- Anson Resources (ASN) confirms a new exploration target at its Green River lithium project in the Paradox Basin, Utah
- The Green River project covers 10,620 hectares and has mineral resource potential similar to Anson’s flagship asset, the Paradox lithium project
- The company says Green River exhibits all the “positive geological characteristics” of the Paradox project and appears to be suitable for both the extraction of brine and the disposal of waste brine
- Anson plans to conduct a drilling and sampling program of existing wells in the project area with the hope of including the results in a JORC resource upgrade
- Anson Resources shares are down 2.38 per cent to 20.5 cents at 12:49 pm AEDT
Anson Resources (ASN) has confirmed a new exploration target at its Green River lithium project in the Paradox Basin, Utah.
The target at Anson’s recently-staked Green River project reaffirms a mineral resource potential similar to the company’s flagship asset, the nearby Paradox lithium project.
The Green River project was staked in January and covers an area of 10,620 hectares just 50 kilometres northwest of the Paradox project.
The company said Green River exhibited all the “positive geological characteristics” of the Paradox project, including rock units and stratigraphy. The area also appears to be suitable for both the extraction of brine and the disposal of waste brine back into a desirable formation that is shallower and has high porosity and lower pressure.
Supersaturated brines were previously intercepted in historical oil and gas drilling at Green River, through which Anson confirmed a “substantial” exploration target of between two billion to 2.6 billion tonnes of brine, grading up to 150 parts per million lithium and 2000 to 3000 parts per million bromine.
Anson said it planned to conduct a drilling and sampling program of existing wells within the project area with the hope of including the results in a further JORC resource upgrade.
Testwork, such as core sampling and flow testing, has already been carried out on some of the historic wells at the Green River project, which may be suitable for use in confirming a JORC Resource at the project.
Anson Resources shares were down 2.38 per cent to 20.5 cents at 12:49 pm AEDT.