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Lithium Energy Products Commences CSAMT/MT at the Jackpot Lake Property, Nevada, to Quantify Brine Aquifers Depth and Extent
(via TheNewswire) VANCOUVER, BRITISH COLUMBIA, CANADA / TheNewswire / May ...
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[{"type":"text","content":"Lithium Energy Products Commences CSAMT/MT at the Jackpot Lake Property, Nevada, to Quantify Brine Aquifers Depth and Extent(via TheNewswire)\n \n \nVANCOUVER, BRITISH COLUMBIA, CANADA / TheNewswire / May 15, 2017.\n\n\n \nLITHIUM ENERGY PRODUCTS INC. (\"Lithium Energy Products\" or \"LEP\" or the \"Company\") (TSX-V: LEP) (FRANKFURT: N8I) announce today that it has scheduled a large-scale geophysics CSAMT/MT Survey of its Jackpot Lake property in Nevada beginning May 16th. \n\n \n \nThe purposes of the CSAMT/MT survey are to delineate basinal features, map the geologic stratigraphy and structure relative to the occurrence of lithium-bearing brine, identify conductors that are thought to be representative of lithium-bearing brine, and provide information for the selection and design of additional geophysical surveys or the identification of drilling locations. This work will map features up to depths of 1,200 meters and compliment the earlier gravitational survey in determining the extent and depth of all brines. \n\n \n \nLEP has retained Hasbrouck Geophysics to undertake this electromagnetic survey. Hasbrouck is ideally suited to conducting this survey as it has extensive experience of both surveying and data processing for brine-bearing basin environments across the southwestern U.S. The interpreted data that results from the EM survey will be used to help scope and locate future drilling targets throughout LEP's claim area and support the development work underway towards producing a 43-101 resource estimate. \n\n \n \nThe Jackpot Lake property consists of 140 placer claims in a flat, arid drainage basin in the Nevada desert occupying approximately 2800 acres. The property is analogous to other highly prospective lithium brine operations undergoing development nearby. At least six other start-ups have recently placed or leased claims in the same area due to the highly promising geological setting with the intention of developing lithium producing projects. \n\n \n \nJames Walker, CEO of LEP said; \"We expect this survey to significantly improve our understanding of the Jackpot Lake prospects and our ability to map our claim's subsurface features and geology. The Jackpot site is well connected to utilities and roads, and near already established infrastructure so we are very confident we can quickly progress this project towa...