LITHIUM EXPLORATION GROUP TO ANNOUNCES RESULTS FROM SECOND ROUND
OF TESTING
Phoenix, AZ -- September 27, 2016 -- InvestorsHub NewsWire
-- Lithium Exploration Group Inc. (OTCPINK:
LEXG) has received the results from the second round of testing
with the SonCav Oil Unit in Houston, Texas. The results came back
showing a full elimination of all of the water and a significant
reduction of the suspended solids. The feedstock oil was a heavier
specific than the original testing, but still showed a 10% increase
in the specific gravity for the treated oil base with a 50%
increase in the API of the lightest oil at the top of the testing
vessel. The next scheduled testing will take place from October 6th
through the 11th.
These results are interesting because they show a very similar
increase in the API of the oil, but were performed on a heavier
feedstock. We think that we are just scratching the surface of what
the SonCav Oil Unit can do, but are very excited about the
performance to date, commented CEO Alex Walsh. We admittedly have
not tested the limits of this unit yet. We have held the
temperature down intentionally, but, for the next round of testing,
we intend to increase the temperature by 30% to gauge the effect
that has on the units productivity.
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 testing its Ultrasonic Generator
Technology and the acquisition of oil and gas related assets.
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