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Anson Resources boost Exploration Target ahead of maiden JORC release

The Exploration Target is an indication of the project's growth potential.

growth concept
The maiden JORC estimate for Clastic Zone 31 is due shortly

Anson Resources Ltd (ASX:ASN) has calculated an increased Exploration Target across four Clastic Zones underground containing brine at its Paradox Brine Project in Utah, US.

The Exploration Target is for 484-792 million grading 50-50ppm lithium, 50-400ppm boron, 2,500-4,000ppm bromine and 30-100ppm iodine.

The Exploration Target was calculated for Clastic Zones 17, 19, 29 and 33, which were all sampled by Anson during drilling.

Additional horizons are also known to contain brines, specifically Clastic Zones 7, 9, 13, 21, 25, 27 and 43, providing potential to further extend the Exploration Target.

Anson is approaching completion of the estimation of its maiden mineral resource for Clastic Zone 31 which it expects to finalise and announce shortly.

READ: Anson Resources surges after producing battery-quality lithium carbonate at Utah project

In recent weeks, Anson produced about one kilogram of 99.9% pure battery-quality lithium carbonate from brine sourced at its Paradox Brine Project.

This was a major catalyst for the share price with shares hitting 8.2 cents on strong trading volume.

The pending release of the maiden JORC resource is the next upcoming catalyst for the company.

Proactive caught up with Anson last month for a project update.

Quick facts: Anson Resources Ltd

Price: 0.028 AUD

ASX:ASN
Market: ASX
Market Cap: $16.8 m
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