22:39:16 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Pure Energy Minerals Ltd (2)
Symbol PE
Shares Issued 66,226,056
Close 2016-11-25 C$ 0.55
Market Cap C$ 36,424,331
Recent Sedar Documents

Pure Energy samples up to 3,830 ppm Li2O at Glory

2016-11-28 08:26 ET - News Release

Mr. Patrick Highsmith reports

PURE ENERGY CONFIRMS HIGH LITHIUM VALUES IN CLAYSTONE SAMPLING PROGRAM ON GLORY CLAIMS, CLAYTON VALLEY, NEVADA

Pure Energy Minerals Ltd. has released results from its systematic rock sampling program with Cypress Development Corp. on the Glory claims in Clayton Valley, Nevada. Pure Energy and Cypress geologists collected approximately 240 rock samples on a nominal 100-metre (330-foot) grid covering much of the prospective sedimentary rocks on the property. In addition to confirming strong lithium values from previous Cypress sampling, the sampling program returned some of the highest lithium rock samples yet reported in Nevada. So far, sampling has extended the lithium-rich zone into a corridor covering more than three square kilometres. Selected highlights of the sampling program are included below:

  • Maximum lithium value in rock: 3,830 parts per million (0.82 per cent lithium oxide (Li2O));
  • Average lithium content: 689 ppm;
  • Extended corridor of high lithium to greater than three kilometres long by more than one km wide;
  • Nine samples containing more than 2,000 ppm Li (0.43 per cent Li2O);
  • 71 Samples containing more than 1,000 ppm Li (0.22 per cent Li2O);
  • Anomalous boron (B) and potassium (K) trends that correlate with the high Li values.

Company and Cypress geologists have also conducted the first geological mapping on the property. The dominant rock type hosting the high lithium is Tertiary claystone, likely belonging to the Esmeralda formation, which has been widely reported to host lithium associated with clays. Overlying the Tertiary sedimentary rocks is Quaternary-aged alluvial material that is sourced from older bedrock to the east. Mapping has determined that the younger alluvium covers portions of the lithium-rich Tertiary sediments, so the lithium-bearing sediments are likely to continue beneath the covering sediments.

Patrick Highsmith, Pure Energy Minerals chief executive officer, commented: "Our systematic sampling program with Cypress Development on the Glory claims has exceeded our expectations by discovering some of the highest-grade surface lithium in claystone that has been reported in Nevada. Traversing across the area, we can see that these lithium-rich rocks occur over a huge area. Since the dip is relatively flat, our geologists have also demonstrated that the lithium-bearing units continue beneath younger alluvial material. Based on our realization that there is potential for significant tonnage of high-lithium rocks on the property, we are excited to begin the next phase of work on extracting the lithium from these rocks."

Discussion of results

Pure Energy and Cypress designed the sampling grid to better understand and expand upon the areas of anomalous lithium identified in earlier sampling. The laboratory reported lithium plus more than 30 elements from a four-acid digestion and ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish, while also reporting boron and lithium from an aqua regia digestion. While prospecting and mapping activities generated some of the new data, the new grid is important because it systematically covers large areas of Tertiary outcrop. In most cases, geologists collected representative samples on nominal 100-metre spacing.

An image on the company's website shows a map of the resulting lithium geochemical data on the property. The area of Tertiary outcrop is consistently enriched in lithium, but younger Quaternary-aged sediments cover the prospective sediments and extend into the Clayton Valley basin to the west. The geologists collected a line of samples near the northern property boundary as the Tertiary sediments re-emerge from the Quaternary cover. These turned out to be some of the highest-grade lithium samples in the survey. The technical team interprets this northern area of highly enriched lithium to connect beneath the covering sediments with the large anomalous lithium areas farther south. The lithium potential also continues to the north, where Cypress controls the adjoining claim block. Including the Cypress sampling to the north, the corridor of high lithium in these Tertiary sediments is interpreted to extend for more than four kilometres.

Highly anomalous lithium occurs in all of the major rock types encountered on the property except for the conglomerate and gravel (Quaternary), but the abundant claystones consistently contain the highest lithium content. The map also includes an area of much older Paleozoic rocks that are not prospective for this type of lithium mineralization (dark areas in the upper middle of the map).

Quality assurance/quality control

The analytical results discussed in this release were reported by ALS Minerals laboratories. ALS Minerals maintains ISO/IEC 17025:2005 and ISO 9001:2008 certifications, provides clients with all internal quality control data, and maintains a library of detailed laboratory analytical methods required as the necessary documentation for National Instrument 43-101 reporting. In addition, the company's sampling program included a rigorous quality assurance protocol: analytical control samples, replicates and field duplicates.

Patrick Highsmith, certified professional geologist (AIPG CPG No. 11702), is a qualified person as defined by NI 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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.