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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Paradox Brine Project | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-5-2020: Anson Resources Ltd. announces a Resource Estimation report for its Paradox Brine Project deposit at the Paradox Brine Project project. Updated Mineral Resource Estimate for Project. Anson Resources Limited (Anson) has upgraded its JORC Code (2 | |
| Resources: | (Resources, I+I): 341Mt Brine with 192kt LCE | |
| CP/QP: | [Resource]: Richard Maddocks (Independent) | |
| ABSTRACT: | Anson Resources Limited (Anson) has upgraded its JORC Code (2012) compliant Mineral Resource estimate for its Paradox Brine Project, located in Utah, USA (Project) further de-risking it. The upgraded JORC figures are being used by the independent engineering company conducting the Preliminary Economic Assessment to be completed in the near future. The upgrade was achieved by creating a 3D geological model that identified that there are no geological features that limit the extent of the Mineral Resource and by conducting test work on core and cutting samples in addition to review of geological logs from previous drilling programs to determine “Effective Porosity” an important measurement of the recoverable brine from the clastic zones. The Mineral Resource estimate was calculated only for the brine aquifers of Clastic Zones 17, 19, 29, 31 and 33 within the Project area indicates 192,000 tonnes of contained lithium carbonate equivalent (LCE) and 1,176,000 tonnes of bromine. A summary table of JORC Compliant Mineral Resource Estimate is presented above in Table 1. Significant amounts of other minerals including Boron (Boric Acid, H3BO3) and Iodine (I2) have also been estimated. The Mineral Resource is centred within an Exploration Target of a further 365 to 700 million tonnes of brine and does not take into account the potential replenishment of the brine zones. | |
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