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Anson Resources Limited (ASX: ASN, ASNOC, ASNOD) (Anson or the Company) is pleased to announce that it has received positive approval from a site works inspection of the drill locations from the federal and state government departments in preparation for its Western Strategy Mineral Resource drilling program at the Paradox Lithium Project (Project) in south-eastern Utah, USA, see Figure 1.
Highlights:
- Federal and State Departments conduct positive site inspection of both Western Strategy drill sites at Paradox Lithium Project in Utah, USA
- Earthworks program underway to re-instate drill pads ahead of commencement of Western Strategy Resource expansion drilling at the Project
- Western Expansion drilling designed to increase the existing lithium JORC Mineral Resource at Project
Figure 1: Federal and State personnel inspect the re-instatement works on the Mineral Canyon pad.
Anson and USA, Department of the Interior, Bureau of Land Management (BLM) personal, plus representatives of the Utah State Division of Oil, Gas and Mining (UDOGM) have visited both drill sites for its Western Strategy drilling program; the Mineral Canyon well and Sunburst well (Figure 1).
The site inspection identified that the well locations are clearly marked and that the drill pads required for the re-entry program can be readily re-established (ASX announcement, 5 October 2022).
Factors covered by UDOGM in site their inspection included.
- Public safety: temporary fencing installed.
- Drainage protection.
- Deleterious material: none on site.
- Road maintenance: access road to be established.
- Topsoil stockpiled: topsoil stockpiled on western side of drill pad for future reclamation; and
- Permits and bonds.
The above factors were all evaluated, and no issues were identified during the visit.
Background to Western Strategy Resource Expansion Drilling
Anson plans to re-enter two wells in the Western Strategy drilling; the Mineral Canyon well and Sunburst well.
The program is designed to sample the thick Mississippian units and the Pennsylvanian clastic horizons, to further increase the Project’s existing JORC Mineral Resource of; 1.04Mt of Lithium Carbonate Equivalent (LCE) and 5.27Mt of Bromine (ASX announcement, 2 November 2022).
This program forms part of Anson’s wider Mineral Resource expansion strategy in the Paradox Basin, where drilling is also planned to commence at the Green River Lithium Project, located 50 kilometres to the north-west (ASX announcement, 13 March 2023).
The Western Strategy drilling at the Project will aim to increase the existing JORC Mineral Resource estimate, both vertically and horizontally. This drilling is expected to generate a large amount of additional data that will be utilised to upgrade the Mineral Resource.
It is anticipated that the assay results and flow testing of the brines will result in the areas surrounding the wells being included in an upgraded JORC Mineral Resource at the Project.
ESG Focus
The Western Strategy drill program is designed to have as little impact on the environment, social and recreational activities as possible within the drill location areas. There will be minimal new ground disturbance as the drill pads are already established and are just required to be re-instated, not excavated from scratch.
The use of areas where there has already been ground disturbance is consistent with Anson’s aim of developing a sustainable project and minimising environmental impact.
Click here for the full ASX Release
This article includes content from Anson Resources, 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.
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.*
Drilling Commenced at Viani in Fiji
HIGHLIGHTS
- The Phase 1, three-hole diamond drilling program has commenced at the Viani Project, Fiji and will test for extensions to the quartz vein gold mineralisation at depth.
- Phase 1 is expected to be completed in early 2025, with plans for additional drilling under the same program dependent on the initial results
- The Viani Project (SPL1513) covers an area of approximately 200km2 and is largely underexplored.
- At the Dakuniba prospect within Viani, low sulphidation epithermal high-grade gold mineralisation has been mapped over >3km strike length.
- Diamond drilling completed by Japan International Cooperation Agency (JICA) in 1995 to 1997 intersected high-grade gold in low sulphidation epithermal quartz veins, including 0.6m @ 27.6 g/t Au.
Alice Queen’s Managing Director, Andrew Buxton said,
With drilling underway, Alice Queen is positioned to test the epithermal gold-style mineralisation identified in historic drilling at the Viani Project. Weather permitting, we anticipate completing the Phase 1, three-hole diamond drilling program in early 2025. Following this, our exploration team will mobilise the drill rig to the Sabeto Project in Fiji to maintain the momentum of this campaign. To deliver timely results to shareholders, we intend to accelerate the analysis of the drill core at ALS Brisbane.”
Image 1 – Diamond drilling at Viani
Details
Geology
The geology of the Viani Project (SPL 1513) comprises olivine basalts and volcaniclastics of the Natewa Volcanic Group which are intruded by andesite sills and dykes. In the 1940s, gold mineralisation was found by local prospectors near the village of Dakuniba. At Dakuniba, low sulphidation style epithermal gold occurs in quartz veins, and silicified rocks along a 3km long NE trending zone.
In 1995-1997, Japan International Cooperation Agency (JICA) drilled six diamond holes at Dakuniba and intersected high-grade gold in chalcedonic, crustiform, colloform banded quartz veins at depths of 50m to 100m below surface (i.e. MJVFV-5 intersected 2.2m @ 11.3 g/t Au, incl 0.6m @ 27.6 g/t Au at 121m downhole). This high-grade gold mineralisation is open in all directions.
Proposed Drill program
The initial Phase 1 drill program at Viani (see Table 1) will comprise three diamond drillholes designed to test continuity to the epithermal gold mineralisation previously intersected in JICA drillhole MJVFV- 5 (2.2m @ 11.3 g/t Au) (see Figure 2). The drilling will test for extensions to the gold mineralisation at depth and along strike.
Click here for the full ASX Release
This article includes content from Alice Queen 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.
