Pure Energy Minerals Completes Successful Lithium Brine Pumping Test at Clayton Valley South Project, Nevada
October 12 2016 - 7:30AM
Pure Energy Minerals Limited (TSX VENTURE:PE) (FRANKFURT:A111EG)
(OTCQB:PEMIF) (the “Company” or “Pure Energy”) is pleased to
announce that it has completed a constant-rate pumping test at its
newest borehole, CV-3. The test ran continuously for approximately
two days and included collection of brine samples along with
extensive hydrological data on the aquifers. The pumping test was
designed and supervised by Pure Energy’s specialist hydrogeological
consultants, Montgomery & Associates (“Montgomery”). This
successful test of CV-3 provided invaluable additional data for
Pure Energy’s technical team to advance and refine its
understanding of the Clayton Valley South (CVS) lithium resource.
The technical data from this test will be integrated into the
forthcoming Preliminary Economic Assessment (PEA).
The pumping test was configured using an electric submersible
pump and monitoring apparatus in CV-3 and monitoring apparatus
installed in CV-1, approximately 200 meters away. The test ran at a
constant rate of 69 gallons per minute (4.4 liters per second) for
its duration. The hydrogeologists collected approximately 23
separate brine samples for lithium analysis over the 46-hour
pumping period. Monitoring revealed that the extracted brine from
CV-3 demonstrated near steady-state elevated fluid conductivity and
fluid density, comparable to that measured during discrete sampling
of CV-3. This suggests the production of consistent lithium brine
during the pumping test.
Patrick Highsmith, Pure Energy Minerals CEO commented, “This
successful pumping test is another important milestone, advancing
our exploration and development program towards a PEA. Dr. Andy
Robinson and the Montgomery team have delivered a carefully
designed and executed pumping test that will provide a number of
the important parameters to be used in the design of a well field.
This work is one more example of the professionalism of our team
and our focus on building value in Clayton Valley.”
This pumping test was performed in accordance with a State of
Nevada mineral exploration waiver and a permit issued to Pure
Energy by the Nevada Division of Water Resources and the Nevada
Division of Environmental Protection, which authorize the temporary
extraction of brine from the well and subsequent discharge to
surface. The mineral exploration waiver and discharge permit
provide authorization from the State of Nevada for Pure Energy to
conduct the described lithium exploration activities for the CVS
Project.
Daniel Weber, P.G. (SME Registered Member 4064243) from
Montgomery & Associates, who is an “Independent Qualified
Person” as such term is defined under NI 43-101 – Standards of
Disclosure for Mineral Projects, has reviewed and verified the
scientific and technical information contained in this news
release.
About Pure Energy Minerals Ltd.Pure Energy is a
lithium-brine resource developer that is driven to become the
lowest-cost lithium supplier for the burgeoning North American
lithium battery industry. Pure Energy is currently focused on
the development of our prospective CVS Lithium Brine Project, which
has the following key attributes:
- A large land position with excellent existing infrastructure in
a first-class mining jurisdiction: Approximately 9,544 acres in
three main claim groups in the southern half of Clayton Valley,
Esmeralda County, Nevada;
- Adjacent to the only producing lithium operation in the United
States (Albemarle’s Silver Peak lithium brine mine);
- An inferred mineral resource of 816,000 metric tonnes of
Lithium Carbonate Equivalent (LCE), reported in accordance with NI
43-101;
- Metallurgical and process studies underway to better understand
the feasibility and economics of using modern
environmentally-responsible processing technology to convert the
CVS brines into high purity lithium products for new energy storage
uses.
On behalf of the Board of Directors, “Patrick Highsmith” Chief
Executive Officer
Forward Looking Statements: The information in this news release
contains forward looking statements that are subject to a number of
known and unknown risks, uncertainties and other factors that may
cause actual results to differ materially from those anticipated in
our forward looking statements. Factors that could cause such
differences include: changes in world commodity markets, equity
markets, costs and supply of materials relevant to the mining
industry, change in government and changes to regulations affecting
the mining industry. Forward-looking statements in this release may
include statements regarding mineral processing, adaptation of test
work to larger scale and/or future operational scales, estimates of
reduced future capital and operating expenses, delivery of a
preliminary economic assessment, future exploration programs,
operation plans, geological interpretations, and mineral tenure
issues. Although we believe the expectations reflected in our
forward looking statements are reasonable, results may vary, and we
cannot guarantee future results, levels of activity, performance or
achievements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release
CONTACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: info@pureenergyminerals.com
Telephone – 604 608 6611, ext 5
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