LITHIUM EXPLORATION GROUP ANNOUNCES COMPLETION OF SEISMIC DATA COLLECTION EXPECTED BY END OF AUGUST
August 09 2017 - 11:24AM
InvestorsHub NewsWire
Lithium Exploration Group Announces Completion of
Seismic Data Collection Expected by End of August
Phoenix, AZ -- August 9, 2017 -- InvestorsHub NewsWire -- Lithium
Exploration Group Inc. (USOTC: LEXG) announced today
that half of the 1000 “shot holes” have been drilled and data
collection is expected to begin next week. The data collection from
the shoot should be completed by the end of August. The shoot area
extends outside of the present lease because it is important to get
a good distance away from the face of the salt dome to get an
accurate reading on the deeper horizons. This will lead to data
being gathered about formations outside of the present lease, which
could in turn lead to additional land leases and additional reserve
potentials for the field.
“There are a handful of very well-defined drilling opportunities
for which our partners are raising capital today. The remainder of
the development opportunity and reserves will be better defined
upon completion of this seismic shoot,” commented CEO Alex Walsh.
“It is exciting that we are under way, and we are only weeks away
from receiving the results which will truly take this project from
being an ‘educated guess’ at potential reserves to knowing
definitively the depth and breadth of what this field has to
offer.”
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 testing the Sonic Cavitation Ltd. technology
and the acquisition of oil and gas related assets in the US and
Canada. Lithium Exploration Group is 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