Lithium-focused mining company Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning issued an update on the ongoing exploration program at its California lithium properties. Per the news release, the company and its drilling contractors have completed six exploration boreholes across the Bristol Dry Lake Project area, and three of the exploration holes have had temporary sampling casing installed in order to facilitate the collection of high quality lithium brine samples. Drilling is also underway on an observation well. When completed, this well will allow for robust pumping tests to be performed at the project. Detailed lithium brine analyses are expected to be issued following the collection of representative brine samples and completion of related quality assurance testing. All data gathered from the Bristol Dry Lake Project will be used to advance the maiden resource estimate, which is expected to be released toward the end of Q2 2018. Standard also confirmed plans for a large-scale, detailed gravity geophysical survey of the Cadiz Dry Lake lithium property, which is expected to commence on February 21, 2018.
To view the full press release, visit http://ibn.fm/zdACk
About Standard Lithium Ltd.
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 resource evaluation on up to 33,000 acres of brine leases located in the Smackover Formation. Please visit the Company’s website at http://nnw.fm/standardlithium
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