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Anson Resources stakes new claims near Paradox Lithium Project

The new claims have old oil wells which can be re-entered to test for lithium brines.

signs saying welcome to Utah
Geological evidence suggests zones of potentially trapped lithium mineralisation

Anson Resources Ltd (ASX:ASN) has staked an additional 177 placer claims at its Paradox Lithium Project in the US stage of Utah.

The claims contain six oil wells which are three kilometres north of wells with historically recorded lithium values and Anson’s recently drilled Cane Creek 32-1 well.

READ: Anson Resources experiences improved exploration success close to Long Canyon area

Anson’s managing director Bruce Richardson said: “This new area staked by Anson provides the opportunity to enter or re-enter six additional oil wells to sample for lithium at relatively low cost.

“In addition, the company will seek to work with the oil company that has been granted approval to drill new wells to obtain additional geological data and conduct lithium sampling as their program is conducted.

“It may also be possible to collect core samples through targeted Clastic horizons as these wells are drilled.”

The plan above shows the location of the new claims in relation to the project’s claims and their proximity to wells with historical lithium values.

The six historical oil wells on the new claims are possible re-entry targets for exploration.

In addition to lithium, high concentrations of bromine (Br), iodine (I) and magnesium (Mg) were assayed at a number of oil wells in the Long Canyon area.

Quick facts: Anson Resources Ltd

Price: 0.017 AUD

Market: ASX
Market Cap: $10.2 m

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