Anson Takes First Brine Sample from Priority Mississippian Unit

Anson Takes First Brine Sample from Priority Mississippian Unit

Anson Resources Limited (Anson or the Company) is pleased to announce the collection of its first brine sample from drilling at the Long Canyon Unit 2 well, as part of its ongoing Resource expansion drilling program at the Company’s Paradox Lithium Project (“the Project”) in Utah, USA.

Highlights:

  • Drilling at the Long Canyon Unit 2 has intersected the targeted porous dolomite and limestone units at a depth of 2,379m - 45m into the Mississippian units
  • Supersaturated brine from this horizon flowed to surface naturally without the need for pumping and will enable a bulk sample to be collected for;
    • Future metallurgical test work
    • Use in planned small-scale pilot plant in Salt Lake City; and to
    • Determine brine flow rates
  • Brine samples collected will be for assayed for lithium, bromine and other minerals and will be incorporated in upcoming JORC Resource upgrade • Downhole geophysics will be carried out when the drilling is completed to determine rock unit parameters such as porosity
Anson is targeting a large Mississippian supersaturated brine aquifer which hosts a substantial lithium-rich zone of approximately 100m-250m thickness in its drilling at the Long Canyon Unit 2 well. The program continues to make excellent progress. Drilling recently reached the target depth of 2,334 metres (7,670 feet) at the top of the Mississippian units followed by the first brine flow. (ASX announcements, 23 and 26 May 2022).
The Company is now pleased to advise that drilling has progressed further, into the first 45 metres (135 feet) of the targeted porous dolomite and limestone units, and has reached the depth for the collection of the first brine sample for assay in the Mississippian Units at the Long Canyon Unit 2 well.
In addition, the extension of drilling into the porous dolomite and limestone units has resulted in brine from this horizon naturally flowing to the surface without the need for pumping (Figure 1).
This represents a highly positive outcome. Due to the artesian flow, a bulk sample will be able to be collected for future metallurgical test work and will also be used in a small-scale pilot plant, in Salt Lake City. Flow rates will also be determined during the collection of this bulk sample.
Background to Drilling at Long Canyon Unit 2 well
The current drilling at Long Canyon Unit 2 forms part of Anson’s ongoing JORC Resource expansion drilling program at the Paradox Project. It is targeting the large, supersaturated brine aquifer in this unit, with the aim of converting the previously reported Exploration Target at Paradox into an Indicated and Inferred Resource (ASX announcement 17 January 2022).
The planned expanded JORC Resource will support the Project’s Detailed Feasibility Study and the development of the Paradox Project into a substantial lithium (and bromine) producing operation. Leading global engineering solutions firm Worley is undertaking the DFS (ASX announcement 24 November 2021).
Anson will commence the next phase of its Resource expansion program, at the high-priority Cane Creek well, on completion of the current drilling at Long Canyon Unit 2 (ASX announcement 1 June 2022).
The brines of the Mississippian units in the Long Canyon Unit 2 well have been positively identified during “drilling runs” to change the worn-out drill bits (Figure 1). The limestones and dolomites range in thickness from 70 to 250 metres in this area (Figure 2). The wells drilled into these rock units have all intersected brines. These porous units are promising due to the indicative large reservoir size.

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.
ASN:AU
The Conversation (0)
  Diatreme Resources Limited

Mineral Resource Upgrade Paves Way for Northern Silica Project PFS

Emerging silica sands developer, Diatreme Resources Limited (ASX:DRX) announced today a significant upgrade to the estimated Si2 Mineral Resource at the Company’s Northern Silica Project (NSP) in Far North Queensland, highlighting the critical mineral project’s potential amid an accelerating solar energy boom.

Keep reading...Show less
Conquest Resources Enters into Agreement with VerAI Discoveries for AI Targeting on Belfast TeckMag Project

Conquest Resources Enters into Agreement with VerAI Discoveries for AI Targeting on Belfast TeckMag Project

Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") has entered into a Royalty Purchase and Sale Agreement with VDI Resources LLC (VDI), a subsidiary of VerAI Discoveries Inc. (VerAI), an artificial intelligence (AI) powered mineral discovery generator, pursuant to which the Company agrees to grant to VDI a 1.5% net smelter return royalty on certain target areas with recommended drilling locations generated by VerAI utilizing its proprietary AI technology. The Company agrees to grant VDI an additional 1.5% NSR in return for funding a drill program for testing of the targets identified by VerAI on the Belfast TeckMag Project, a 350 sq. km. land package located northeast of Sudbury, Ontario.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
SOURCE ROCK ROYALTIES ANNOUNCES INCREASED MONTHLY DIVIDEND

SOURCE ROCK ROYALTIES ANNOUNCES INCREASED MONTHLY DIVIDEND

/Not for distribution to U.S. news wire services or dissemination in the U.S./

Source Rock Royalties Ltd. ("Source Rock") (TSXV: SRR), a pure-play oil and gas royalty company with an established portfolio of oil royalties, announces that its board of directors has declared a monthly dividend of $0.0065 per common share, payable in cash on May 15, 2024 to shareholders of record on April 30, 2024 . This represents an increase of 8% to the monthly dividend. Source Rock has now increased its monthly dividend by 30% since March 2023 .

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
  Rimfire Pacific Mining Limited

Compelling Cobalt Copper and REE Targets Identified at Broken Hill

Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company”) is pleased to advise that multiple cobalt, copper, and Rare Earth Element [REE] targets have been identified at its recently expanded 100% - owned Broken Hill Project which is located 17-30 kilometres west of Broken Hill, NSW (Figures 1 and 2).

Keep reading...Show less
Reach Resources

Rights Issue and Shortfall

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce it has received $822,595 from the recently completed non-renounceable rights issue.

Keep reading...Show less
Various commodities atop a stock chart.

McKinsey: Commodities Trading Generated US$104 Billion in 2023

A recent report from McKinsey highlights trends seen in commodities trading over the past year.

The document shows that despite global uncertainty, commodities trading generated over US$100 billion in earnings before interest and taxes in 2023, translating into more than US$150 billion in gross margin.

McKinsey mentions challenges related to COVID-19 and geopolitical conflicts, such as increased price volatility and supply chain disruptions, but notes that commodities trading value pools have show resilience.

Keep reading...Show less

Latest Press Releases

Related News

×