Lithium-focused mining company Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) this morning announced that it has commenced detailed resource definition work at its recently optioned 33,000 acres of brine leases located in a highly prospective area of Southern Arkansas’s Smackover Formation. Per the update, the work integrates collection of new data from current well infrastructure with a large amount of previously available, high quality geological, geophysical and geochemical data. “One of the reasons that the Company aggressively pursued this lease package in the Smackover Formation was because we knew that not only was there was a wealth of high quality data already available to define the resource, but also several key professionals who could help us integrate and interpret those data,” Andy Robinson, president and chief operating officer of Standard, stated in the news release. “We’re now at the point where we can very quickly work through the resource assessment process and identify where we need to collect any additional data to ensure a robust and comprehensive understanding of the lithium brine resource potential. Execution of this very fast resource assessment process is part of Standard’s corporate strategy to move large potential resources as quickly towards production as we can.”
To view the full press release, visit http://ibn.fm/xi5VS
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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