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Anson Resources Limited (Anson or the Company) is pleased to announce that it has already identified brine inflow, see Figure 1, while drilling the top of the Mississippian layers in the Long Canyon Unit 2 well. Brine samples are being collected for assaying and the Mississippian units collected will be sent off petrological analysis.
Highlights:
- Brine has been collected for sampling from the Mississippian units at the Paradox Lithium Project Long Canyon #2 Well
- Samples were taken from the supersaturated brine for testing for lithium and other minerals from the top of the Mississippian units at a depth of 2345 meters (7691 feet)
- Drilling is continuing into the up to 120 meter (400 feet) thick Mississippian units with additional samples to be taken for analysis
During this initial phase of drilling the Mississippian units any significant brine inflow or change in “drilling mud” character eg weight, will be sampled. The sample will be a combination of supersaturated brine and drilling mud, so will not be a clear sample, see Figure 1. Due to this, the lithium value will be diluted.
In addition, samples are being collected of the Mississippian units, which consist of porous dolomites and limestones and are noted for vuggy and intercrystalline porosity. After determining the time it takes for the drill cuttings to return to the surface from depth, samples will be collected over 10 feet intervals and the depths recorded, see Figure 2. The cuttings will be sent for petrological examination, which includes mineral paragenesis and detailed photomicrographs. The examination of the cuttings can provide an indication of the porosity and permeability, and the type of porosity.
The Mississippian limestones and dolomites (Leadville and Maddison Formations) range in thickness from 70 to 250 metres in the project area, see Figure 3. The wells drilled into these rock units in the project area have all intersected brines. These porous units are promising because of the probable large reservoir size.
This announcement has been authorised for release by the Executive Chairman and CEO.
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ASN:AU
Anson Resources: Developing a Near-Term Clean Energy Project in Utah
Anson Resources (ASX:ASN) focuses on the resources necessary to meet the energy demands of the future. The company’s flagship project, the Paradox Lithium Project, has the potential to become a world-class lithium producer and is located near Tesla’s massively productive gigafactory in the United States. Additional projects target nickel, copper, and uranium.
The company's flagship Paradox Project is located in Utah, a mining-friendly and politically stable jurisdiction. The asset holds significant lithium brine deposits, and the company has identified an extraction method that has delivered an extraction rate of 91.5 percent. This technique calls for passing the lithium through the resin, which captures the resin, and can then be separated from the resin with water. From that state, it can be processed into lithium carbonate. The company is currently undertaking a major JORC resource expansion drilling program, the results of which will feed into a Detailed Feasibility Study being carried out by global engineering firm, Worley.
Company Highlights
- Anson Resources is focused on developing its flagship project, the Paradox Lithium Project, into a significant lithium producing operation.
- The company is currently undertaking a major JORC Resource expansion program at Paradox, which will form part of a Detailed Feasibility Study which is being undertaken by leading global engineering consultants, Worley.
- The Paradox Project contains multiple lithium brine targets, and the company has identified an extraction method that produces an impressive return rate of 91.5 percent. Also, the project’s Direct Lithium Extraction (DLE) method is expected to deliver significant ESG benefits
- In addition, the project’s brine also contains bromine, creating a valuable second potential revenue stream for the asset.
- Anson Resources’ other projects target nickel, copper, vanadium and uranium. The company aims to supply energy markets with the mineral resources necessary to power the future.
- The company has an experienced management team with a mix of technical, corporate and commercial skills driving the project towards its ambitious goals.
This Anson Resources company profile is part of a paid investor education campaign.*