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Pure Energy Minerals Ltd.
Summary
| Project: | Clayton Valley South | |
|---|---|---|
| Deposit: | Clayton Valley South | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 5/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2017: Pure Energy Minerals Ltd. announces an Exploration/Drilling Update report for its Clayton Valley South deposit at the Clayton Valley South project. Analytical sampling results incl. 267m @ 210mg/L Li from 640m. Pure Energy Minerals Limited (TSX- | |
| Resources: | (Resource, Inf.): 816000 metric tonnes of Lithium Carbonate Equivalent | |
| CP/QP: | [Overall Report]: Patrick Highsmith, Walter Weinig (Internal) | |
| ABSTRACT: | Pure Energy Minerals Limited (TSX-V:PE) (FRANKFURT:A111EG) (OTCQB:PEMIF) (the “Company” or “Pure Energy”) is pleased to announce results from depth-specific brine samples from exploratory wells CV-7 and CV-8 on the Clayton Valley South Project (the “CVS Project” or the “Project”). Positive indications of lithium enriched brine occurred throughout the screened intervals of the wells, with increased concentrations in deeper samples. Patrick Highsmith, Pure Energy Minerals’ CEO, discussed the data from the Company’s most recent wells, “Our latest drilling at the CVS Project has yielded thick sections of brine-saturated sediments and strong lithium values right to the bottom of the basin. These deeper brines are also very low in calcium and magnesium, which usually translates to favorable process chemistry. We continue to be enthusiastic about the grade, chemistry, and volume potential at depth on the CVS Project. Now that all the data are in, we are updating the drilling database and finalizing the resource model. These are the last inputs needed for the Preliminary Economic Assessment (PEA), and we look forward to completing the economic analysis and sharing the PEA results in the next few weeks.” | |
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