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EMP Metals Corp C.EMPS

Alternate Symbol(s):  EMPPF

EMP Metals Corp. is a Canada-based lithium exploration and development company focused on large scale resources using direct lithium extraction (DLE). The Company, through its partnership with ROK Resources Inc., holds 196,000 net (79,300 hectares) acres of subsurface dispositions and strategic wellbores in Southern Saskatchewan. Its Mansur Permit Area, Tyvan Permit Area and View field Permit Area cover an area extending 40 miles north and 40 miles east of the City of Weyburn. The Company is focused on the exploration and development of its highly prospective lithium brine properties (the Li-Brine Properties). In the Mansur property region, the Duperow formation has tested up to 190mg/l in the offsetting 141/14-12-7-11W2 well. The Company also has 101/14-36-008-13 W2M and 141/08-03-009-13 W2M (Second Test Well) wellbores, which are in the Mansur Permit Area of southeast Saskatchewan.


CSE:EMPS - Post by User

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Post by 1StockInformeron Aug 28, 2024 7:17pm
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Post# 36200335

EMPS.c Advances Lithium Exploration with Well Completion

EMPS.c Advances Lithium Exploration with Well Completion

Yesterday, EMP Metals Corp. (Ticker: EMPS.c or EMPPF for US investors), a Canadian-based lithium exploration and development company focused on large-scale resources using direct lithium extraction (DLE), has announced significant progress in its summer drilling program at the Viewfield project in Saskatchewan. 

r/Wallstreetbetsnew - EMP Metals (EMPS.c) Advances Lithium Exploration with Successful Vertical Well Completion and Groundbreaking Horizontal Drilling at Viewfield Project

EMPS has successfully completed its first vertical test well, designed to confirm lithium concentrations and define reservoir characteristics in the northern part of the Viewfield area. This achievement marks a crucial step in EMP Metals' efforts to expand its resource base in the region.

The vertical well produced approximately 72 meters of core, essential for analyzing formation permeability and porosity. Brine sampling from multiple isolated zones within the Duperow formation is currently underway, and core samples have been sent to a laboratory in Calgary for detailed analysis, with full results expected within two months.

The data obtained from the core samples and brine analysis will play a vital role in supporting the company’s geological model and correlating results across its substantial land base, which includes 196,000 net acres of Subsurface Dispositions and strategic wellbores in Southern Saskatchewan.

In addition to the vertical well, EMP Metals has initiated drilling on a horizontal well targeting the project's Duperow formation. This well represents a pioneering effort in lithium brine extraction, as it is believed to be the first horizontal well drilled for this purpose in Saskatchewan and potentially the first in North America or globally. 

The horizontal well is designed with two parallel one-mile horizontal legs within a high-concentration zone, aiming for an initial flow rate of approximately 1,000 cubic meters per day from a single zone. The design also allows for extended flow testing and pressure monitoring.

Paul Schubach, COO of EMP Metals, expressed excitement about the potential of horizontal drilling techniques for lithium brine extraction, noting that this method could significantly optimize lithium recovery, control concentration, and increase flow rates compared to vertical wells.

The company anticipates completing the drilling of the horizontal well within the next seven days, with site preparation for flow testing to follow. Initial results from the vertical well brine sampling are expected in the coming weeks, with further updates to be provided as additional data becomes available.

Full news here: 

https://empmetals.com/emp-metals-completes-8-24-vertical-well-and-commences-4-23-horizontal-well-in-southeast-saskatchewan/

Posted on behalf of EMP Metals Corp.

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