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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Paradox Brine Project | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 3/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-3-2018: Anson Resources Ltd. announces an Exploration/Drilling Update report for its Paradox Brine Project deposit at the Paradox Brine Project project. Re-entry drilling results incl. assays up to 43833ppm Mg, 211ppm I, 96ppm B, 27ppm Li, 2550ppm Br. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Knox (Internal) | |
| ABSTRACT: | Anson Resources Limited (Anson) has intercepted supersaturated brines in the 3 clastic horizons that were sampled during the re-entry drilling of the Gold Bar Unit 2 well at its Paradox Lithium Project, Lithium Four Corners in Utah. Table 1 below, shows the assays obtained from the sampling of the supersaturated brines from Gold Bar Unit 2. The lithium concentrations are well below historical assay results in other parts of the Paradox Basin. The reasons for the low lithium results are still being determined. However, it is also possible that the lithium does not flow from the area around Long Canyon due to crosscutting structures which may be forming lithium traps, concentrating the lithium in those areas. Anson has already commenced the second stage of its exploration program at the Cane Creek 32-1 well that it purchased in February 2018. This well is 5 km to the south of Gold Bar Unit 2 and closer to the cross-cutting structures and Robert’s Rupture, see figure 1. The exploration program is progressing according to schedule. Once brine samples have been collected at Cane Creek 32-1 they will be sent for assaying at laboratories in the USA. It is expected that the assay results will be available in April 2018. Should the concentration of lithium in the Cane Creek 32-1 brine prove to be of a higher value, a bulk sample will be sent to OUTOTEC for the planned bench-top test work to produce lithium carbonate in Q2 2018. | |
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