Business
Pure Energy Provides Corporate Update
VANCOUVER , Sept. 3, 2013 /CNW/ - Pure Energy Minerals Limited (TSXV: PE)(" Pure Energ...
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"\n\n\nVANCOUVER, Sept. 3, 2013 /CNW/ - Pure Energy Minerals Limited (TSXV:\n PE)(\"Pure Energy\" or the \"Company\") is pleased to provide an update for our Alkali Flats Lithium Brine\n Project (\"AF Claims\" or \"AF Project\"), located in Esmeralda County Nevada.\n\n\nThe Company's management would like to take this opportunity to provide\n an update on our current status and plans leading up to the year end of\n 2013. Despite challenging times in the global capital markets, and in\n particular the mining sector, we have remained busy advancing our AF\n Project.\n\n\nThe Company has received approval from U.S. Bureau of Land Management (\"USBLM\") for its initial drilling program on the AF Project. The Notice of\n Intent to conduct exploration drilling was submitted to USBLM on\n February 19, 2013 and approved on March 11, 2013. The initial\n exploration well is designed to test specific targets identified by the\n geophysical surveys. Based on the success in finding brine aquifers and\n anomalous lithium contents, additional exploration including reflective\n seismic and further drilling is planned to expand on the information\n about hydrogeology and lithium mineralization that might be discovered.\n\n\nThe Company is pleased to announce it has paid its annual USBLM\n maintenance fees for its AF Claims; the Company has also optimized its\n claim holdings to significantly reduce its maintenance fee costs while\n retaining all claims representing planned drilling targets and all\n areas of significant exploration interest. The new property holdings\n now consist of 2,240 acres, 4 claims of 160 acres, 24 claims of 40\n acres and 16 claims of 40 acres. Additionally, the Company has made all\n required payments to GeoXplor Corp. in accordance with the option\n agreement with GeoXplor Corp. on the AF Claims.\n\n\nUpdate on Project Financing\n\n\nThe Company has had numerous parties review its AF Project and have had\n extensive due diligence discussions with Company management and the\n Advisory Committee.\n\n\nDespite the difficult financing climate facing the global junior\n resource sector, the Company is pleased to report that it has generated\n strong and continuing interest from a number of potential partners\n (based in Asia and our previously announced relationship with Pathion,\n Inc.) that are in various stages ...