Bristol Lake, California

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Overview

With the signing of a Mineral Lease Agreement for the exploration of lithium with National Chloride Corporation of America, Standard Lithium’s Bristol Lake project now encompasses approximately 16,600 acres of placer mineral claims.

National Chloride’s Bristol Lake placer mineral claims cover approximately 12,600 acres and lie adjacent and contiguous to Standard’s recently acquired 4,000+ acre Mojave Lithium Project.  In addition, as part of the Agreement, Standard has an option to lease access to approximately 3,000+ acres of private land held on Bristol Lake by National Chloride and its affiliates.

National Chloride and others have mined the near-surface brines to produce concentrated chloride products for various industrial applications for close to 100 years and as a result the area has excellent mining infrastructure. There is electric power and water on the property. A major paved road crosses the western edge of the property. There is a rail siding within 5 km, as well. The property is situated approximately 200 km from Las Vegas, and 330 km of the port of Los Angeles.

  • +16,600 Acre total lithium exploration opportunity
  • Mineral Lease Agreement for lithium exploration with established and permitted brine operator
  • +100 years of industrial mineral production
  • Classic Salar resource – historic USGS drilling showed Li in brine 110 mg/L
  • Significant infrastructure in place
  • Clean energy development-friendly jurisdiction
  • ~ 200 miles E of Los Angeles

Working with National Chloride, an experienced and established operator, should reduce and or eliminate much of the initial permitting requirements that most explorers face. This strategic relationship will allow Standard immediate access to conduct exploration brine sampling and extraction, evaporation and processing activities, enabling a fast-tracked project development schedule.

The dry salt lake playa covers a total area of 155 km2, and hosts a geologically recent volcanic centre, similar to other productive lithium brine playas.  Standard Lithium’s geophysics team has recently concluded an extensive gravity survey over the entire basin, and initial interpretation of the data suggests that the basin is deep and extensive.  Historical drilling and sampling to total depths of approximately 500 ft has produced brine samples with lithium values over 100 mg/L for the entire drilled interval.  For further information on the Mojave project please see Standard Lithium’s Technical Report compiled in accordance with NI 43-101 guidelines dated September 15, 2016 on Sedar.com.

Location

Standard Lithium’s 16,000+ acre Bristol Lake Brine Project strategically located in San Bernardino County, California.

The Bristol Lake playa is a flat salt lake that occupies approximately 155 sq. km in a 2,000 sq. km arid drainage basin in the Mojave region of San Bernardino County, California.

The Company is focused on the immediate exploration and development of its 16,000+ acre position at its Bristol Lake Brine Project.

The location has significant infrastructure in-place, with easy road and rail access, abundant electricity and water sources, and is already permitted for extensive brine extraction and processing activities.

Project

  • Project is located in clean energy development-friendly jurisdiction with significant infrastructure and historic industrial mineral production
  • Mineral Lease Agreement for lithium exploration with established and permitted brine operator
  • Historic USGS drilling showed Lithium in brine up to 110 mg/L
  • Proven near surface brines provides for an efficient geophysical and exploration drilling program to de-risk project and define resource
  • Excellent candidate for selective lithium recovery through combination of membrane, chemical precipitation and solvent extraction
  • Goal to become a significant low cost domestic producer of battery grade lithium materials and high purity by-product minerals

Geology

Geological Setting

The project is a Playa Lake in the Basin and Range Province and is the northernmost member of a northwest-southeast trending playa lake system that includes Cadiz Lake and Danby Lake.

Mineralogy

The regional mineralogy is described as having a bullseye pattern of minerals with lithofacies consisting of halite at the center surrounded by mud, gypsum, and finally a sand flat playa margin. These minerals also have vertical lithofacies which resemble the horizontal facies stratification with gypsum occurring deeper in the playa followed by mud-halite and halite on top.

The mud lithofacies consists of thick detrital mud, and the halite lithofacies is defined by giant hopper shaped crystals.

Past studies have determined that some mineralization occurring in Bristol Lake precipitated displacively within the sediment where mineralized groundwater recharges around the mud lithofacies. Thin crusts and hopper-shaped halite crystals that occur in the sediment are caused by evaporative growth from capillary brines discharging at the surface. Sediment mineral composition found in the desert saline sediments of southern California are predominantly influenced by the composition of the source rock, this is true for Bristol Lake as well.

The brine chemistries at Bristol Lake are different from those predicted to form by the evaporative concentrations of the 2 inflow waters currently accounted for. It is speculated that a magma chamber drives the formation of brines at elevated temperatures and drives the transportation of these brines to the surface. Other evidence of a magma chamber in the area is the Amboy crater and its associated lava flows, which occur directly North of Bristol Lake.


Neither the Company, nor National Chloride Company of America (“National Chloride”) makes any representations as to the value of lease rights associated with National Chloride’s Bristol Lake mineral claims (the “Property”), the availability of any particular resource or minerals on the Property, or the merits of any proposed exploration work to be completed on the Property. National Chloride expressly disclaims any responsibility for the adequacy or accuracy of disclosure made by the Company in respect of the Property. Readers are cautioned that a “Qualified Person”(as that term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects) has not done sufficient work to specify any mineral resource or reserve on the Property.