Anson Confirms Resource Expansion Potential of Western Expansion Claims at Paradox Lithium Project

Anson Resources Limited (Anson or the Company) is pleased to announce that an assessment of recently pegged new claims on the western extent of the Project has confirmed the continuation of favourable geological structures and confirmed the Resource expansion potential in the Western area at the Paradox Lithium Project in Utah, USA (the Project).

Highlights:

• Anson confirms the geological units, northwest trending structures and high pressures associated with the Paradox Lithium Project extend into the recently expanded western area of the Project
• Similar high-pressure indicated to extend west for up to 20km from Long Canyon No. 2 well indicating flow rates will likely be maintained throughout proposed future production period
• The Extraction location at the Project is situated at the Intersection of Robert’s Rupture and Cane Creek Anticline
• These unique geological features deliver over uniform high-pressure at shallower depths and higher rock porosity which enables artesian flow of brines
• The northwest trending Cane Creek Anticline strikes through the new western claims
• 3D geological model of the Paradox Project shows that the lithium rich brine aquifers continue through new western area
• Western area resource expansion drilling to commence in near future and results will be incorporated in Anson’s upcoming resource upgrade at Paradox

Also, and of key importance, artesian flow of the lithium-rich supersaturated brines has been recorded on the western region of the project area, meaning the brines may flow to the surface under their own pressure, without the need for mechanised pumping.

In combination, these key positive attributes on the western extent of the Project mirror those on the eastern side of the Project, currently the subject of Anson’s resource expansion drilling. The Company now plans to commence the “Western Strategy” of its re-entry drilling program in the near future, and samples will be collected for inclusion in the Project’s upcoming resource upgrade.

Favourable Geological Setting for Western Expansion Strategy

Anson has strategically positioned the production pads in optimal locations, where the two major geological structures in the area intersect, Roberts Rupture and the Cane Creek Anticline, see Figure 1. Data from historical downhole geophysical logs carried out on the Utah State 16-1 well shows that this area has very high porosity, which along with the high pressures may result in artesian flow of the extracted brine.

This unique advantageous situation will likely to reduce the extraction costs of the lithium-rich brines as fossil fuels will not be needed to power the pumps, providing ESG attributes to the project.

The wells that Anson has re-entered to date have resulted in artesian flow from the Clastic Zone 31 horizon (see previous ASX announcements) due to the constant higher pressures and the porosities of this clastic zone. However, on the western side of the project a geological structure

Click here for the full ASX Release

This article includes content from Anson Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.