Anson Resources expands tenure by 28% at Paradox Lithium Project in Utah
Proactive Investors
Published May 10, 2023 12:23
Anson Resources expands tenure by 28% at Paradox Lithium Project in Utah
Anson Resources Ltd (ASX:ASN) has expanded its flagship Paradox Lithium Project in Utah by 28% via a strategic addition of 586 claims that abut the north-western edge of the project area.
The new claims increase the project area by 214 square kilometres of contiguous tenure with highly prospective lithium-rich brines.
Looking ahead, Anson will include the claims in its Western Strategy resource drilling program, expected to deliver an increase to the indicated resource and inferred category in the planned upgraded resource model at Paradox.
lithium-rich supersaturated brines
Anson’s wholly owned Utah-based subsidiary, A1 Lithium Inc has staked the placer claims which are immediately adjacent to the north-western extent of the Paradox project area.
Notably, the new claims will expand the company’s footprint over the lithium-rich aquifers in the northern area of the Paradox Basin.
The presence of lithium-rich supersaturated brines has been confirmed in the area, and it is anticipated that the new claims may increase the indicated and inferred JORC categories of the mineral resource based on the area of influence of the drilling program.
Plan showing the new claims pegged in relation to the State Parks to the south.
Forward plan
A successful Western Strategy drilling program is part of Anson’s plan to continue to increase the project’s mineral resource estimate, both vertically and horizontally.
Drilling of the two target wells in the Western Strategy drilling, the Mineral Canyon and Sunburst wells will deliver a large amount of additional data that will be used to upgrade and expand the existing resource.
The assaying and flow testing of the brines would result in the areas surrounding the wells being included in the JORC indicated and inferred categories.
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