Pure Energy Minerals Limited (the "Company" or "Pure Energy") is pleased to provide the following exploration update. The Company has successfully drilled and completed the installation for a test-production well in CV-1 at the Company's Clayton Valley, Nevada lithium brine project.
The existing exploration borehole CV-1 was drilled in September and October 2014 and demonstrated lithium-bearing brines from approximately 140 m depth to the total depth of the borehole at 274 m. Samples of the brine taken from the borehole showed lithium concentrations of 264 ppm, and recent downhole geophysical work refined the understanding of the brine-bearing horizons in the CV-1 borehole. Subsequent to this, the Company's Operator, GeoXplor Corp., mobilized Harris Exploration Drilling to the Clayton Valley site to ream and widen this borehole so that it can be used as a test-production well.
Pure Energy is pleased to announce that this work has been successfully completed, and consisted of re-drilling the borehole to 275 m depth and widening the borehole to 36 cm (14"). A 21 cm (8") diameter steel test-production well has been installed into the borehole with the screened zones aligned with the known lithium brine-bearing horizons. A high-capacity electric submersible pump will be installed to perform pumping tests to measure key aquifer parameters at flow rates similar to likely production rates. This is an important piece of information that will be used to help determine the size and viability of the lithium-brine resources beneath Pure's claim area.
The company anticipates Harris Exploration drilling will be mobilized to begin the drilling of the CV-2 this week.
About Pure Energy:
Pure Energy is an integrated lithium mining and processing developer with a focus on green 'cradle to cradle' lifecycle solutions for lithium supply in North America. Pure Energy is currently focused on the advancement of our Clayton Valley Lithium Brine Project, located in Esmerelda County, Nevada.
On behalf of the Board of Directors
Chief Executive Officer
Gerhard Jacob, a director of Pure Energy, and competent and qualified person under NI 43-101, has reviewed and approved the scientific and technical information in this press release.