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Pure Energy Minerals Completes Phase 3 Drill Program at Clayton Valley South Project, Nevada CV-8 Exceeds Target Depth to Over 3,000 Feet
(via TheNewswire) VANCOUVER, BC / TheNewswire / 07 Feb., 2017 - Pure E...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"Pure Energy Minerals Completes Phase 3 Drill Program at Clayton Valley South Project, Nevada CV-8 Exceeds Target Depth to Over 3,000 Feet(via TheNewswire)\n \n \nVANCOUVER, BC / TheNewswire / 07 Feb., 2017 - Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTCQB: PEMIF) (the \"Company\" or \"Pure Energy\") is pleased to announce that exploration borehole CV-8 has been successfully drilled to a total depth of 3,194 ft (974 m) below ground level at its Clayton Valley South (\"CVS\") Lithium Brine Project, near Silver Peak, Nevada (the \"Project\"). Boart Longyear completed the initial borehole using a variety of techniques, but employed HQ diamond core drilling from approximately 528 ft (161 m) to final depth at 3,194 ft (974 m). Core recovery was generally excellent (averaging more than 90%) down to a depth of approximately 2,630 ft (802 m), where core recovery decreased when the lithology changed to a much coarser grained unit. The drillers are currently reaming the borehole to a larger diameter of 9.75 in (25 cm) to allow for installation of temporary well casing. \n\n\n \nHydrogeologists collected multiple representative sections of core from potential aquifers for testing of physical and hydrogeological properties at accredited laboratories. The team has also conducted preliminary downhole well logging to assess various formational properties before proceeding with well construction. Initial observations of formational conductivity, lithology, and porosity, are encouraging and consistent with other productive lithium-brine exploration boreholes drilled on the Project. \n\n\n \nBased on the favorable geology and preliminary indications of brine hosting potential, Pure Energy has elected to convert the borehole into a temporary lithium exploration well. After the temporary well casing is installed and well development is complete (using air-lifting to remove drilling fluids from the well), the Company expects to conduct additional detailed downhole geophysical logs to fully investigate fluid and geological properties. Detailed sampling of brine from the well will follow, along with pumping tests, since all necessary authorizations from the State are already in hand. These results are expected in mid to late February. The upcoming Preliminary Economic Assessment (PEA) will include a full discussion and interpr...