ION Energy Ltd. (TSX-V:ION, OTCQB:IONGF) told investors that water well drilling at UNWH-03, the third water well at its 100%-owned Urgakh Naran project in Mongolia, has now been completed to a depth of 300 meters (m), with a six-inch tricone bit, four-inch steel slotted pipes and gravel packed.
Updating the market on the progress of the water well drilling, Mongolia's first lithium brine explorer and developer said its team has now deployed the Solinst pumps, bailers and various hydrogeological testing equipment on site, to ensure that brine samples will be collected from the three water wells for analysis in the coming week.
"Our team is very excited by progress that has already been made: completing UNWH-03's water well drilling at 300m,” ION Energy CEO and director Ali Haji said in a statement.
READ: ION Energy restarts lithium brine drilling in Mongolia
“Being able to mobilize additional equipment to the site not only ensures that sampling for analysis will commence in the coming weeks, but emphasizes that ION is advancing toward inferred resource calculations at our highly-encouraging Urgakh Naran project,” he added.
Highlights include:
- UNWH-03 has been drilled to 300m;
- Additional hydrogeological testing equipment, Solinst pumps and bailers have been deployed to the Urgakh Naran site.
Toronto-based ION Energy is committed to exploring and developing Mongolia's lithium salars. The company’s flagship 81,000-hectare Baavhai Uul lithium brine project represents the largest and first lithium brine exploration licence award in Mongolia.
ION also holds the 29,000-hectare Urgakh Naran highly prospective Lithium Brine licence in Dorngovi Province in Mongolia.
The company is well-poised to be a key player in the clean energy revolution, positioned well to service the world's increased demand for lithium.
Contact the author at stephen.gunnion@proactiveinvestors.com