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Anson Resources receives all approvals for Western Strategy lithium resource drilling at Paradox Project in Utah

Published 22/03/2023, 10:36 am
Updated 22/03/2023, 11:00 am
© Reuters.  Anson Resources receives all approvals for Western Strategy lithium resource drilling at Paradox Project in Utah

© Reuters. Anson Resources receives all approvals for Western Strategy lithium resource drilling at Paradox Project in Utah

Anson Resources Ltd (ASX:ASN) has received all necessary approvals for the Western Strategy mineral resource drilling program at Paradox Lithium Project within the Paradox Basin in south-eastern Utah, USA.

This comes after the company paid the reclamation bond to the Utah state treasurer, the final step in the approvals process.

Moving forward, Anson will now kick off its re-entry drilling and sampling program at the Mineral Canyon Fed 1-3 well and Sunburst 1 well.

Drill program

The Western Strategy drill program is designed to convert the existing inferred resource and exploration target in the western region of the project to indicated and inferred resources.

Subject to favourable results, the re-entry program is expected to deliver a significant expansion of the Paradox’s existing JORC mineral resource of 1.04 million tonnes of lithium carbonate equivalent (LCE) and 5.27 million tonnes of bromine.

Drilling will target the lithium-rich brines of the Mississippian and Pennsylvanian aquifers.

A plan showing the mineral canyon and Sunburst wells in relation to known lithium values.

Background

A sampling of the supersaturated brines from the mineral canyon well and Sunburst well in the Western region of the project will be tested for lithium and other minerals including bromine, iodine and boron.

Both wells are less than 1,000 metres from known lithium-rich brines previously sampled in the 'Big Flat' area during historic oil and gas exploration programs.

All clastic zone and Mississippian horizons are continuous from those sampled during the successful initial Eastern Strategy drilling program.

Consequently, Anson has defined a significant exploration target for the Western Strategy.

This conceptual exploration target consists of 2.10 billion tonnes–2.56 billion tonnes of brine grading 108–200ppm lithium and 2,000–3,000ppm bromine.

This was recently upgraded for both the Mississippian Units and the Pennsylvanian Paradox Units, based on the exploration program proposed and recently completed drilling.

Read more on Proactive Investors AU

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