🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Anson Resources finds that clastic zones at Green River Lithium Project are deeper and thicker than Paradox

Published 04/04/2024, 01:46 pm
Updated 04/04/2024, 02:00 pm
Anson Resources finds that clastic zones at Green River Lithium Project are deeper and thicker than Paradox
AXJR
-

Continued drilling by Anson Resources Ltd (ASX:ASN, OTCQB:ANSNF) at the Green River Lithium Project in the Paradox Basin of south-eastern Utah, USA, has confirmed the claustic zones to be geologically similar to those at the Paradox Lithium Project which is 50-kilometres to the south-east.

The company reports that the clastics at Green River consist of the same lithological units but these are deeper and thicker.

This drilling comes after the casing and cementing of the 'intermediate' drilling section to a depth of 7,500ft at the Bosydaba#1 well, which is on the recently purchased private property at the Green River Project.

Drilling began to intersect the salt layers and the clastic zones of the Pennsylvanian Formation at a depth of 6,188ft, with the speed of drilling having increased since drilling through this softer salt and clastic zone commenced.

The 'production' phase is expected to intersect the targeted clastic zone horizons at around 8,800ft.

Drill cuttings from a shallow Clastic horizon at Bosydaba#1 well showing the same lithological units as those logged at the Paradox Project.

This drilling program is the first phase in Anson's JORC mineral resource definition plan.

Advantageous structures

The Green River project has many large geological structures — such as the Ten Mile Graben, Little Grand Wash Fault, Green River Anticline and the Salt Wash Anticline — that have resulted in advantageous attributes for the extraction of brines.

These geological structures do not extend to the Paradox Lithium Project area but the lithological units within the clastic zones are similar, providing beneficial factors for extraction.

These include high pressure, increased porosity and increased permeability — factors that strongly indicate low extraction costs and beneficial ESG outcomes.

3D geological model showing the location of the Little Grand Wash Fault in relation to the Green River Project.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.