Standard Lithium (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced that Hasbrouck Geophysics Inc. has successfully completed a large-scale gravity geophysical survey at the company’s Cadiz Dry Lake Project located in the Mojave area of California. Hasbrouck Geophysics collected gravity readings from 89 new stations, integrated 85 public domain gravity stations, and integrated data over approximately 211 km2. Repeat readings of new stations ranged between 0.014 and 0.027 mGals, while the spread for base readings (both field and absolute) is between 0.009 and 0.015 mGals, representing that the data are of excellent quality. The results obtained from the survey will be used to plan additional exploration, including further geophysical surveys to identify Li-brine bearing zones and structural control. “The results from this high quality geophysical survey are very encouraging. This work has defined a closed basin with infill deposits that are known to host lithium brines, based on preliminary sampling of extraction wells operated by the permitted producer. Standard Lithium’s excellent relationship with the Project’s permitted operator will allow for further exploration of the deeper basin infill deposits under the existing permitted brine operations,” Standard Lithium president and COO Dr. Andy Robinson stated in the news release.
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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 innovative and results-oriented management team with a strong focus on technical skills and modern brine processing technologies. The company is currently engaged in the exploration and resource development of the Bristol Dry Lake Lithium 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. The company is also rapidly conducting resource evaluation on up to 33,000 acres of brine leases located in the Smackover Formation in Southern Arkansas. For more information, visit the company’s website at www.StandardLithium.com.
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