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Anson Resources stakes two new lithium claims at Paradox project in Utah

The claims are close to wells where supersaturated brine has been recorded to contain high grades of lithium and other minerals.

Drill pad area at Cloud-001 claim in Utah
Anson director Greg Knox on the proposed drill pad area next to the Fidelity claim

Anson Resources Ltd (ASX:ASN) has staked two additional placer claims at its Paradox Lithium Project in the US that are close to lithium-rich wells.

The Cloud-001 and Cloud-002 claims have been staked by wholly-owned Utah-based subsidiary A1 Lithium and surround the Fidelity claim owned by another party.

They are just 40 metres from the Long Canyon No 1 oil well and 90 metres from the White Cloud No 2 well, both on the Fidelity claim.

The former has an historical recorded lithium value of 500ppm lithium and the latter has an historical value of 1700ppm lithium.

READ: Anson Resources to begin sampling brines from new well in Lithium Four Corners area

The Paradox project is within the Lithium Four Corners area of the state of Utah.

Managing director Bruce Richardson said: “The staking of this highly prospective ground is part of Anson’s strategic plan to fast-track the lithium project.

“This confirms Anson’s intent to continue its aggressive plan to fast-track towards LCE [lithium carbonate] product.”

Shares increase 10%

Anson increased 10% to 5.4 cents in early trade.

The Roberts Rupture structure, which is thought to provide natural fracturing of the host rock allowing the flow of fluids, is 140 metres east of the Cloud claims.

In addition to lithium, high concentrations of up to 6,100ppm bromine, as well as iodine and magnesium, were previously assayed at the Long Canyon No 1 well.

The Cloud-001 and Cloud-002 claims surround the Fidelity claim.

These other minerals can be extracted during the processing of the lithium.

Numerous brine analyses for other wells in the area are also listed in the UGS Special Publication 13 printed in 1965.

READ: Anson Resources suggests lithium trap could be responsible for varied assay results

“Cloud-001 provides an excellent option for the location of exploration drilling and a possible production well,” Richardson said.

“It is right next to the claim where supersaturated brine has been recorded to contain high grades of lithium and other minerals.”

Suitable drill site

The south-western corner of the Cloud-001 claim is a suitable site for a future drill hole proposed as part of the exploration program Anson intends to carry out this year.

The proposed drill pad has a graded track access in place and could be levelled quickly for drilling to begin once surveys have been completed and government approvals have been granted.

Access from well-maintained road

Access to the new claims is from a well-maintained road passing through the southwest corner of the claim.

This road is used to transport oil and water from the Long Canyon well for offsite processing.

It does not require any upgrading to enable an exploration program to begin once government approvals have been granted.

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