SEISMIC SPECIALIST TOURS WHITE TOP PROJECT AND GIVES LITHIUM EXPLORATION GROUP CEO TWO THUMBS UP
August 24 2017 - 9:28AM
InvestorsHub NewsWire
Phoenix, AZ – August
24, 2017 -- Lithium Exploration Group Inc. (USOTC: LEXG) announced today that it had a
specialist in seismic data collection tour the White Top field to
provide analysis of the current seismic survey progress. A
representative from Strategic Carbon spent time with the field
engineer and the seismic contractor to review their progress and
quality control and has given Lithium Exploration Group very
positive feedback on their progress and strategy. Strategic
Carbon will be providing a written analysis of their review in the
coming days which will be uploaded to the company’s
website.
As of yesterday, the
contractors had completed the drilling of just over 1000 shot holes
and had deployed nearly 1000 geophones to collect the impending
seismic data. The “shoot” will begin next week where they
will detonate over 1000 charges over a series of 3-5 days and will
gather the soundwaves to present a three-dimensional analysis of
the salt dome structure and deeper oil and gas prospects.
This data will assist in determining the overall depth and breadth
of the long-term opportunity and de-risk many of the present
drilling targets.
“It is critical to have
this type of independent research to support the belief that this
4000-acre oil and gas project can be a hidden gem that our partners
at White Top have been able to uncover. It is great that I
believe in my partners but to have multiple independent firms with
decades of experience in the space concur that this project has
great potential is very satisfying,” commented CEO Alex
Walsh. “If you look at the data we have posted to our website
you can see what types of amazing results can come from the uses of
modern technology and we stand to benefit greatly from the work
that these guys are doing.”
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