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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Clastic Zone 31 | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-5-2017: Anson Resources Ltd. announces a Resource Estimation report for its Clastic Zone 31 deposit at the Paradox Brine Project project. In-situ brine volume tripled for Clastic Zone 31. Anson Resources Limited (ASX: ASN, ASNOA) (Anson or the Company) | |
| Resources: | In-situ lithium brine volume of 34.1M barrels | |
| CP/QP: | [Resources]: Not stated (Henkle & Associates) | |
| ABSTRACT: | Anson Resources Limited (ASX: ASN, ASNOA) (Anson or the Company) is pleased to announce that the calculated in-situ brine volume within Clastic Zone 31 of Anson’s Paradox Brice Project has been more than tripled from 10.7 million barrels to 34.1 million barrels following Anson staking an additional 194 claims. The volume was calculated by an independent geologist, Henkle & Associates, from downhole geophysical logs and geological logs of historic oil wells drilled just west of the project area. From these logs the Clastic Zone 31 horizon dimension and geological data was determined. The geophysical logs have identified additional clastic zone horizons above and below Clastic Zone 31. Select brine zones are highlighted in Figure 1. Geologically, the clastic zones consist of black shales, dolomite and anhydrite layers. While all clastic horizons are prospective for lithium, only Clastic Zone 31 has previously been assayed for lithium in 5 wells. The additional brine zones are also prospective for lithium and other minerals, which Anson intends to sample in an upcoming drilling program. Should lithium be identified, there is potential for the calculated brine volume for the Paradox Brine Project to be increased. | |
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