Stakes 228 Strategic Claims In Utah
Anson Resources Limited (ASX: ASN) has staked an additional 228 placer claims which are highly prospective for lithium rich brines, and abut Anson’s Cane Creek claims at its Paradox Brine Project in Utah.
The additional claims increase the Project’s footprint by 18.40 sq km or 20% to 114 sq. km.
The additional claims contain an area of 8.5 sq. km2, which falls within the Area of Influence (AOI) of the existing Indicated and Inferred Resource estimates, and will be added to the updated total JORC Resource estimate which is currently being completed.
Anson plans to conduct a re-entry programme to convert the Inferred Resource/Exploration Target to a combined Indicated and Inferred Resource.
In addition, the newly pegged claims located west of the Sunburst and Mineral Canyon wells, which are currently under application with the Department of Interior, Bureau of Land Management (BLM) for re-entry and sampling, will also be included in any revised Indicated and Inferred JORC Resource estimates should the re-entry program be successful.
As way of update of the progress that has been made with this re-entry program, the BLM requested the preparation of an Environmental Assessment (EA) study over the area that is expected to be impacted by the planned exploration program.
This EA is expected to be completed and submitted soon. Samples of brine to be collected from these wells, once BLM’s approval has been finalised, will be tested for several minerals including lithium (Li), bromine (Br), Iodine (I) and Boron (B) concentrations in clastic horizons 17, 19, 29 and 31. The wells are located approximately one km from historic Li rich assayed brines.
Access to these areas is provided by existing roads which pass through the Project claims. The county roads are well maintained, and the tracks will require little upgrading, thereby enabling an exploration program to commence once government approvals have been granted as the environmental and cultural surveys have already completed.
In addition to the pending Mineral Resource estimates, an exploration target of a further 365 – 700 million tonnes of brine grading in the range of 50 mg/L to 300 mg/L lithium and 2,000 mg/L to 4,000 mg/L bromine has been estimated for Clastic Zones 17, 19, 29, 31 and 33.
The Exploration Target occurs within the Project’s placer claims totalling 9,566 hectares. Clarification Statement: An Exploration Target is not a Mineral Resource. The potential quantity and grade of an Exploration Target is conceptual in nature. A Mineral Resource has been identified in the centre of the Exploration Target, but there has been insufficient exploration to estimate any extension to the Mineral Resource and it is uncertain if further exploration will result in the estimation of an additional Mineral Resource.
The Mineral Resource could be further increased by re-entering historic holes in the western and southern areas of the Project which is only classified as an Exploration Target due to the lack of data to date.
This would result in a significant increase in the block model tonnages and grades for the additional Clastic Zones as there has been no recorded assays in those locations. Calculations of this increase are currently being undertaken and will be announced when complete.
For further information please visit: https://www.ansonresources.com/
