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Anson Resources wins approval for Western Strategy drilling program at Paradox Lithium Project in Utah

Published 02/10/2024, 11:48 am
Updated 02/10/2024, 12:30 pm
© Reuters.  Anson Resources wins approval for Western Strategy drilling program at Paradox Lithium Project in Utah
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Anson Resources Ltd (ASX:ASN, OTCQB:ANSNF) has secured approval from the US Department of Interior Bureau of Land Management (BLM) for its Western Strategy drilling program at the Paradox Lithium Project in Utah, US.

The company intends to re-enter two wells – the Mineral Canyon Fed 1-3 and Sunburst 1 wells – with the objective of defining a substantial JORC mineral resource, based on an exploration target of up to 2.56 billion tonnes of brine at 200 parts per million (ppm) lithium and 3,000 ppm bromine.

Plan showing proposed Areas of Influence (AOI) for the Western Strategy drilling program at Paradox Project

Approval follows impact review

This latest tick of approval from the BLM follows an earlier approval granted in October 2022. It marks the completion of a final review into the project’s potential impact.

The upcoming drilling program will sample the thick Mississippian units and the Pennsylvanian clastic horizons of the western area of the Paradox Project with the goal of building on the current 1.04-million-tonne lithium carbonate equivalent and 5.27-million-tonne bromine resource estimate.

The two wells to be re-entered sit one kilometre from historical lithium-rich assayed brines previously sampled from several wells in the area.

Given previous drilling of the Mississippian units demonstrated a very large reservoir, Anson believes there is potential for a substantial increase to Paradox’s mineral resource with this drilling program.

Read more on Proactive Investors AU

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