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Pure Energy Minerals Announces New Results From Geophysical Exploration at Clayton Valley Lithium Project
DENVER, Oct. 31, 2017 (GLOBE NEWSWIRE) -- Pure Energy Minerals Limited (TSX-V:PE) (OTCQB:PEMIF) (the “Company” or “Pure Energy”) is pleased to announce results
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"DENVER, Oct. 31, 2017 (GLOBE NEWSWIRE) -- Pure Energy Minerals Limited (TSX-V:PE) (OTCQB:PEMIF) (the “Company” or “Pure Energy”) is pleased to announce results from the latest phase of geophysical exploration at its Clayton Valley Project (“CV Project” or “the Project”) located in Esmeralda County, Nevada. Preliminary reviews of the geophysical data show zones of low electrical resistivity from near the surface to depths up to 1,000 meters that may indicate the presence of lithium bearing brine in new target areas. Results from the new geophysical survey combined with existing geophysical, geochemical, and geological data will be used to select targets for an upcoming drilling program. The geophysical exploration program at the CV Project consisted of a Hybrid Source Audio-Magnetotellurics (HSAMT) survey that covered portions of the South Valley, including part of the Company’s inferred lithium brine resource, and the North Valley, which has seen very limited exploration. The objectives of the HSAMT survey were to: define the extent of conductors that may represent lithium-bearing brine units; map the continuity, thickness, dip, and extent of potential brine-hosting units; and identify drill targets or additional data needed prior to drilling. HSAMT data were acquired at 85 stations located along five transects illustrated in Figure 1. Hasbrouck Geophysics, a firm with extensive experience in Clayton Valley and other southwestern US evaporite basins, performed the work under contract to Pure Energy. The HSAMT method is a relatively new adaptation of Controlled Source Audio-Magnetotellurics (CSAMT), which is commonly used in the mineral exploration industry. It determines the electrical resistivity distribution underground by measuring time-dependent variations of the earth’s natural electrical and magnetic fields, as well as the electrical and magnetic fields resulting from high frequency induced waves. The resistivity information can be used to evaluate subsurface geologic and hydrogeologic conditions and geologic structure. The Company previously conducted limited HSAMT surveys over the existing inferred lithium brine resource in order to calibrate the technology for this survey over the newly expanded land position. One emphasis of the HSAMT survey was to link areas of known lithium brine with untested areas. The surveys...