- Anson Resources (ASN) receives approvals for the next phase of drilling at its Paradox lithium project in Utah
- With an Application Permit to Drill (APD) in some key project areas now granted, Anson plans to re-enter and drill the Cane Creek 32-1 well in the area
- The goal of this drilling is to convert a large portion of the target into indicated and inferred resources
- Anson says it expects drilling to deliver a “significant” resource upgrade for the project as it targets the lithium-rich zone of the Mississippian supersaturated brine aquifer
- Shares in Anson Resources are trading grey at 14 cents each at 10:32 am AEST
Anson Resources (ASN) has received approvals for the next phase of drilling at its Paradox lithium project in Utah.
The company has been granted an Application Permit to Drill (APD) in some key project areas, meaning it can now re-enter and drill the already-open Cane Creek 32-1 well.
The goal of the drilling is to convert a large portion of Anson’s Paradox exploration target into indicated and inferred resources, with the company targeting the lithium-rich zone of the Mississippian supersaturated brine aquifer.
This target was identified from historical oil exploration but, according to Anson, has only been sampled once.
Anson said it expected its drilling program to deliver a “significant” resource upgrade at the Paradox project. This resource upgrade will then feed into a definitive feasibility study (DFS) for the project.
The planned drilling will commence once the company completes its current drilling at the Long Canyon Unit 2 Well.
Shares in Anson Resources were trading grey at 14 cents each at 10:32 am AEST.