Lithium South adds second drill rig to project in Argentina
Lithium South Development Corporation has provided an update on the drilling campaign currently underway at the Hombre Muerto North Lithium Project (HMN Li Project) in Salta Province, Argentina.
Lithium mining in Argentina
In a statement, the company said that Andalgala Perforaciones of Catamaarca, Argentina has been contracted to provide a second core rig for drilling at the project site.
It added that the rig is expected to be located by the coming weekend (of 20th August 2022) in the northern portion of the Alba Sabrina claim block. The rig has the depth potential required for the drilling programme; the statement pointed out.
Company Director and Chief Operating Officer, Fernando Villarroel states, “We are very pleased to have obtained a second drill rig to move our drill programme forward in a timelier manner. We look forward to providing further results from the two operating drill rigs.”
He added that the objective of the programme is to potentially expand the current Lithium Carbonate Resource which is defined with an average grade of 756 mg/L lithium within 571,000 tons in the Measured and Indicated Categories (See the NI 43-101 compliant Technical Report titled, Initial Measured and Indicated Lithium and Potassium Resource Estimate, Hombre Muerto North Project, Salta and Catamarca Provinces, Argentina), prepared by independent consultants Montgomery and Associates of Santiago, Chile.
Lithium South Development Corporation to continue its exploration
The current Resource is contained solely on the Tramo Claim Block, which is 383 hectares in size. Tramo is one of five Salar-located, non-contiguous claim blocks that comprise the total project area of 3,287 hectares.
The current drill programme is focused on exploration of the Alba Sabrina Claim Block, which is 2,089 hectares in size.