Anson Resources (ASX:ASN) reports it has discovered multiple new lithium-rich zones in its recently completed resource drilling at the Cane Creek 31-1 well at the Paradox Lithium Project in Utah has the potential to add tonnes to the Mineral Resource Estimate.
These Clastic Zones are newly discovered as lithium-rich supersaturated brines and ‘could’ add tonnes to the Indicated and Inferred resource.
It can be seen in this plan that the new discovery provides ‘significant’ upside to convert existing Exploration Targets to Indicated and Inferred JORC estimates.
It is also noted that a number of these additional clastic zones are much thicker than the zones previously sampled and used in the recent JORC resource upgrade.
Drilling at Cane Creek intersected lithium-rich brines in the additional Clastic Zones 45,47, 49 and 51. This is in addition to the recently reported lithium-rich brines in Clastic Zone 43 at Cane Creek.
These new Clastic Zones were intersected during Anson’s drilling to extend the well to the Mississippian units, approximately 500m below the clastic zones
These new Clastic Zones were intersected during Anson’s drilling to extend the well to the Mississippian units, approximately 500m below the clastic zones.
The assay results from Clastic Zones 43,45,47 and 49 returned an average of 100ppm Li for the 4 horizons intersected.
This is 17% higher than the average grade of the shallower Clastic Zones 17,19,29,33 from drilling at the Long Canyon No.2 well, included in Anson’s recently reported upgraded JORC resource at the Project.
The extra thickness in the new clastic zones has the potential to deliver a large increase in further planned mineral resource upgrade, which will incorporate results from the Cane Creek drilling.
The assay data and samples collected from these horizons, including drill chips collected during the drilling program, will also provide additional geological information on the brine horizons in the Project area which can be used in future JORC resource estimates and form targets for future exploration programs.
The assay results from the 121m thick Mississippian units at Cane Creek remain pending.
Anson Resources is an ASX-listed junior mineral resources company, with a portfolio of mineral projects in key demand-driven commodities. Its core asset is the Paradox Lithium-Brine Project in Utah, in the US.
Anson is focused on developing the Paradox Project into a significant lithium producing operation.
The company’s goal is to create long-term shareholder value through the discovery, acquisition and development of natural resources that meet the demand of tomorrow’s new energy and technology markets.
Images: Anson Resources Ltd
