Canadian energy exploration and development company Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning offered an update on its exploration and process testing program at its Bristol Dry Lake lithium brine projected located in California’s Mojave Desert. Per the release, the company has commenced a resource definition drill program on the project with the objective of establishing the lithium grade of the subsurface brine across the extensive landholdings. The program also aims to determine the depth and lateral extent of the brine and to define key geological and hydrogeological data, as needed to develop a maiden resource estimate. “Standard’s exploration and process-testing programs are now fully underway and being completed in parallel by our highly experienced resource assessment and chemical engineering teams,” Andy Robinson, president and COO of Standard Lithium, stated in the news release. “The amount of work that we’ve been able to complete in such a short period of time is evidence of our fast-track development philosophy, and speaks volumes to the constructive relationships that we have in place with the existing fully-permitted brine producers in operation at Bristol Dry Lake. All of the work being completed right now will be used to support the maiden 43-101 resource estimate for the Bristol Dry Lake lithium brine project, estimated for the first half of 2018.”
To view the full press release, visit http://dtn.fm/2zE4F
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. The Company is currently focused on the immediate exploration and 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 commencing due diligence and resource evaluation on 33,000 acres of lithium brine leases located in the Smackover Formation. For more information, visit the company’s website at www.standardlithium.com
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