LITHIUM ONE INC 
By | September 29, 2011 Lithium One Advances on Key Project Development Milestones for its Sal de Vida Lithium and Potash Project | |||||||||||||||||||||||||||||||
Lithium One Inc. (the "Company") (TSX-V: LI), is pleased to announce that it has achieved a number of technical and legal milestones at its flagship Sal de Vida lithium and potassium brine project at Salar del Hombre Muerto, in northwest Argentina. These include:
Process testing developments Lithium One has significantly advanced the process flow sheet for the Sal de Vida project. Lab and pilot scale testwork have now mapped the path to production of battery-grade lithium carbonate and standard grade potash. Key advancements in the process development include:
Engineering firm ARA Worley Parsons is finalizing the PEA for the Sal de Vida Project. The Company expects to release a summary of the PEA shortly, including capital and operating expenses, along with a cash flow model for the potential future operation. Aimed at upgrading and expanding the existing NI 43-101 compliant lithium and potassium resource, core drilling continues on the project. Twenty of an anticipated 25 - 30 core holes have been completed. There are also two well drilling rigs developing production wells for the ongoing pumping tests. Based on pending drilling data and pump test results, there will likely be an expansion and upgrade of the resource in the coming weeks. Completion of Environmental and Social baseline study Environmental Resource Management (ERM Group Inc.) completed the environmental and social baseline study for the Sal de Vida Project area. While not necessarily required by the environmental authorities in Argentina, the Company considers such studies an element of best practice in the management of the environment and community relations. The process of auditing the field conditions and historic compliance on the properties, combined with the communities assessment, is also helpful in identifying potential future challenges as well as the community stakeholders in the project. As such, it will be an important component of the Environmental Impact Study for the proposed lithium and potash brine project. The study did not identify any major environmental liabilities or conflicts with local stakeholders. In fact, the report demonstrates that resource development in and around Salar del Hombre Muerto has been consistent with local community standards and participation. The findings of the report are positive for Lithium One because it establishes the site as an active industrial area where the local communities have been involved in exploitation of boron and lithium for many areas, and yet it identified no significant negative impacts to the environment or communities. Registration under the Mining Law Argentina National Mining Secretary Jorge Mayoral last week signed a declaration stating that Lithium One's Argentine subsidiary is registered under Mining Investment Law N Share
© Publicnow - 2011
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Lithium One Inc. : Lithium One Advances on Key Project Development Milestones for its Sal de Vida Lithium and Potash Project
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