ASX: ASN – Anson Resources Ltd
SP: 4.1c
MC: $13m
Shares: 301 Million + 121 Million options (ASNOB).
"Following the review by the BLM, an Application for Permit to Drill (APD) has now been electronically submitted to the Utah Department of Oil & Gas and Minerals (UDOGM). Approval is expected to take 40 days." ( Thats the 6th of November, only 4 weeks time... ).
"Once fully permitted, Anson intends to commence its drilling program with the entry of an existing well, Gold Bar Unit 2, which was previously drilled through the brine zones Anson is targeting to sample for lithium. Several drilling companies have already indicated that they have suitable rigs in the area in the time frame in which Anson expect to receive approval to re-enter the Gold Bar Unit 2 well."
"Anson Managing Director Bruce Richardson commented, “The Company is fully funded to conduct the re-entry of Gold Bar Unit 2 and obtain brine samples from several clastic zones for testing for lithium as soon as approval is provided. It is pleasing that we are on schedule to commence the re-entry of the oil well on the 100% Anson owned claims. We are now designing the brine sampling program with an aim of having confirmed assay results in early 2018.
