ION Energy Limited (TSXV: ION) has drilled two lithological diamond core holes at Urgakh Naran in Mongolia with a total depth of 702m and a third hole currently at 185m.
Highlights:
- Drilling of one water well down to 300m has been completed using a tricone bit, slotted casings, with a diameter of six inches;
- Total cumulated gravelite, porous and permeable zones starting at 184m seen at UNDH-02 show thickness of at least 80m; and
- Site visit concluded in September 2022 with a second visit planned for October 2022; inferred resource calculation ongoing.
“Onsite advancements at Urgakh Naran continue to be highly encouraging. Being able to report on lithology which is indicative of permeability, further validates the low resistivity zones identified by the TEM conducted this summer. We continue to advance the asset at breakneck speed.” said Ali Haji, CEO and Director of ION Energy.
“Efforts steadily progress at Urgakh Naran to complete the diamond holes as well as the monitoring wells, allowing the Company to progress inferred resource calculations.”
Summary
Diamond Core and Water well drilling has commenced at Urgakh Naran. Core as well as brine samples are being collected for assaying and porosity testing.
