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7.7¢ anson resources limited

Ann: Anson to Acquire Strategic Lithium Project in Paradox Basin, page-80

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Micko13

257 Posts.

24

19/07/23

11:57

Post #: 68863487
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Originally posted by 1sharetrader1: ↑

Good to see Anson getting this ground, was always expecting they would eventually, the price was about right.
That historic 1700ppm was from one of them old oil and gas wells on this ground, not that many of us believe that it was correct, but at least Anson can now find out the true highest grades closer to where the Canes Creek Anticline and Robert's Rapture cross.
81ppm for the Mississippian units seems a bit low for how high the grades can get, so I suspect that drilling closer to the cross section would deliver much higher grades as the current grades are much further away from the geological anomalies that have delivered the highest grades.
I have always believed after the Gold bar result that the highest grades at the Paradox basin project would be where the Canes Creek Anticline and Roberts Rapture cross.
It would be a waste of money to re-enter the Cane Creek Fed 11-1 well as I suspect the result will be no better than what is already known, best to make an application to re-enter a well closer to the cross section.

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That's the 1700ppm well claim I had read about. I knew I'd read it somewhere, in some stock, in some hole. Saw that table years ago, thought I'd gone mad.

Cheers Micko

ASN Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
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