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AJN Resources Inc.
Summary
| Project: | Salt Wells | |
|---|---|---|
| Deposit: | Salt Wells | |
| Location: | United States | |
| Commodities: | Lithium-Boron | |
| Date: | 8/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-8-2019: AJN Resources Inc. announces an Exploration/Drilling Update report for its Salt Wells deposit at the Salt Wells project. Drilling results incl. 6m @ 660ppm B, 332ppm Li. Vancouver, BC, August 21, 2019 – AJN Resources Inc. (CSE: AJN) (Frankfurt: | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Richard Kern (Not stated) | |
| ABSTRACT: | Vancouver, BC, August 21, 2019 – AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (“AJN”) is pleased to announce drilling results of its first drill hole at the Salt Wells lithium project near Fallon, Nevada. A Boron bearing brine was intercepted intermittently between the surface and 280 feet (85 meters). The best dissolved Boron assays were between 120 and 280 feet (37 and 85 meters) with the highest assay being 434 ppm. It is unknown in what form the dissolved Boron is occurring. Additional drilling is needed to determine the extent and grade of the brine. Lithium values in the brine ranged from 1 to 5 ppm. Sediment sample assays were highest near the top of the drill hole with the best results being 660 ppm Boron and 332 ppm Lithium over 20 feet (6 meters). The hole was drilled vertically 300 feet (91 meters) using a Reverse Circulation drill rig. The holes were sampled on twenty foot intervals and the sediments assayed by ALS Chemex in Reno, Nevada. The water samples were filtered and the dissolved material analyzed by Western Environmental Testing Laboratory, Reno, Nevada. Richard Kern, Certified Professional Geologist (#11494) is the Qualified Person who has prepared and reviewed this press release in accordance with NI 43-101 reporting standards. AJN also issued 400,000 stock options exercisable at 25 cents for five years to consultants and director of AJN. | |
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