STANDARD LITHIUM ANNOUNCES POSITIVE RESULTS OF GEOPHYSICAL SURVEY AT BRISTOL LAKE, MOJAVE PROJECT, CALIFORNIA
August 08 2017 - 12:57PM
InvestorsHub NewsWire
STANDARD LITHIUM ANNOUNCES POSITIVE RESULTS OF
GEOPHYSICAL SURVEY AT BRISTOL LAKE, MOJAVE PROJECT,
CALIFORNIA
Vancouver, BC -- August 08, 2017 –
InvestorsHub NewsWire -- Vancouver, BC – Standard Lithium
Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (FRA: S5L) (OTCQX: STLHF) is pleased to announce
positive results from the completed Controlled-Source
Audio-Magnetotellurics / Magnetotellurics (CSAMT/MT) geophysical
survey at the Company’s Bristol Lake Project, in the Mojave area of
California.
The report produced by Hasbrouck Geophysics Inc. provided the
following highlights:
·
Extensive low resistivity values
across almost all of Standard Lithium’s 16,000+ acre claim package,
suggesting that lithium brines are present beneath almost all of
Standard’s claims;
·
Thick sequences of extremely low
resistivity values (less than 1 ohm-metre), likely correlating with
high concentration brines; and,
·
An increase in conductivity to the
south and east, suggesting that brines extend fully across Standard
Lithium’s claim package in parts of the basin which are currently
not used for brine harvesting activities.
Jim Hasbrouck, President of
Hasbrouck Geophysics commented "Resistivity values less than one ohm-metre
are present throughout the Bristol Lake Project area with portions
of the area having resistivities that approach an extremely low
value of 0.2 ohm-metres. These resistivities are the lowest
that I have measured in the US for lithium-brine exploration and
are similar to those seen in the lithium triangle of Chile,
Argentina and Bolivia."
The data from this successful
CSAMT/MT survey are now being combined with the results from the
recent gravity geophysical survey to determine suitable locations
for exploratory drilling, and Standard Lithium is in the process of
retaining drilling contractors to allow for rigs to mobilise before
the end of Q3.
Quality
Assurance
Raymond Spanjers, Certified
Professional Geologist (SME
No. 3041730), is a qualified person as defined by NI 43-101, and
has supervised the preparation of the scientific and technical
information that forms the basis for this news release. Mr.
Spanjers is not independent of the Company as he is an officer in
his role as Vice President, Exploration and Development.
About Standard
Lithium
Standard’s value creation strategy
encompasses acquiring a diverse and highly prospective portfolio of
large-scale domestic brine resources, led by an innovation &
results oriented management team with a strong focus on technical
skills. The Company is currently focused on the immediate
exploration and development of its 16,000+ acre Bristol Lake, Brine
Project located in the Mojave region of San Bernardino County,
California. The location has significant infrastructure
in-place, with easy road and rail access, abundant electricity and
water sources, and is already permitted for extensive brine
extraction and processing activities.
For further
information, contact Anthony Alvaro at 604.260.4793.
On behalf of the
Board,
Standard
Lithium Ltd.
Robert Mintak, CEO
& Director
Neither 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.
This news release may contain
certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target, “plan”, “forecast”, “may”, “schedule” and other similar
words or expressions identify forward-looking statements or
information. These forward-looking statements or information
may relate to future prices of commodities, accuracy of mineral or
resource exploration activity, reserves or resources, regulatory or
government requirements or approvals, the reliability of third
party information, continued access to mineral properties or
infrastructure, fluctuations in the market for lithium and its
derivatives, changes in exploration costs and government regulation
in Canada and the United States, and other factors or
information. Such statements represent the Company’s current
views with respect to future events and are necessarily based upon
a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social risks,
contingencies and uncertainties. Many factors, both known and
unknown, could cause results, performance or achievements to be
materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking
statements. The Company does not intend, and does not assume
any obligation, to update these forward-looking statements or
information to reflect changes in assumptions or changes in
circumstances or any other events affections such statements and
information other than as required by applicable laws, rules and
regulations.
Standard Lithium (TSXV:SLL)
Historical Stock Chart
From Jan 2025 to Feb 2025
Standard Lithium (TSXV:SLL)
Historical Stock Chart
From Feb 2024 to Feb 2025