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Pure Energy Minerals Commences Drilling at the Clayton Valley Lithium Project
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Pure Energy Minerals Limited (...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"Pure Energy Minerals Commences Drilling at the Clayton Valley Lithium ProjectVancouver, British Columbia--(Newsfile Corp. - May 19, 2020) - Pure Energy Minerals Limited (TSXV: PE) (OTCQB: PEMIF) (the \"Company\" or \"Pure Energy\") is pleased to report that drilling of hole CV-09 has commenced at its 100%-held Clayton Valley lithium brine project (\"CV Project\") located in Esmeralda County, Nevada.Schlumberger Technologies Corporation (\"SLB\") is Pure Energy's strategic partner at Clayton Valley and is operator of the program. Drill hole CV-09 is a new, previously permitted hole which will provide initial lithium brine samples for chemical testing by SLB. In January 2019, Pure Energy received approval from the Nevada Department of Water Resources (\"NDWR\") for a 50 acre-foot Finite Term Water Right permit, which is sufficient for planned testing. The lithium-bearing brines identified at the Clayton Valley Project are of high quality with very low impurity levels. Pure Energy published a Preliminary Economic Assessment study (\"PEA\") for the CV Project (news releases of June 26, 2017 and April 6, 2018) which details the Project's drilling results, brine testing and resource calculation for a partial area of the CV project. In May of 2019, Pure Energy and SLB signed an Earn-In agreement over the CV Project which requires significant investment by SLB at the Project, to include the design and construction of a pilot plant capable of processing lithium-bearing brines for high-quality lithium hydroxide monohydrate (\"lithium hydroxide\" or \"LiOH∙H2O\") and/or lithium carbonate products at a specified rate. SLB plans to utilize both in-house and commercially available technology in the design of the CV pilot plant. SLB's costs, technical parameters and ultimate technology are anticipated to differ from the published PEA. For further details regarding SLB's participation, please refer to Pure Energy's Annual General and Special Meeting Management Information Circular dated April 4, 2019, available on Sedar.com. \"Pure Energy is excited that drilling is in progress at the Clayton Valley Project once again. Our partner, Schlumberger, is advancing the regulatory and technical aspects of the CV Project towards their objective of pilot plant construction and brine testing. We plan to make additional updates in the coming months,...