Anson Resources Ltd (ASX:ASN) is advancing towards drilling its lithium brine project located in the Paradox Basin, Utah, U.S.
SRK Consulting has validated re-entry of the historic Gold Bar Unit 2 well, and now Anson has submitted a Notice of Intent permit application with the U.S. Bureau of Land Management in Utah.
The Gold Bar Unit 2 well is within Anson’s lithium brine project, and has been previously drilled to a depth of 9,862 feet in search of oil.
The Clastic 31 Zone, targeted by Anson, which is known to contain supersaturated brines is located at 7,080 feet.
Historical brine analysis taken within 800 metres of the project produced results ranging from 500 ppm to 1,700 ppm lithium, comparable to the world's highest grades of lithium brine.
Paradox is located in a resources friendly jurisdiction and is an 11-hour drive to the Tesla Inc's (NASDAQ:TSLA) Gigafactory in the neighbouring state of Nevada.
Anson's portfolio also includes the Ajana Graphite Project and the Hooley Wells Nickel-Cobalt Laterite Project, which are both located in Western Australia.