Anson Resources scores maiden 103,000t LCE resource at Green River

• ASN records maiden resource of 103,000t contained LCE at Green River Lithium project
• Brownfields project includes historical oil wells never explored for lithium
• Ongoing exploration expected to increase mineral resource

Special Report: Anson Resources has revealed a maiden lithium carbonate equivalent resource estimate for the Green River lithium project in Utah of 103,000t, including 19,000t in the indicated category.

The resource is based on drilling of the Bosydaba #1 well, which only represents around 24% of the property area, leaving room for significant exploration upside.

Anson Resources (ASX:ASN) said the re-entry of the historical Mt Fuel-Skyline Geyser well could also increase the resource.

Mt Fuel-Skyline Geyser 1-25 is an historical oil well roughly 4km east of Green River, where targeted zones have no recorded lithium and bromine assays but supersaturated brine was intercepted during oil and gas drilling.

Re-entry of the well was recently approved by Federal and State departments, including the Department of the Interior, Bureau of Land Management (BLM) and the Utah Division of Oil, Gas and Mining.

Watch: Anson reaches community benefits accord for Green River lithium development

Brownfields exploration means speedy development

The company said the speed at which the project had been developed was just one benefit of the strategic shift to Green River as well as purchasing land on a brownfields site in an area administered by the State of Utah.

The aim is to now extend the depth of the well which intersected the Leadville Limestone at a depth of 9,155 ft.

Targets will be the highly porous horizons which have resulted due to the geological structures in the region, including the Ten Mile Graben that passes east-west through the Green River Lithium Project BLM claims – and may act as a pathway for lithium-enriched brine.

Other works planned in the near-term include flow/pump tests to determine hydrological properties of the brine aquifer.

This article was developed in collaboration with Anson Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.