Truth machine gets permit
Pure Energy receives BLM permit for Clayton drilling
2015-11-09 09:20 ET - News Release
Mr. Robert Mintak reports
PURE ENERGY TO LAUNCH SECOND DRILL CAMPAIGN AT CLAYTON VALLEY SOUTH
Pure Energy Minerals Ltd. has received, through its project operator GeoXplor Corp., a notice of intent work permit from the Bureau of Land Management for the upcoming phase two exploration drilling program at its Clayton Valley South (CVS) lithium brine project, located near Silver Peak, Nev. The Company is permitted to drill three new wells that will target potential lithium brine bearing formations identified from the 2015 seismic reflection survey. The Company expects to drill these wells to depths of up to 500 meters. With the recent exercise of warrants, the Company is fully funded for this phase of exploration drilling to further delineate and expand upon its recently reported inferred resource (See Company news release dated July 28, 2015).
Pure Energy Minerals CEO, Robert Mintak commented, "We are pleased to have permits in hand for the next phase of drilling at CVS. We have begun mobilizing equipment and drill crews to the project in anticipation of collaring our first new well later this month. We look forward to integrating the results from these new wells into our existing lithium brine resources. We also expect to expand this phase of exploration through Q1 2016 by testing additional priority targets derived from our 2015 program."
Look forward to further updates from the Project as field activity is initiated.
Qualified Person and Quality Control/Quality Assurance:
Gerhard Jacob, P.Geo, EFG (European Geologist), 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. Jacob, P.Geo is not independent of the Company as he is a director.
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