Anson Resources Limited reported that the Western Strategy Mineral Resource drilling program at Paradox Lithium Project had received all necessary approvals.
Anson advises that the required Reclamation Bond has been paid to the Utah State Treasurer, Division of Oil, Gas and Mining. This is the final approval needed for the Western Strategy drilling at Paradox to begin, intending to re-enter the Mineral Canyon and Sunburst wells within the Project area.
According to Anson, the Western Strategy drilling program is targeted to convert the existing Inferred Resource and Exploration Target in the Project’s western region to Indicated and Inferred Resources.
The re-entry program, if successful, is expected to significantly increase the Paradox Project’s existing JORC Mineral Resource of 1.04 Mt of Lithium Carbonate Equivalent (LCE) and 5.27 Mt of Bromine.
Supersaturated brine samples from the Mineral Canyon and Sunburst wells in the Project’s Western region will be tested for lithium (Li) and other minerals such as bromine (Br), iodine (I), and boron (B) from the thick Mississippian limestone units and the shallower clastic horizons 33, 31, 29, 19 and 17.
According to Anson, the wells are fewer than 1,000 metres from previously sampled lithium-rich brines in the “Big Flat” area during prior oil and gas exploration efforts. All clastic zone and Mississippian horizons sampled during the successful initial Eastern Strategy drilling program are continuous.
At the Paradox Lithium Project, Anson has specified a substantial Exploration Goal for the Western Strategy. Based on the proposed and recently completed drilling program, this was recently upgraded for the Mississippian Units and the Pennsylvanian Paradox Units.
