Anson Resources Limited (OTCMKTS:ANSNF) Reports 25% Increase in Lithium Grades in Drilling of Mississippian Units
Anson Resources Limited (OTCMKTS:ANSNF) has released updates from its recently completed drilling of the Mississippian units at the Cane Creek 32-1 well at its Paradox Lithium Project (the Project) in Utah, USA.
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Anson Delivers 25% Increase in Lithium Grades in Drilling of Mississippian Units at Cane Creek 32-1 Well
The results look extremely promising. It has returned lithium grades 25% higher than historical assay results from the Mississippian Units at Cane Creek. The company has also finished its Resource expansion drilling program at the Cane Creek well in September 2022. Drilling was done to target multiple clastic zones and the deeper Mississippian units approximately 500m below the clastic zones.
Nine samples were collected through the large aquifer within the 398 feet thick Mississippian units at Cane Creek. Assay values of 101ppm lithium and 3,294ppm bromine were returned from the entire drilled zone in the Mississippian Units. The results confirm that the massive, supersaturated brine aquifer in the Mississippian Units is rich in both bromine and lithium. In combination with the previously reported assay results from the Mississippian units drilled at the Long Canyon Unit 2 well, the Mississippian units at Cane Creek and Long Canyon have returned average grades of approximately 145ppm Lithium and 3,544ppm Bromine.
The drilling at Cane Creek and Long Canyon constituted Anson’s Eastern Expansion strategy. The company has got approvals to commence its Western Expansion strategy, which will see it target the Sunburst 1 and Mineral Canyon Fed 1-3 wells within the Project area. The results from these two wells will be included in a further Resource upgrade.
