Pure Energy Reports Preliminary Results from Seismic Survey In Clayton Valley, Nevada
May 28, 2015 (Source: Accesswire) — Pure Energy Minerals Limited (TSX Venture: PE) (A111EG.F) (OTC: HMGLF) (the “Company” or “Pure Energy”) is pleased to report that it has received very positive preliminary results from the seismic survey completed at the Company’s Clayton Valley, Nevada lithium brine prospects.
The extremely high quality data collected during the recently completed seismic reflection survey (news release http://www.pureenergyminerals.com/pure-energy-commences-seismic-survey-of-clayton-valley-lithium-brine-prospects/) have now been processed and interpreted, and preliminary results have been made available to Pure Energy. The initial results show that the mineralized zone intersected in Pure Energy’s recent drilling campaign extends throughout Pure Energy’s entire claim area, from adjacent to the existing Silver Peak lithium operations, southwards to include the new placer claims recently acquired by Pure Energy. As suggested by the recent drilling work, the mineralized zone appears to extend deeper than the base of the existing exploration boreholes and maintains this thickness throughout almost the entire basin. The findings will be incorporated into the forthcoming Inferred Resource Assessment Report (NI 43-101 compliant).
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Robert Mintak, CEO of Pure Energy comments: “We are very pleased with the preliminary modeling results from the seismic survey of Clayton Valley. The extremely large amount of data, over one terabyte, collected from the array of 600 geophones that was used across 19.9 km of seismic reflection transect, provides an exceptional and unprecedented view into the basin underlying Pure Energy’s claims, and allows important insights into the location and extent of potential lithium-brine aquifers. In addition, these results will be vital in helping Pure Energy to identify future exploration drilling targets”.
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 8000 acre Clayton Valley Lithium Brine Project, located contiguous and to the southeast of the only producing lithium mine in the United States, Rockwood Lithium’s Silver Peak lithium brine mine.
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>