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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Paradox Brine Project | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2018: Anson Resources Ltd. announces a Resource Estimation report for its Paradox Brine Project deposit at the Paradox Brine Project project. Exploration target for Paradox Brine project. Anson Resources Limited (Anson) is pleased to announce that A1 | |
| Resources: | Exploration Target: 65000000t - 13000000t of brine | |
| CP/QP: | [Overall Report]: Greg Knox (Internal) | |
| ABSTRACT: | Anson Resources Limited (Anson) is pleased to announce that A1 Lithium, a wholly owned Utah based subsidiary, has upgraded the earlier exploration target to a new estimate of 65 to 130M tonnes of brine, with an estimated grade of 140 to 500ppm Li at its Paradox Lithium Project in Utah (the Project). The increase in the exploration target is due to staking of additional claims in the area. A1 Lithium has increased its land holding from 291 claims to 983 claims (announced 13 May 2018). In addition, after further research and completion of exploration programs it was noted that artesian flow occurred through the entire interval of Clastic Zone 31 and as a result it was interpreted that Clastic Zone 31 thickness ranges from 3.04m (10m feet) to 6.1m (20 feet). See table 1. In the earlier estimation, it was interpreted that the brine was in only the dolomite layer (1.18m thick) as announced 1 June, 2017. The Exploration Target is conceptual in nature as there has been insufficient exploration undertaken on the project to name a Mineral Resource. It is uncertain that future exploration will result in a Mineral Resource. As previously announced, see Shanghai Presentation announced 20 April, 2018, Anson intends to conduct a further sampling and drilling exploration program consisting of at least one new well and re-entry of another historic well to test the estimated exploration target. The plan below, see Figure 1, shows the location of the project claims and their proximity to the wells in the area that have previously been assayed for lithium. In addition, the new claims that have been pegged have historical wells located on them which could be used for sampling | |
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