Good article on what is going on.
CALGARY, Alberta, May 17, 2017 (GLOBE NEWSWIRE) --
Highlights:
Additional Project Area:
- 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)
- There are additional 24 other clastic zones throughout the paradox basin that will be evaluated to determine potential for lithium brine production.
Anson Resources Limited, Voyageur Minerals Ltd’s (TSX-V:VM) joint venture partner, has staked an additional 194 placer claims at its ULI Project. The additional area covers 1,570 hectares and increases the project from 89 placer claims with an area of 720 hectares to 283 placer claims with an area of 2,290 hectares, increasing the project area by 218%.
The additional claims will significantly increase the project’s area of influence.
https://globenewswire.com/news-rele...es-Paradox-Lithium-Brine-Project-Acreage.html
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