Anson banking on Green River mineral resource drilling

Anson Resources (ASX:ASN) has begun site works in preparation for the start of JORC mineral resource drilling at its Green River Project in Utah, US. 

The $105.43 million market capitalisation company says required earth works on the drill pad site are underway with the drill ‘cellar’ excavated and installed. 

The drill pad covers a small surface area of about 88.4m by 88.4m in size on flat, sparsely vegetated ground that requires minimal earthworks prior to drilling. As such, ‘significant’ time and cost benefits have been recorded. 

All approvals are in place ahead of the drilling program, which will be conducted on Anson’s privately owned land at Green River.

The drill rig has been mobilised and is expected to arrive and begin drilling at the end of this week.  

The imminent drilling program is the first phase of Anson’s JORC mineral resource definition plan. 

As part of the program, the Bosydaba 1 well will be drilled to a total vertical depth of 10,800 feet adjacent to the planned Utah Sample Demonstration Plant (USDP) and Visitor Centre, which is already on site.

Drilling will target both the clastic zones and Mississippian Units that contain previously recorded supersaturated brines. Coring will be carried out on ‘major’ horizons of interest that will be used for laboratory testwork. 

The resultant data, such as specific yield, will then be used to delineate a JORC mineral resource at Green River. 

Executive Chairman and Chief Executive Officer (CEO) Bruce Richardson says: “The speed at which the drilling approvals were provided by the State of Utah is an indicator of the advantage of owning surface area and highlights the strategic importance of the purchase of the land at Green River. A total of 4 months was required, from application to final permitting, not only approval to drill but also for the rezoning of the land to allow drilling and mineral processing on this site. 

As a brownfields site, biological, archeological and other surveys were also able to be completed in a very short period of time which demonstrates the skills and knowledge that the Anson team has developed over previous programs.”

Anson Resources is a junior mineral resources company with a portfolio of minerals projects in key demand-driven commodities. 

The company’s core asset is its Paradox Lithium Project in Utah.

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Images: Anson Resources
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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.

Mandrake unlocking mysteries in Paradox Basin

Mandrake Resources (ASX:MAN) has received permitting from the federal US government’s Bureau of Land Management (BLM) for a re-entry of 2 wells at its Utah Lithium Project in the Paradox Basin, US. 

The $24 million market capitalisation company says the permitting allows for re-configuring existing oil and gas wells through additional perforations and/or isolation of additional potentially lithium-bearing reservoirs. 

Mandrake says this will aid the specific targeting of brine reservoirs modelled as containing relatively high concentrations of lithium. 

The company has completed detailed drilling work plans for both wells, as well as detailed engineering and sampling programs. 

Fieldwork will take place upon completing the imminent publication of a JORC-compliant lithium exploration target for the Utah project, alongside the results from Direct Lithium Extraction (DLE) testing. 

The DLE testing results are pending from 2 independent DLE providers, which are seeking to produce lithium hydroxide directly from brine derived from the project. 

Mandrake notes that the BLM approval comes after the company submitting a detailed Notice of Intent (NoI) to the BLM and Utah Division of Oil, Gas, and Mining (UDOGM). 

The NoI proposes exploration and well development activities. 

Mandrake Resources’ Utah Lithium Project sits in the ‘prolific’ lithium 4 corners Paradox Basin in south-eastern Utah. 

As of 30 December 2023, the company had $15.3 million cash at hand, according to its latest quarterly report.

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Images: Mandrake Resources
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Written By Aaliyah Rogan
Relocated from the East Coast in New Zealand to Queensland Australia, Aaliyah is a fervent journalist who has a passion for storytelling. When Aaliyah isn’t writing stories, she is either spending time with friends and family or down at the beach.