ANSON RESOURCES LIMITED Anson Resources Limited announced the commencement of a major resource expansion sampling program at its Paradox Lithium Project in Utah, USA. Anson is focused on delivering a significant resource upgrade at the Paradox Project in H1, calendar 2022, which will be designed to support its feasibility studies and the development of the Paradox Project into a substantial, operating lithium-bromine project. Anson's resource expansion strategy is focused on: increasing the existing JORC 2012 estimates both vertically and horizontally at existing targets across the Paradox Project area and adding new claims adjacent to the Paradox Project.
The first target is the Long Canyon No 2 well and the deeper Mississippian Units. Anson has lodged a Sundry Notice to extend the previously approved re-entry and sampling program of these target areas. This is similar to the previously announced application to re-enter the Mineral Canyon and Sunburst wells to sample lithium and other minerals in the super-saturated brine of the lower Mississippian Units.
Anson plans to re-enter the Long Canyon No 2 well to test the lithium grades plus bromine, boron and iodine grades within the Mississippian units and in the Clastic Zones 17, 19, 29 and 33 brines with the intent to increase and upgrade the Project's estimated JORC resources. Anson plans to re-enter the Long Canyon No 2 well to test the lithium grades plus bromine, boron and iodine grades within the Mississippian units and in the Clastic Zones 17, 19, 29 and 33 brines with the intent to increase and upgrade the Project's estimated JORC resources. This Exploration Target forms part of a larger project-wide Exploration Target of 1,300Mt 1,800Mt grading 80 140ppm Li and 2,000 3,000ppm Br.
The Exploration Target figure is conceptual in nature as there has been insufficient exploration undertaken on the Project to define a mineral resource for the Mississippian Units. It is uncertain that future exploration will result in a mineral resource. The original Notice of Intent for the exploration program was granted by the USA Federal Government, Bureau of Land Management in December 2018 and an amended Sundry Notice has now been submitted to carry out this additional work.
The Exploration Target draws on data that has been generated during previous oil and gas drilling programs. The review identified several wells within the Paradox Project area that have been drilled into the Mississippian Units which included Long Canyon No 1, Long Canyon Unit 2, Coors USA 1-10LC, White Cloud 1, Big Flat 1 to 3, Big Flat Unit 5 and Mineral Canyon Fed 13.
