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Pure Energy Minerals Ltd V.PE

Alternate Symbol(s):  PEMIF

Pure Energy Minerals Limited is a Canada-based lithium resource developer company, which is engaged in the acquisition, exploration and development of mineral properties. The Company's primary project is the Clayton Valley Project (CV Project), which is located in Clayton Valley, Esmeralda County, Nevada. The CV Project is located in central Esmeralda County, Nevada, approximately halfway between Las Vegas and Reno, Nevada, United States. The Clayton Valley Project contains an inferred mineral resource of approximately 218,000 tons of lithium carbonate equivalent (LCE). In addition, the Company is focused on new processing technologies for lithium through its collaboration with global technology partners, Tenova Advanced Technologies, at the process testing, engineering, and design stage on the Clayton Valley Project. The Company's subsidiaries include 0891884 B.C. Ltd., Esmeralda Minerals, LLC, 1056625 B.C. Ltd., 1061582 B.C. Ltd. and LT Capital Holdings, LLC.


TSXV:PE - Post by User

Bullboard Posts
Post by absentlooking64on Apr 13, 2015 9:27am
79 Views
Post# 23622520

update

update
Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: AHG) (the "Company" or "Pure Energy") is pleased to provide the following exploration update. The Company and their sub-contractor, Broadbent & Associates Inc. have successfully completed a series of pumping tests on Borehole CV-1 at the Company's Clayton Valley, Nevada lithium brine prospects. A high-capacity electric submersible pump was installed in CV-1 and was used to conduct a preliminary step-test that produced flow rates from 40 to 180 gallons per minute (gpm) or 2.5-11 litres/second. During this test, the maximum output of the pump was reached (180 gpm) and higher flow rates of lithium-bearing brine could have been produced. Following recovery, a long-term, constant-discharge test was performed in CV-1 at a rate of 150 gpm (9.5 litres/second) for a period of 8 hours. During this test, the brine level in CV1 reached a steady-state drawdown of 174' (53 m), demonstrating that higher production pumping rates of lithium-bearing brine are possible from this well. Data collected from these two successful pumping tests are being interpreted by hydrogeologists from BGC Engineering Inc. in Vancouver, and will be used to provide key input information for an Inferred Resource estimate (NI 43-101 compliant) that is being written for the lithium brines present beneath Pure's Clayton Valley prospects. Pure Energy CEO, Robert Mintak commented, "We are very pleased with the results from the pumping tests as they demonstrate constant flow with minimal draw down, an important milestone in confirming the productive potential of the Clayton Valley project."
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