LBNK.v commences hydrogeological study @ Park Place With the announcement that it has commenced a hydrogeological study at the renamed Park Place Project, LithiumBank (TSXV: LBNK) is one step closer to a completing an NE 43-101 Mineral Resource Estimate.
LithiumBank has engaged Matrix Solutions Inc. to conduct a hydrogeological study of the Park Place mineral permit area. Geologically, the area is underlain by the prospective Leduc Carbonate Reef complex and Beaverhill Lake Group. Matrix will utilize pre-existing data to determine porosity, permeability, transmissivity, and volume estimates of lithium-bearing brine.
Recent DLE test work at the LithiumBank’s neighboring flagship project, Boardwalk, has provided a technical foundation and understanding of DLE processes that the company can now leverage for Park Place. Updates and results of the mineral processing and analysis will be released as they are received.
LBNK.v is currently retesting all-time low support trading at $.72, valued at $26.77 million.
https://ceo.ca/@globenewswire/lithiumbank-commences-hydrogeological-study-and-renames