Anson's Li project US

Anson uncovers ‘high concentrations’ of lithium and bromine at Paradox Project, US

Anson Resources (ASX:ASN) has reported additional ‘high concentrations’ of lithium and bromine mineralisation following recent expansion drilling at the Long Canyon No. 2 well, as part of its Paradox Lithium Project in Utah, US.

The results have not been previously included in the existing JORC Mineral Resource Estimate (MRE) at its flagship Paradox.

With expansion drilling still ongoing, Anson Resources announces that it plans to confirm a ‘major’ resource on completion of all drilling programs and will be included in the project’s nearly completed Definitive Feasibility Study (DFS).

Key Intercepts include:

  • 97ppm Li, 882ppm Br from Clastic Zone 33 (11ft thick)
  • 240ppm Li, 4,115ppm Br from Clastic Zone 31 (18ft thick)
  • 111ppm Li, 4,112ppm Br from Clastic Zone 29 (18ft thick)
  • 111ppm Li, 4,022ppm Br from Clastic Zone 19 (38ft thick)
  • 114ppm Li, 4,092ppm Br from Clastic Zone 17 (46ft thick)

The company also notes the returned supersaturated brines are similar to the previously sampled clastic zones included within the resource and reinforce an increase in the project’s Indicated and Inferred Resources at the southern end of the project area.

Interestingly, it is also reported that the recent drilling has highlighted opportunities for further resource expansion via targeted drilling in the ‘Western areas’ of the Paradox Project.

The Paradox Lithium Project covers a total land tenure of 95km-square.

It currently boasts a 2012 JORC-compliant MRE of 186,000 tonnes LCE and utilises direct lithium extraction processes.

Images: Anson Resources Ltd
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.