ION Energy Limited (TSXV: ION) has unveiled a number of promising TEM (Transient Electro Magnetic) line results that intercepted the previously announced eight TEM lines completed on its Urgakh Naran project in Mongolia/
Highlights:
- 2022 TEM Survey successfully completed
- TEM results indicate strong conductivity and low resistivity that is typical of a significant brine aquifer
- 22.7 billion cubic meter low resistivity aquifer volume measured
- Drill planning to test porosity, flow rates and aquifer specifics underway
- Technical expert site review to be undertaken in September
“An exciting milestone for the company that validates the results of the previously announced TEM results as well as provide the Company with a means to calculate the brine body on the basis of the low resistivity zone, bringing us one step closer to providing a resource estimate on a market altering deposit at Urgakh Naran.” said Ali Haji, CEO & Director of ION Energy.
“The TEM survey validates the high conductivity and low resistivity seen across the previously announced lines across the basin, validating extensions, faults, and displacements affecting the Urgakh Naran aquifer.
“The company is equally happy to share results from the extensive drilling operations that we have concluded on the expansive Baavhai Uul licence.”
Summary
ION Energy has successfully completed an additional 16 line-km TEM survey on its Urgakh Naran project in Mongolia that intersects the previously announced 82 line-km completed.
The company is now working to determine the location of the monitoring well locations and is mobilising rigs in country to commence a programme in the coming weeks.
The three hole monitoring well drill program will allow ION Energy to obtain samples for hydrogeological sampling, porosity testing, flow rates and depth-specific brine sample measurements that will include chemical assays with the objective of announcing a mineral resource estimate in Q4 2022. The company has confirmed a site visit in late September this year that will include technical experts, strategics and analysts.
Baavhai Uul
ION Energy has already completed a significant auger program across the vast Baavhai Uul licence, and alongside the 1502 ppm Li seen at the White Wolf Prospect at Baavhai Uul, the company reports the discovery of strong CuNi anomalies as reported by Aranjin Resources Ltd, further solidifying the value of the Reciprocal Mining Rights Agreement entered into with Aranjin Resources Ltd on February 1, 2022.
For further information please visit: https://www.ionenergy.ca/
