Anson Resources Ltd

Anson Resources begins building drill pad for third well, JORC on track

The company aims to estimate a JORC resource using samples taken from old wells.

Bulldozer on site at drill pad
Nearby wells feature historical lithium grades of up to 1700ppm

Anson Resources Ltd (ASX:ASN) has commenced the construction of the drill pad for re-entry of the historical Skyline Unit 1 oil well within the Paradox Lithium Project in Utah, US.

Roadworks that commenced earlier this week have allowed access to the drilling site for earth moving equipment.

This is the third re-entry of an existing oil well by Anson at the project to sample brines and is part of work that Anson is conducting to determine a JORC resource.

JORC resource on track

The drilling program has been permitted to include entry into two old oil wells, Skyline Unit 1 and Long Canyon No 2.

Data obtained from the drilling will be used in the estimation of a JORC resource, which remains on track, and the brine will be assayed and used for ongoing metallurgical test work.

The two wells are also close to the Long Canyon No1 and Whitecloud No2 well which contain recorded lithium values of 500ppm and 1700ppm.

READ: Anson Resources installs brine holding tanks for pilot plant at Paradox Lithium Project

Anson is also continuing to progress the in-field pilot plant development at its Paradox Lithium Project.

The pilot plant for the Paradox project is being built on an existing well pad, Cane Creek 32-1, which will reduce infrastructure development, time and costs.

Proactive Investors spoke to managing director Bruce Richardson in November 2018 about the site chosen for the pilot plant along with other project updates.

Quick facts: Anson Resources Ltd

Price: $0.04

Market: ASX
Market Cap: $19.25 m

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Anson Resources releases JORC Mineral Resource on Paradox Brine Project in Utah

Anson Resources (ASX-ASN) Chairman and CEO Bruce Richardson joined Steve. Darling from Proactive Investors to talk about their maiden JORC Mineral Resource which saw inferred and indicated of 118,000t of contained lithium carbonate. Richardson talks about some of the other key numbers from...

on 19/6/19

2 min read