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Lithium Energy Products Reports on the Results of Gravitational Survey on the Jackpot Lake Property, Nevada
(via TheNewswire) -Gravitational survey shows closed sedimentary basin wit...
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[{"type":"text","content":"Lithium Energy Products Reports on the Results of Gravitational Survey on the Jackpot Lake Property, Nevada(via TheNewswire)\n \n \n-Gravitational survey shows closed sedimentary basin with no inlet or outlet\n\n\n \n-Analogous to other highly prospective Nevada lithium brine operations nearby\n\n\n \nVANCOUVER, BRITISH COLUMBIA, CANADA / TheNewswire / May 29, 2017 - LITHIUM ENERGY PRODUCTS INC. (\"Lithium Energy Products\" or \"LEP\" or the \"Company\") (TSX-V: LEP) (FRANKFURT: N8I) reports results from a geophysical gravitational survey at their Jackpot Lake Project in the Nevada. \n\n\n \nThe Jackpot Lake Project consists of 140 placer claims in a flat, arid drainage basin, occupying approximately 2800 acres and is analogous to other highly prospective lithium brine operations that are currently undergoing development, nearby. At least six other start-ups also recognize the highly promising geological setting and have recently placed or leased claims in close proximity, with the intention of developing lithium producing projects. \n\n\n \nSurvey results of the Jackpot Lake Project demonstrate a large, closed sedimentary basin overlying basement rock complex beneath the property. These results give clear signs that the basin has no inlet or outlet, indicating that any potential brine aquifers would experience no dilution from external water sources, nor would any Brine Aquifers be lost through underground channels or means.\n\n\n \nTo read more please click the link below: http://media.wix.com/ugd/f57d32_a240edd1197e4e9cb998b168086a9018.pdf\n\n\n \nThe Gravitational Survey was conducted by KLM Geoscience and the data was analyzed and the technical report prepared by Hasbrouck Geophysics. The work is currently being followed up by a CSAMT/MT survey to map the Jackpot Lake property's features to depths upward of 1,200 meters. The combined data from the gravitational survey and the CSAMT/MT survey will assist in determining the extent and depth of potential brines within the closed basin, and will also help scope and locate future drilling targets throughout LEP's claim area and support the development work that is currently underway, towards producing a 43-101 resource estimate. \n\n\n \nJames Walker, CEO of LEP said, \"The results from this gravitational survey are very encouraging. Knowing that we have a closed basin significa...