Announcement Date: 2022-07-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Anson Resources Ltd.
Project name: Paradox
Location: United States
Commodities: Lithium
Highlight: Drilling results incl. 46m @ 114ppm Li
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Anson Resources Limited (ASX: ASN, ASNOC, ASNOD) (Anson or the Company) is pleased to announce that high concentrations of lithium and bromine have been reported from the recent drilling at the Long Canyon No. 2 well at the Company’s Paradox Lithium Project in Utah, USA (the Project). These additional lithium and bromine values come from the Clastic Zones 17, 19, 29, 31 and 33 at Long Canyon No. 2, all of these zones have not been previously included in the existing JORC Resource estimate at the Project. It is anticipated these additional assay results will result in an increase in the Project’s Indicated and Inferred Resources at the southern end of the Project area (see Figure 1). Assays for the Clastic Zones at the Long Canyon No. 2 well are shown in Table 1, along with assays from the Cane Creek and Skyline wells. Anson plan to use these results from all of the Clastic Zone horizons and the Mississippian Units to upgrade the Project’s existing JORC Resource estimate (see ASX Announcement 11 May 2020).
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