Anson Resources Limited (ASX: ASN) reports that the site preparation has begun at the Mineral Canyon and Sunburst wells before its Western Strategy Mineral Resource drilling program at the Paradox Lithium Project in the Paradox Basin, southeast Utah, USA. Anson intends to re-enter two targeted wells in the Western Strategy drilling, Mineral Canyon and Sunburst.
To improve the Project's current JORC Mineral Resource of 1.04Mt of Lithium Carbonate Equivalent (LCE) and 5.27Mt of Bromine, the program is aimed to sample the thick Mississippian units and the Pennsylvanian clastic horizons further. The Project's Western Strategy drilling will work to both vertically and horizontally expand the JORC Mineral Resource estimate. The additional data generated by this drilling is anticipated to be significant and will be used to improve the Mineral Resources.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.