Pure Energy Completes Successful Drill Program at Lithium Brine Project, Clayton Valley, Nevada
April 29, 2015 (Source: Marketwired) — Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTC: HMGLF) (the “Company” or “Pure Energy”) is pleased to report it has now completed its initial 2015 drill program at its Lithium Brine Project in Clayton Valley, Nevada.
As reported previously (http://www.pureenergyminerals.com/pure-energy-completes-successful-drilling-and-initiates-lithium-brine-pump-testing-program/) the Company successfully drilled and completed the installation of its test production well CV-1 to a total measured depth of 275 m (900 feet).
The Company through its operator, GeoXplor Corp., has now successfully drilled the CV-2 exploration well to a total depth of 296 m (970 feet). CV-2 is located 1 km to the south of the Company’s CV-1 drill hole. On site observations confirmed that brine-like fluids were intersected from 198 m (650 feet) depth to total depth at 295 m (970 feet), resulting in a minimum intersected interval of approximately 100 m. These fluids are very likely present within the same brine-bearing horizon which was identified in CV-1, from 140 -275 m depth.
Robert Mintak, CEO of Pure Energy, commented, “Our team is extremely pleased about the 100% drilling success rate. We are very encouraged by the results from these test wells, as it confirms the lateral continuity of a pervasive mineralization zone that potentially extends even deeper beneath our exploration area.”
Data collected from this exploration program will be used to support an Inferred Resource estimate (NI 43-101 compliant) that is being written for the lithium brines present beneath Pure’s Clayton Valley prospects.
About Pure Energy:
Pure Energy is an integrated lithium mining and processing developer with a focus on green ‘cradle to cradle’ lifecycle solutions for lithium supply in North America. Pure Energy is currently focused on the advancement of our prospective Clayton Valley Lithium Brine Project, located in Esmeralda County, Nevada.
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On behalf of the Board of Directors
Chief Executive Officer
Gerhard Jacob, a director of Pure Energy, and competent and qualified person under NI 43-101, has reviewed and approved the scientific and technical information in this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>