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Lithium Exploration Group Reports Resource Estimate for Valleyview Project in Alberta

Lithium Exploration Group, a US-based exploration company, has declared a maiden resource estimate for its Valleyview potassium, magnesium, lithium, boron, calcium, bromine and sodium brine project around the area of Valleyview town in west-central Alberta, Canada.

The Valleyview project includes 29 metallic mineral and industrial permits that outline an adjacent land package of about 514,000 acres. The company holds 100% mineral rights for the property, which encloses a major part of the Sturgeon Lake South and Sturgeon Lake oilfields, wherein petroleum products are made from dolomitized reefal carbonates from the Leduc Formation. The Leduc aquifer system includes sodium-chloride brines that are rich in lithium, potassium, boron, bromine magnesium and calcium. These brines are pushed to the surface as waste byproducts of oil and gas production.

APEX Geoscience was engaged by the company to perform the resource estimate for the Leduc aquifer system on the Valleyview property, as per the National Instrument 43-101 standards. The southeastern and eastern parts of the company’s permits covering the Sturgeon Lake oilfield were targeted. The Resource Estimate and the area of interest cover about 44% or 227,000 acres of the entire Valleyview property permit holdings.

The Resource Estimate is based on a number of factors. They include:

  • An evaluation and compilation of stratigraphic and formation water data from petroleum well databases.
  • A hydrogeological analysis to measure the overall brine underlying the company’s property and to explore how hydraulic parameters like storativity and gtransmissivity may influence the resource extraction.
  • The geochemical results of the company’s 2011 formation water sampling campaign where 40 wells were sampled in a region, which offered an average sample well density of 0.5 wells/km2.

Source: http://www.lithiumexplorationgroup.com/

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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