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Anson Resources Ltd.
Summary
| Project: | Paradox Brine Project | |
|---|---|---|
| Deposit: | Skyline Well | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 3/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-3-2019: Anson Resources Ltd. announces an Exploration/Drilling Update report for its Skyline Well deposit at the Paradox Brine Project project. Drilling results incl. 193.5ppm Li in brine. Anson Resources Limited (Anson) has received the first assays o | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Knox (Internal) | |
| ABSTRACT: | Anson Resources Limited (Anson) has received the first assays of the free flowing brine intercepted during the recent drilling at the Skyline Unit 1 well (Skyline), at its Paradox Brine Project, located in Utah. These include a lithium grade of 193.5ppm, which is 91% higher than the lithium grade of the brine from Anson’s Cane Creek 32-1 well which has been used for test work to date. Table 1 below, shows the assays of Skyline Unit 1 and Cane Creek 32-1 wells and other historic results in the Long Canyon area. The concentrations of Br, I, B and Mg shown in Table 1 are comparable to the brines sampled from the historic oil wells in the Long Canyon region (UGS Special Publication 13, printed in 1965 – see JORC Table 1 for more details), see ASX announcement of 14 May 2018. This assists with the validation of historical results for future incorporation into the estimation of a JORC Resource. Importantly, flow rates at Skyline Unit 1 were all significantly higher than Anson found during the re-entry of Cane Creek 32-1 well (see Table 2), supporting Anson’s theory that the fracturing by the geological structures in the central and southern area of Anson’s claims will assist with brine flow without the need for extraction pumping which is significant for project economics. | |
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