Lithium Exploration Group Inc. (fka LEXG)

[Jerry70]

$ LEXG. Lithium Exploration Group Announces Results Of Final Inspection Of Ultrasonic Generator.

Mar 17, 2015 (Al Bawaba Business via COMTEX) -- Lithium Exploration Group Inc., reported the results of the full inspection of the Ultrasonic Generator in Spring, TX.
X. The only major damage to the unit in last month's highway accident was the exposed part of the shaft. The shaft was bent but none of the other critical parts of the unit were damaged. A new shaft and a new set of seals and bearings have been ordered from the manufacturer. Once those arrive, the unit will be reassembled and shipped as planned to the Tero facility in Alberta, Canada.

"This is another piece of good news for us. Even though the initial pressure test went well yesterday, we had concerns about minor dents and dings inside of the unit. The full inspection found that the shaft needs to be replaced, but all other critical componentry is sound and ready for reassembly," commented CEO Alex Walsh. "The shaft is a simple replacement part from the manufacturer and we hope to have an estimated turnaround time early next week so that we can make arrangements for reassembly and shipment of the unit ASAP. Given the severity of the accident that occurred on I-45 last month, this is absolutely fantastic news."