LithiumBank (TSXV: LBNK) has announced the commencement of a hydrogeological study at the Park Place Lithium Brine Project, formerly known as Fox Creek.
Geologically, the area is underlain by the prospective Leduc Carbonate Reef complex and Beaverhill Lake Group. Matrix Solutions Inc. will utilize pre-existing data to determine porosity, permeability, transmissivity, and volume estimates of lithium-bearing brine. These estimates are expected to be used to complete a NI 43-101 Mineral Resource Estimate.
LithiumBank is currently working with several petro-operators in the permitted area to collect brine samples that will be used to verify historical results and conduct mineral processing test work with selected DLE technologies. Recent DLE test work at the company’s flagship Boardwalk Lithium Brine Project 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 trading at $.7, valued at $26.02 million.
https://www.lithiumbank.ca/news/2022/ithiumankommencesydrogeologicaltudyandenamesox20220922050301