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Why has Anson Resources Limited commenced drilling in Utah's Green River Project? Anson Resources Limited

Why has Anson Resources Limited commenced drilling in Utah's Green River Project?

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Anson Launches Key Lithium Drilling Program in Utah's Green River Project

Anson Resources Limited has initiated a pivotal JORC Mineral Resource drilling campaign at the Green River Lithium Project in Utah, USA. This move marks a significant step in defining the project's mineral resources, with drilling aimed at exploring the Mississippian Units and Clastic Zones for lithium-rich brines. Positioned adjacent to Anson's future Utah Sample Demonstration Plant and Visitor Centre, the drilling operation is a critical component of the company's strategy to establish a maiden JORC Mineral Resource.

Introduction to the Green River Lithium Project

Anson Resources Limited, listed under the ASX ticker ASN, announces the commencement of its drilling program at the Green River Lithium Project located in the Paradox Basin, southeastern Utah, USA. This drilling endeavor, named Bosydaba 1, is a cornerstone activity in Anson's comprehensive plan to delineate and quantify lithium resources within the project's boundaries.

Drilling Campaign Overview

The Bosydaba 1 well, drilled to a depth of approximately 3,292 meters (10,800 feet), aims to penetrate both the Clastic Zones and the Mississippian Units known for their supersaturated lithium brines. The project's strategic location, near the planned Utah Sample Demonstration Plant and the on-site Visitor Centre, underscores Anson's commitment to the project's development and operational efficiency.

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Objectives and Expectations

The primary goal of the drilling program is to collect core samples and brine from all evaporite layers within the project area. These samples are crucial for assessing key geological characteristics such as porosity and permeability, which are instrumental in estimating a maiden JORC Mineral Resource for the Green River Project. Anson anticipates completing the drilling within the current quarter, with results to be publicized upon availability.

Regulatory Milestones

Anson's Green River property has been granted a Conditional Use Permit (CUP) by the Green River City Planning & Zoning Commission. This permit facilitates not only exploration drilling but also mineral processing activities on the site, highlighting Anson's legal and environmental diligence in advancing the project.

Strategic Significance

The drilling program at Green River represents Anson's first new well in the region, signifying a major step forward in the company's lithium resource development strategy. The initiative not only aims to solidify Anson's resource base but also contributes to the broader lithium market, essential for the burgeoning electric vehicle and renewable energy sectors.

Anson Resources Limited's initiation of the JORC Mineral Resource drilling campaign at the Green River Lithium Project underscores the company's strategic vision and operational capabilities in the lithium sector. As the drilling progresses, stakeholders and the market at large eagerly await the results, which promise to enhance Anson's position in the global lithium supply chain.

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Shortnsalty @LykeShares
Berkshire is hoarding so. much. cash.
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Goldrush_Greg @LykeShares
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Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Stonksurfer42 @LykeShares
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Moonbagjack @LykeShares
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Tendies_Inbound @LykeShares
#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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