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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Clastic Zone 31 | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-5-2017: Anson Resources Ltd. announces a Resource Estimation report for its Clastic Zone 31 deposit at the Paradox Brine Project project. Exploration target range for in-situ brine volume at Clastic Zone 31. Anson Resources Limited (ASX: ASN, ASNOA) (A | |
| Resources: | Exploration Target: 30M-40M barrels @ 500ppm-1700ppm Li for Clastic Zone 31 | |
| CP/QP: | [Overall Report]: Greg Knox (Not stated) | |
| ABSTRACT: | Anson Resources Limited (ASX: ASN, ASNOA) (Anson or the Company) has calculated an Exploration Target of the in-situ brine volume within Clastic Zone 31 of Anson’s Paradox Brine 2 Project of between 30 million barrels and 40 million barrels with a grade of between 500ppm and 1,700ppm. 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. 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. The locations of the historical oil wells from which the geophysical logs were obtained to calculate the volume of the Clastic Zone 31 brine horizons are shown in Figure 2. The lithium grades used in the Exploration Target are based on recorded lithium grades of two historic oil wells located 800m south of the claim area | |
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