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Pure Energy Minerals Ltd (2)
Symbol PE
Shares Issued 66,226,056
Close 2016-11-16 C$ 0.53
Market Cap C$ 35,099,810
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Pure Energy starts drilling CV-7 borehole at Clayton

2016-11-17 08:42 ET - News Release

Mr. Patrick Highsmith reports

PURE ENERGY MINERALS COMMENCES DRILLING NEW LITHIUM BRINE EXPLORATION BOREHOLE AT CLAYTON VALLEY SOUTH PROJECT, NEVADA

Pure Energy Minerals Ltd. has commenced drilling its newest exploration borehole, CV-7, on the Clayton Valley South project. Pure Energy has all necessary permits and government permissions in hand to commence work, and the company's drilling contractor has already completed collaring of the borehole. All ancillary works are in place to immediately commence rotary coring of the basin-fill sediments. CV-7 is located approximately 1.75 kilometres (1.1 miles) southwest of the recently drilled CV-3 well.

The technical team selected the drill site based on a detailed review of various technical data in three dimensions, including previously conducted gravity and seismic reflection geophysical surveys as well as new subsurface data from the CV-3 well. Based on recent successful drilling and aquifer testing at CV-3, the company expects this borehole to target depths of approximately 450 to 610 metres (1,500 to 2,000 feet) below ground level. Successful drilling of this hole should yield the deepest continuous core samples yet obtained from the CVS project. Once completed to target depth, the company expects to collect new brine samples for lithium analysis and integrate those data into its existing inferred lithium brine resource.

Patrick Highsmith, Pure Energy Minerals chief executive officer, commented: "The best way to grow a lithium brine resource is to identify quality targets and keep drilling. We are excited to see the results of CV-7 as we are targeting high-quality geophysical and geological targets just south of our best drill hole to date, CV-3. We also expect to collar CV-8 in the very near future as we wind down the phase 3 drill program. The technical team has worked very closely on these drill holes and we look forward to the results."

Mr. Highsmith, certified professional geologist (AIPG CPG No. 11702), is a qualified person as defined by National Instrument 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Highsmith is not independent of the company as he is an officer and director.

About Pure Energy Minerals

Pure Energy is a lithium-brine resource developer that is driven to become the lowest-cost lithium supplier for the burgeoning North American lithium battery industry. Pure Energy is currently focused on the development of its prospective CVS lithium brine project.

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