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Pure Energy Minerals Commences Drilling Newest Lithium Brine Exploration Borehole at Clayton Valley South Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2016) - Pure Energy Minerals Limit...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"\nPure Energy Minerals Commences Drilling Newest Lithium Brine Exploration Borehole at Clayton Valley South Project, NevadaVancouver, British Columbia--(Newsfile Corp. - November 30, 2016) - Pure Energy Minerals Limited (TSXV: PE) (FSE: A111EG) (OTCQB: PEMIF) (the \"Company\" or \"Pure Energy\") is pleased to announce that it has commenced drilling its newest exploration borehole, CV-8, on the Clayton Valley South Project (\"CVS Project\"). This latest borehole is the final one in Pure Energy's current phase of exploration work, and Pure Energy has all necessary permits and government permissions in hand to commence work. Since this borehole is being drilled concurrently with CV-7, the Company has retained Boart Longyear as the drilling contractor for CV-8. Boart Longyear has completed collaring of the borehole, and all ancillary works are in place to immediately commence rotary coring of the basin-fill sediments. CV-8 is located approximately 1.8 km (1.1 miles) west-southwest of the recently completed CV-3 well. The Company is targeting depths of approximately 600 - 900 m (2,000-3,000 ft) below ground level for CV-8.CV-8 is in a highly prospective part of Pure Energy's claim package, targeting geophysical and stratigraphic features of interest in a very deep portion of the basin. If completed to its full target depth, the Company believes this would be the deepest lithium brine exploratory hole in the area. Upon successful completion of the borehole to target depth as a well, the Company expects to collect new brine samples for lithium analysis and integrate that data into its existing inferred lithium brine resource. At the conclusion of the Phase 3 drilling program, Pure Energy will have drilled a total of approximately 4.1 km (13,320 ft) of exploration boreholes across their claims. Patrick Highsmith, Pure Energy Minerals CEO commented, \"A second drill rig has arrived at the CVS Project and begun work on CV-8, the final drill hole in our phase 3 program. Our understanding of the CVS brines and their host sediments has improved markedly through 2016. The geophysics and hydrogeological interpretations suggest that familiar aquifers from CV-1 and CV3 await us in CV-8. We look forward to testing the hydrogeology in this area to new depths. Once the drilling is complete, we shall prepare an update to the resource that incorporat...