"Additional horizons are known to contain brines, specifically Clastic Zones 7, 9, 13, 21, 25, 27 and 43 , with Clastic Zones 17, 19 and 29 historically having been found to be super - saturated. Clastic Zone 17 brine has been previously assayed for lithium with historical recor ds indicating lithium values of up to 339 ppm with the zone having a thickness of 35 feet at a depth of 6 , 205 feet . Clastic Zone 31 is 25 feet thick and is at a depth of 7,080 at Gold Bar Unit 2.
The additional brine bearing Clastic Zones may provide significant additional upside potential to Anson’s Exploration Target , improving the potential viability of the project . During the re - entry drilling of the Gold Bar Unit 2 well, Anson intends to take samples from some of the known brine zones which are shallow er than Clastic Zone 31.
The Paradox Formation consists of 29 salt cycles . Not all cycles are present at every location within the Paradox Formation , and Table 1 (attached) shows the Clastics Zones present in Anson’s Paradox Brine Project area."
Sampling Program :
Anson is planning a drilling program to commence in late Q4 2017, with the main target being the lithium rich brines within Clastic Zone 31 . At the same time , and for minimal incremental cost, Clastic Zones 17, 19 , and 29 will be sampled ov er a period of 5 hours with 1 litre sample s being collected every 2 0 minutes. The samples will be transported to a certified laboratory and sampled for Li and the other commodities such as B and Br.
Clastic Zones 17, 19 , and 29 will also be flow tested .
Clastic Zone 31 will be tested for a longer period and a bulk sample, up to 30,000 litres will be collected and retained for metallurgical test work."
ASX Release 4/10/17
ASN Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
