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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 May 29, 2015 9:07am
76 Views
Post# 23777234

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VANCOUVER, BC / ACCESSWIRE / May 28, 2015 / 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 https://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). 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".
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