PHOENIX, August 24, 2017 /PRNewswire/ --
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: http://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.
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SOURCE Lithium Exploration Group Inc.