SCOTTSDALE, Ariz., April 26, 2012 /PRNewswire/ -- Lithium
Exploration Group (OTCBB: LEXG.OB) (OTCQB: LEXG.OB) announces an
update on the initial testing of its Ultrasonic Generator in
Pennsylvania. The initial testing went positively and without
any mechanical failures or issues. On startup, the unit was
operated in a closed loop circuit managing the speed of the
generator, rate of water flow through the system, and pressure
settings on the discharge head. All of the custom features of
the proprietary technology operated without any issues throughout
the ramp-up testing program. The system has been brought up
to a speed that is 55% of its optimal performance and will continue
to be accelerated to achieve the heat required to produce
steam. The Company intends to continually update investors on
milestones as they are achieved.
"The initial testing of the ultrasonic generator has been a huge
success. Were it not for some minor delays due to control
panel settings and a couple of pressure sensors that needed to be
replaced, we would be at the required speed to produce the
controlled cavitation. The next milestone for us is to bring
the unit to full speed where it will achieve the required heat and
pressure settings to produce steam. We have produced a video
of the operating unit which should be ready for distribution in the
next few days," commented CEO Alex
Walsh.
About Us
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 property. Lithium Exploration Group is a fully
reporting company traded on the OTCBB under the symbol LEXG.
Website: www.lithiumexplorationgroup.com. Lithium Exploration Group
is also now on Facebook, LinkedIn and Twitter @LEXG_OTCBB.
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,
including but not limited to the completion, testing,
transportation, and final installation of the unit.
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.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com
SOURCE Lithium Exploration Group