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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Clastic Zone 31 | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 6/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-6-2019: Anson Resources Ltd. announces a Resource Estimation report for its Clastic Zone 31 deposit at the Paradox Brine Project project. Maiden mineral resource estimate for project. Anson Resources Limited (Anson) is pleased to announce the maiden JO | |
| Resources: | (Resource, I+I): 118,000t of contained Li2CO3 at project | |
| CP/QP: | [Resources]: Richard Maddocks (Auralia Mining Consulting Pty Ltd.) | |
| ABSTRACT: | Anson Resources Limited (Anson) is pleased to announce the maiden JORC Code (2012) compliant Mineral Resource estimate for its Paradox Brine Project, located in Utah, USA. The Mineral Resource indicates 118,264 tonnes of contained lithium carbonate and has been calculated solely within the brine aquifer of Clastic Zone 31 from the Project area. A summary table of JORC Compliant Mineral Resource Estimate is presented below in Table 1. Significant amounts of other minerals including Bromine (Br2), Boron (Boric Acid, H3BO3) and Iodine (I2) have also been estimated. In addition to the maiden Mineral Resource, an exploration target of a further 30 - 46 million tonnes of brine grading in the range of 150 mg/L to 300 mg/L lithium has been estimated for Clastic Zone 31. The Exploration Target occurs within the project’s placer claims totalling 11,373 hectares, see Figure 1. Clarification Statement: An Exploration Target is not a Mineral Resource. The potential quantity and grade of an Exploration Target is conceptual in nature. A Mineral Resource has been identified in the centre of the Exploration Target, but there has been insufficient exploration to estimate any extension to the Mineral Resource and it is uncertain if further exploration will result in the estimation of an additional Mineral Resource. | |
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