Pure Energy Minerals Limited Provides Update on Nevada Exploration Program
July 24, 2014 (Source: Accesswire) — Pure Energy Minerals Limited (TSXV-PE) (TSX VENTURE: PE) (“Pure Energy” or “the Company”) is pleased to provide the following update on the regional exploration program at the Company’s Lithium brine project (the “Project”) in Esmeralda County Nevada. The Project is located in the Clayton Valley region and consists of two placer mineral claim blocks, the 5,000 acre CV/DB property is located contiguous and to the south east of Rockwood Lithium’s producing Silver Peak mine, and the 2,000 acre AF property located approximately 10 miles to the east.
On June 24th, 2014 the Company announced a Notice of Intent to conduct exploration drilling approval by the U.S. Bureau of Land Management (the “BLM”) was received by the Company’s operator GeoXplor Corp. for the 5,000 acre CV/DB claims. The permit provides for the drilling of one reverse circulation drill hole ranging in depth of 1,000 feet. A historical exploration drill target has been identified and will be twinned. Site preparation and mobilization is now underway for the exploration program. Extensive well brine sampling and geo-hydrological surveys will be conducted in conjunction with this drilling along with analysis of historical data with the goal of proving up historical data. Additionally bulk samples from this exploration program will be used to evaluate new evaporation and processing technologies for lithium recovery currently under review by Pure Energy.
On April 2nd, 2013 the Company announced a Notice of Intent to conduct exploration drilling was received by the Company’s operator GeoXplor Corp. for the 2,000 acre AF claims. Site preparation is currently underway, an initial exploration well is planned to test a specific target identified by detailed geophysical surveys conducted on the property. Based on success in finding brine aquifers and anomalous lithium contents, additional geophysical surveys and further drilling may be planned to expand on the information about hydrogeology and lithium mineralization that might be discovered. It is anticipated that this phase of drilling will commence subsequent to the CV/DB drill program.
As part of its overall development strategy for the Clayton Valley region, the Company recently hosted a due diligence site visit with senior executive members of two previously announced potential strategic partners. In conjunction with the site visit the Company and its delegation meet with members of the Nevada Governor’s Office for Economic Development. The purpose of the meeting was to highlight the State’s robust mining industry, extensive infrastructure, and the State’s focus on stimulating and attracting economic development. For further information on this trip and other related lithium sector news please visit the Company’s website.
Gerhard Jacob, a Qualified Person under NI 43-101, has reviewed and approved the scientific and technical information in this press release.
Further updates on the projects will follow as they develop.
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PURE (TSX VENTURE: PE) is an innovative hybrid lithium exploration and processing technology company based in Vancouver, British Columbia. PURE is engaged in the exploration and development of innovative environmentally friendly mineral processing technologies to test and develop in conjunction with the Company’s prospective lithium brine properties located in Esmeralda County Nevada.
On behalf of the Board of Directors
Chief Executive Officer
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>