Sovereign Lithium, Inc. Announces Results of Gravity Survey on Nevada-Based Big Smoky Valley Lithium Project
A gravity geophysical survey supervised by Hasbrouck Geophysics, Inc. has been completed over the Company’s Great Western Lithium 48 – 160 acre (7,680 acres) placer claims located in Esmeralda County, Nevada. The gravity survey mapped the depth to bedrock and any geological structures favorable to the occurrences of a lithium brine deposit.
A LaCoste & Romberg, Model G gravity meter was utilized for the compilation of the gravity data. A total of 100 separate gravity stations were acquired along ten profiles with a line and station spacing of one kilometer. Station locations were located on a USGS topographic map and staked in the field. Elevations of the individual stations were acquired with a Trimble GeoGH GPS unit and confirmed with elevations from the USGS topographic map. The new gravity data was referenced to the U.S. National Imagery & Mapping Base Station located near the Tonopah, Nevada airport.
The gravity model indicate the presence of a basin that extends over most of the claim block with depths exceeding 500 meters. The defined large catchment basin indicates a geologic structure that has a strong potential for the accumulation of lithium brine from several nearby sources. The defined gravity basin is comprised of two areas of increased bedrock depths separated by a small saddle indicating a large area favorable to the accumulation of lithium bearing brines.
Mr. Hasbrouck recommends: “a controlled-source audio-magnetotellurics/magnetotellurics (CSAMT/MT) survey be conducted in areas selected from the results of the gravity survey.”
Sovereign Lithium's CEO, Felipe Pimienta, commented: "The results of the Big Smoky Valley Project’s Gravity Survey are encouraging and we will follow Mr. Hasbrouck’s recommendation aiming to move to the next step of our 2013 BSV exploration program by this fall."
Learn more about the Big Smoky Valley Lithium Project, the Company, and its recent news at Sovereign Lithium’s website: www.sovereignlithium.com.
ABOUT SOVEREIGN LITHIUM, INC.
Sovereign Lithium, Inc., (formerly Great American Energy, Inc), is a publicly traded (OTCBB: SRBLD) mineral exploration and development company focused on supporting America's growing clean energy and clean tech industries. Based in Denver, Colorado, Sovereign Lithium is dedicated to responsibly identifying, acquiring and developing mineral assets in America and US-friendly countries. The Company's portfolio primarily targets lithium products. For more information on the Company and its activities, visit Sovereign Lithium’s website at www.sovereignlithium.com.
ON BEHALF OF THE BOARD OF DIRECTORS,
Sovereign Lithium, Inc.
Felipe Pimienta, CEO
This press release includes certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on Sovereign Lithium, Inc.'s current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to Sovereign Lithium Inc.'s anticipated new developments, business prospects, financial performance, strategies and similar matters. Sovereign Lithium, Inc. disclaims any obligation to update any of its forward- looking statements, except as may be required by law.
Sovereign Lithium, Inc.
Investor Relations: Steve Carr
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Denver, Colorado 80202