Lithium Exploration Group's Technology Partners Prepare for Summer Field Testing of Frac Water and Oil Upgrading Units
June 09 2014 - 8:45AM
Marketwired
Lithium Exploration Group's Technology Partners Prepare for Summer
Field Testing of Frac Water and Oil Upgrading Units
SCOTTSDALE, AZ--(Marketwired - Jun 9, 2014) - In February
and March of 2014, Lithium Exploration Group (OTCQB: LEXG) and the
team from Sonic Cavitation successfully tested the Ultrasonic
Generator with fresh water, reaching temperatures in excess of 275
degrees Fahrenheit. The unit was run for five hours at each
testing interval to gather data on the performance of the unit, and
to ensure there were no mechanical or power-related
issues. With fresh water testing completed, Sonic Cavitation
has been working with their manufacturing partner over the past few
months to design the appropriate discharge vessel to field test the
unit with oilfield waste water and frac water. This partner is
a global industrial equipment manufacturer, with the ability to
mass-produce as required. Field testing for frac water is
expected to take place this summer in Texas, concurrent with the
delivery of the oil upgrading unit to be tested at LEXG's Wardlow
facility.
"The results of the testing this spring were fantastic. We
were able to to see, touch, and feel the technology in action and
know exactly how and at what rpm levels the generator operates most
efficiently," commented CEO Alex Walsh. "Now we need to field
test for water purification and oil upgrading, and have third party
reports produced on the results. We're excited about the
prospect of mass production and scale; and that this technology
will not need millions of dollars and years of R&D to produce
meaningful revenue and upside. Technologies that impact the
oil and gas space are 'hot' right now, and we are on the cutting
edge."
About Lithium Exploration Group Lithium Exploration Group is a
US-based exploration and development company focused on the
acquisition and development potential of lithium brines and other
precious metals that demonstrate high probability for near-term
production. Currently the company is focused on its Western Canada
lithium assets, testing its Ultrasonic Generator Technology and the
acquisition of oil and gas related assets in Western Canada.
Lithium Exploration Group is a fully reporting company traded on
the OTCQB under the symbol LEXG. Website:
www.lithiumexplorationgroup.com.
Safe Harbor Statement This news release contains
"forward-looking statements". Statements in this press release that
are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future testing of the ultrasonic
technology.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
CONTACT : Shanon Chilson 480-641-4790
info@lithiumexplorationgroup.com