical sounding (VES) survey identified saturated sediments within the target area. This water source is of paramount importance as it serves as a vital reagent in the production of lithium carbonate. Situated approximately 10 kilometres to the north of the Hombre Muerto Lithium Project region, the claim group is located in close proximity to any potential developments related to lithium production.
Last September, Lithium South started drilling a series of new wells at its flagship lithium operation in Argentina’s Salta province following a 175 per cent expansion of its lithium brine resources at the site.
The company is completing the construction of a pilot plant at the site to test lithium evaporation characteristics and has only drilled 75 per cent of the project area on the Salar del Hombre Muerto salt flat.
Lithium South is the sole owner of the Hombre Muerto lithium project at the core of the renowned lithium triangle. The Hombre Muerto Salar area boasts a history of lithium production, with Livent Corp. (NYSX: LTHM) operating for more than 25 years, just to the south of the HMN Li Project.
The HMN Li Project finds itself surrounded by a massive US$4 billion lithium development, currently under construction by Posco Holdings (KRX: 005490) along with the Sal de Vida Project in the developmental stages by Livent and Allkem (TSX: AKE) (ASX: AKE) which recently combined into the third largest lithium producer.
Lithium South Development dropped by 4.5 per cent to $0.32 on the Canadian Venture Exchange.
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