Standard Lithium Ltd. : Standard Lithium Commences CSAMT/MT Geophysical Survey at Bristol Lake, Mojave Project, California
(Thomson Reuters ONE) -
VANCOUVER, British Columbia, June 29, 2017 (GLOBE NEWSWIRE) -- Standard Lithium
Ltd. ("Standard Lithium" or the "Company") (TSXV:SLL) (FRA:S5L) (OTCQX:STLHF) is
pleased to announce that it has commenced a detailed and large-scale Controlled-
Source Audio-Magnetotellurics / Magnetotellurics (CSAMT/MT) geophysical survey
at the Company''s Bristol Lake Project, in the Mojave area of California. The
survey is being conducted in order to help better define the extent of highly
conductive brine resources in the deep infilled basin that underlies SLL''s
Project area (brine-bearing basin is up to 1.2 km thick beneath the Project
area, as revealed by recent gravity survey work; see news release dated
5th June). The survey is being completed on Standard''s extensive 16,000+ acre
landholding in the Bristol Lake basin, and will also be extended onto adjacent
brine-producing properties in the basin, thanks to the kind cooperation of our
neighbours.
Standard Lithium has retained Hasbrouck Geophysics to perform data acquisition
and interpretation. Hasbrouck are ideally suited to performing the work as they
have extensive experience conducting geophysical surveys in many brine-bearing
basins across the southwestern US. Hasbrouck and their team have mobilised to
site and expect that data acquisition should take approximately 2 weeks to
complete given the detailed nature of the survey and the large size of the
resource area, and that initial interpretation should be available for
Standard''s technical team to assess in the second half of July. Results from
the CSAMT/MT survey will also be used to help scope and determine locations for
the next phases of Standard''s resource assessment program for the Bristol Lake
Project.
Dr. Andy Robinson, COO and President of Standard Lithium, commented: "We''re
delighted to be partnering with Hasbrouck Geophysics as they bring their breadth
of exploration geophysical knowledge to bear on our Bristol Lake Project. Our
team has completed several previous surveys with Hasbrouck and we look forward
to seeing their interpretation of the lateral and vertical extent of the brine
deposits that are present beneath our Project area. Results from this phase of
work will be very helpful in determining final locations for a proposed drilling
programme that will take place in the second half of 2017."
Quality Assurance
Raymond Spanjers, Certified Professional Geologist (SME No. 3041730), is a
qualified person as defined by NI 43-101, and has supervised the preparation of
the scientific and technical information that forms the basis for this news
release. Mr. Spanjers is not independent of the Company as he is an officer in
his role as Vice President, Exploration and Development.
About Standard Lithium
Standard''s value creation strategy encompasses acquiring a diverse and highly
prospective portfolio of large-scale domestic brine resources, led by an
innovation & results oriented management team with a strong focus on technical
skills. The Company is currently focused on the immediate exploration and
development of its 16,000+ acre Bristol Lake, Brine Project located in the
Mojave region of San Bernardino County, California. The location has
significant infrastructure in-place, with easy road and rail access, abundant
electricity and water sources, and is already permitted for extensive brine
extraction and processing activities. Standard also recently announced the
acquisition of the 41,000+ acre Paradox Basin Project located in Grand County,
Utah.
For further information, contact Anthony Alvaro at 604.763.5388.
On behalf of the Board,
Standard Lithium Ltd.
Robert Mintak, CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
This news release may contain certain "Forward-Looking Statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and applicable Canadian securities laws. When used in this news release, the
words "anticipate", "believe", "estimate", "expect", "target, "plan",
"forecast", "may", "schedule" and other similar words or expressions identify
forward-looking statements or information. These forward-looking statements or
information may relate to future prices of commodities, accuracy of mineral or
resource exploration activity, reserves or resources, regulatory or government
requirements or approvals, the reliability of third party information, continued
access to mineral properties or infrastructure, fluctuations in the market for
lithium and its derivatives, changes in exploration costs and government
regulation in Canada and the United States, and other factors or information.
Such statements represent the Company''s current views with respect to future
events and are necessarily based upon a number of assumptions and estimates
that, while considered reasonable by the Company, are inherently subject to
significant business, economic, competitive, political and social risks,
contingencies and uncertainties. Many factors, both known and unknown, could
cause results, performance or achievements to be materially different from the
results, performance or achievements that are or may be expressed or implied by
such forward-looking statements. The Company does not intend, and does not
assume any obligation, to update these forward-looking statements or information
to reflect changes in assumptions or changes in circumstances or any other
events affections such statements and information other than as required by
applicable laws, rules and regulations.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Standard Lithium Ltd. via GlobeNewswire
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Datum: 29.06.2017 - 05:30 Uhr
Sprache: Deutsch
News-ID 1511578
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