Iam thankful for your many posts which have helped me with myAustralian investments. I will try to reciprocate by sharing what I knowabout the Paradox Basin. BTW, I do not know the name of the JV butAnson's wholly owned Utah subsidiary name is A1 lithium.
Ireside in the US and have own Anson for over a year as well as two Canadian companieswhich are players in the Paradox Basin. Specifically, Pan AmericanEnergy located in the middle of ASN's tenements and Voyageur aformer Jr. miner that has made a strategic shift aimed at producingcontrast X ray products.The following article is an interesting read particularly the last portion dealing with Iodine.
hemarketherald.ca/junior-biotech-company-poised-for-major-pharma-success-2022-12-23/#FEATUREDNEWSLINKS5_20221223
Priorto this shift, VM initiated in 2016 an JV with ASN covering the initial 720hectares (Robert's Rupture) which are part of ASN's Paradox project. ASN's 2018 August and November presentations provide a good view on howhas ASN grown since the initial JV. As detailed below, it isinteresting over time to note how VM has viewed this JV.
Voyageurannouncement -5/17/17
/www.globenewswire.com/news-release/2017/05/17/986965/0/en/Voyageur-Minerals-Ltd-Increases-Paradox-Lithium-Brine-Project-Acreage.html
Highlights:
Total acreage increased by 218% (additional 194 claims)
Contains the historical Gold Bar Unit 2 oil well:
• Drilled through the Paradox Formation to 9,682 feet
• Possible re-entry for brine sampling
Access to road, rail, gas and power infrastructure improved
Project sits on Robert's Rupture within the Paradox Basin
1,700ppm lithium assayed from Clastic Zone 31, 800m away.
Clastic Zone 31 (containing lithium rich brines) possibly replenished from aquifers below, and an additional 20 untested Clastic Zones possibly containing brines
Brines from Clastic Zone 31 are at higher temperature (60°C compared to 40°C)
AdditionalProject Area:
AnsonResources Limited, Voyageur Minerals Ltd’s (TSX-V:VM) joint venturepartner, has staked an additional 194 placer claims at its ULIProject. The additional area covers 1,570 hectares and increases theproject from 89 placer claims with an area of 720 hectares to 283placer claims with an area of 2,290 hectares, increasing theproject area by 218%. The additional claims will significantlyincrease the project’s area of influence.........
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Mycomment: On 6/17 VM published the following announcement. Note the last sentence regarding the option.
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Voyageurannouncement -6/1/17
Claims:
Anson’sParadox Brine Project covers 283 placer claims (see Figure 2),consisting of:
89 claims in which Anson holds a 10% interest and is earning a up to 70% in two phases with the option to then acquire the remaining 30% interest; and
194 claims staked by Anson at a cost of US$43,068 (US$222 per claim).
Underthe earn-in agreement for the original 89 claims Anson has offeredthe original holder of the 89 claims the opportunity to includethe new claims in the joint venture. Discussions in this regard areongoing.......
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Mycomment:- Canadian companies must publish every quarter severalreports including a Discussion and Analysis report. With oneexception, the report's JV section has not changed since I went Long with VMincluding that Anson “has not completed the terms of the JointVenture agreement”. However, the last paragraph for the 8/31/22 report regarding VM'sIodine plans is new. Note the comment that the land size under the JV is720 hectares which means VM did not take the option in 2017. Dumb,dumb.
Voyageur'sManagement Discussion and Analysis report 8/31/22
JointVenture Agreement
Voyageurplans to advance its exploration and development of the ULISubterranean pressurized Lithium Iodine Brine Project in Utah,USA.The Corporation's goal is to produce Iodine for contrasts and otherpharmaceutical grade products. The brines also contain various otherminerals that be produced as by products for additional revenues.....
TheCorporation and Anson Resources Ltd. (“Anson”)are parties to a joint venture agreement in respect of theCorporation's interest in 89 mineral claims covering approximately720 hectares in an Iodine/lithium brine property located in theParadox Basin of Utah, United States. On September 14, 2016, theCorporation entered into a Standstill Agreement with Anson......
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OnMarch 27, 2017 the Corporation signed a formal Joint Ventureagreement with Anson whereby Anson may earn up to 70% of the ULIProject by undertaking exploration activities on the project. Ansonearned a 10% interest in the ULI Project upon signing of the formalJoint Venture agreement and can earn further interests uponcompleting the following:1)·40% by defining the location(s) for one or more drill holes, issuinga NI 43-101 technical report, and 2) incurring US$666,000 inqualifying expenditures; and a further 20% by drilling and loggingone or more hole. At this time, the terms of the Joint Ventureagreement have not been completed by Anson and Anson has notcompleted the 40% earn-in phase.
TheCorporation has determined that the ULI Project will be the keyproperty for its future strategy focused on iodine. Voyageur hasbegun investigating other iodine rich reservoirs in the UnitedStates, that may offer a faster track to completing its fullintegration plan for the iodine drug market. The ULI project isexpected to developed as a lithium,iodine and bromine project afterpositive cash-flow is established with barium
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