As lithium demand grows, a number of investors have gone into investing in lithium. Demand for the commodity has been spiking recently thanks to the popularity of lithium-ion batteries. As such, some investors have turned to junior mining companies who are conducting exploration on potential lithium reserves in hopes that they will get the most out of their lithium investment.
Early this month, junior mining company Standard Lithium Ltd. (TSX-V:$SLL) (FRA: S5L) announced that its gravity geophysical survey for the Bristol Lake Project has been completed through Hasbrouck Geophysics Inc.
To conduct the survey, Hasbrouck took gravity readings from 100 stations on the land owned by Standard Lithium where the Bristol Lake Project is taking place. In addition, Hasbrouck also took readings from 58 public gravity stations on the BLM land adjacent to the project. Each station was about 1600 to 3200 meters apart, placed along 13 north-south lines. The lines were 1600 meters apart. Some faults were found along two of these lines, but they were not associated to bedrock.
About 15 kilometer square of the project area had a depth of 1000 meters, 46 kilometer square of the project area had a depth of 750 meters, and 140 kilometer square of the project area had a depth of 500 meters. Overall, the quality of the data collected is extremely positive. Repeated readings showed that new stations saw numbers between 0.02 and 0.04 Mgals while base stations saw numbers between 0.011 and 0.02 Mgals.
As a whole, the survey revealed that there is a maximum depth of up to 1.2 kilometers beneath the project area — about two times as much what was expected prior to the study. The well-defined and deep gravity low, paired with circumferential faults, suggest that there is indeed lithium brines underneath the project area.
“The results from this geophysical survey are very encouraging. This recent piece of high-quality work has resulted in more than doubling the thickness of the basin-infill deposits that are known to host lithium brines,” COO and President of Standard Lithium Dr. Andy Robinson said. “In addition, we can see that our claims, and those of our partner, are ideally located to further explore these deep basin deposits. This successful and rapid acquisition of high-quality gravity survey data from our Bristol Lake Project is an excellent way to kick-off the lithium brine resource assessment work planned for the remainder of 2017.”
This survey will help Standard Lithium in furthering the Phase 1 exploration of the project — this includes additional geophysical surveys to find the lithium-brine areas, surface pit sampling, as well as core drilling. More detailed information of Standard Lithium’s Bristol Lake Project can be found in the company’s Technical Report which was released on September 13, 2016, at sedar.com.
Promising results this early during the project is good news for both Standard Lithium and its investors. If you want to begin your lithium investment, then perhaps look into investing in Standard Lithium.
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