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Anson Resources confirms 35 metres of brine bearing zones at Skyline well in Utah

Clastic Zones 17, 19 & 29 of the Skyline Unit 1 well successfully perforated, sampled and sent for assay.

Anson Resources Ltd - Anson Resources confirms 35 metres of brine bearing zones at Skyline well in Utah
Workover rig at Skyline Unit 1 well for sampling of clastic zones 17,19 & 29

Anson Resources Ltd (ASX:ASN) has completed the sampling program of the Skyline Unit 1 well at its Paradox Brine Project in Utah, US as part of the company’s multiple mineral/multiple revenue stream strategy.

The aim of the program was to sample brine in Clastic Zones 19, 19 and 29 for minerals including lithium, bromine, iodine and boron.

Brine had been previously recorded in these clastic levels in historical oil and gas drilling logs and geophysical logs that were taken by Anson during the sampling of Clastic Zone 31.

Plan showing Anson’s Paradox Brine project area and recorded lithium and bromine grades

The combined thickness of Clastic Zones 17,19, 29 and 31 that have been confirmed by Anson to contain brine have been increased to 115 feet (about 35 meters) at the Skyline well.

This program is a continuation of the well re-entry sampling program that began in the first quarter 2019, the results from which were used in the estimation of Anson’s maiden JORC resource for Clastic Zone 31 where concentrations of lithium, bromine, iodine and boron were recorded.

Samples of brine were successfully taken from Clastic Zones 17,19 and 29 where the brine flowed into the drill tubing after perforating the steel casing of the well pressure indicating that the brine resides in porous rock and that there is pressure in these Clastic Zones.

Sampled brine to be shipped to laboratory in Texas, USA

It is worth noting that some difficulty was experienced by the drilling crew in plugging Clastic Zone 31 in the Skyline well due to the very high pressure of the artesian flow which is expected to reduce extraction costs.

The samples collected have been sent to a laboratory in Texas for assaying, the results of which are expected before the end of October 2019.

These results will be used to review the JORC estimates and the Preliminary Economic Assessment (PEA) which are expected to be completed in Q1 2020.

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