Lithium Exploration Group Inc. (OTCQB: LEXG) today announces that full field testing of the Sonic Cavitation Generator is on track and will take place in Dallas, Texas. After the successful "proof of technology" testing (on two separate occasions) in Houston, Sonic Cavitation has disassembled the "Demonstration Unit", moving just the generator to the facilities of its Dallas strategic partner, who is the primary components manufacturer for the entire Unit. Assembly on the complete Water Unit will begin as early as next week. Assembly on the Petroleum Unit is slated for the second week in August.
"Our friends at SonCav confirmed to me that skid engineering for the first complete Field Testing Unit for hydro-frack flowback water is 90% complete," commented CEO Alex Walsh. "SonCav's CEO also advised that the primary pump for the Field Testing Petroleum Unit we have ordered has been completed and is en route from Austria. This is an identical pump to that which was tested in the Demonstration Unit back in February and March, and is now in Dallas. The same team that handled the modifications to the Demonstration Unit will receive the pump directly from Austria, disassemble and reconstruct, then ship it to Dallas for final skid assembly. From there the completed Petroleum Unit ships to our facility in Alberta for field testing."
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is a fully reporting company traded on the OTCQB under the symbol LEXG. Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE: Lithium Exploration Group, Inc.