ASN 6.15% 6.9¢ anson resources limited

Ann: Anson Paradox Well Re-entry Program Application Progresses, page-7

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  1. 10,884 Posts.
    lightbulb Created with Sketch. 2112
    Very nice, is the higher Lithium grade at the deepest brine level ?.
    In the early days many of us including management were expecting a major discovery at the first re-entry, at the gold bar drill hole, when it comes to Lithium grade it was essentially a duster as the grades were very low for Lithium, but high grades for the other minerals.
    If a much higher grade of Lithium is discovered at the sunburst 1 and mineral canyon fed 1-3 wells around the 8,000ft of the Mississippian Leadville Formation, this would be a major discovery, as the thickness is 70 meters to 170 meters thick.
    Was gold bar drilled deep enough ?, and as it is located at the deepest part of the basin, is the higher grades another 1500ft deeper, if a high grade discovery is made in the Mississippian Leadville Formation, they should re test gold bar at some stage.
 
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