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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Paradox Brine Project | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 10/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-10-2019: Anson Resources Ltd. announces an Exploration/Drilling Update report for its Paradox Brine Project deposit at the Paradox Brine Project project. Results from the re-entry of the Skyline Unit 1 well. Anson Resources Limited (Anson) is pleased t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Greg Knox (Internal) | |
| ABSTRACT: | Anson Resources Limited (Anson) is pleased to announce the results of the sampling program for the re-entry of the Skyline Unit 1 well (Skyline), at its Paradox Lithium Project, located in Utah. These include lithium grades up to 164 ppm, and bromine grades up to 3,508ppm. Table 1 shows the assays of the wells that Anson has re-entered in its exploration programs to date. Using these results a JORC resource will be calculated for each of the 3 horizons to add to Anson maiden JORC resource from Clastic Zone 31 (see the announcement of 17 June 2019). The results further validate the multiple mineral/revenue strategy Anson is pursuing as they are expected to result in an increase in Anson’s JORC Resource, which is intended to the used in a Scoping Study/PEA planned for Q1 2020 to estimate mine life and costs. Anson sampled Clastic Zones 17, 19, 29, 31 and 33 during drilling at Gold Bar and Cane Creek 32-1, and Clastic Zone 31 during drilling at Skyline Unit 1 and Long Canyon Unit 2 and had previously calculated an Exploration Target of 484 M to 792 M tonnes of brine, with estimated grades of 50 to 150ppm lithium (Li), 50 to 400ppm boron (B), 2,500 to 4,000ppm bromine (Br) and 30 to 100ppm iodine (I). | |
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