LITHIUM EXPLORATION GROUP ANNOUNCES LABORATORY RESULTS FROM INITIAL TESTING
August 31 2016 - 9:30AM
InvestorsHub NewsWire
LITHIUM EXPLORATION GROUP ANNOUNCES LABORATORY RESULTS FROM INITIAL
TESTING
Phoenix, AZ - August 31, 2016 - InvestorsHub NewsWire - Lithium
Exploration Group Inc. (OTCPINK:
LEXG) announced today that it has received the initial testing
results from the laboratory. The results showed a 10% increase in
the API of the oil and reduction of BSW content to below 1% for the
sample from the middle of the testing vessel. The lightest oil in
the top of the testing vessel had a 50% increase in the API with
zero BSW. These results came from the initial testing program on
August 17 and 18. The facility in Houston is adding a circulation
system and tankage so that the testing program can run for an
extended period of time with more volume. The next testing will not
take place until after the Labor Day holiday when all of the
modifications are complete.
We are extremely encouraged by our initial data. We are
reviewing that data with our partners at SonCav and will prepare
for extended testing after the holiday, commented CEO Alex Walsh.
We are taking it one step at a time and wanted to ensure that
everything worked as we intended it to before engaging in a much
longer testing program. We will be providing continued updates as
they become available but will not be sharing any more specific
data until a later date when we have more inputs and have 3rd party
verification of the results.
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 OTC Markets 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 Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com