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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Paradox Brine Project | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 11/13/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-11-2019: Anson Resources Ltd. announces a Resource Estimation report for its Paradox Brine Project deposit at the Paradox Brine Project project. Updated mineral resource estimate. Anson Resources Limited (Anson) is pleased to announce that it has incre | |
| Resources: | (Resource, I+I): 260,400t LCE contained | |
| CP/QP: | [Resources]: Richard Maddocks (Auralia Mining Consulting Pty Ltd.) | |
| ABSTRACT: | Anson Resources Limited (Anson) is pleased to announce that it has increased its maiden JORC Code (2012) compliant Mineral Resource estimate for its Paradox Brine Project, located in Utah, USA (see announcement dated 17 June 2019) by 289%. The Mineral Resource which is calculated only for the brine aquifers of Clastic Zones 17, 19, 29 31 and 33 within the Project area indicates 260,400 tonnes of contained lithium carbonate equivalent (LCE) and 1,618,300t of bromine. The Resource is centred within an Exploration Target of a further 375 to 700 million tonnes of brine. The Resource does not take into account potential replenishment of the brine zones. 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. | |
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