Federal Permit Received For Next Phase Of Drilling At Clayton Valley South

 

VANCOUVER - Pure Energy Minerals Limited has received, through its project operator GeoXplor Corp, an amended Notice of Intent work permit from the Bureau of Land Management for the next phase of exploration drilling at its Clayton Valley South (CVS) Lithium Brine Project, located near Silver Peak, Nevada. This amendment permits the Company to drill one new well that will target potential lithium brine bearing formations identified from previous phases of exploration. The Company expects to drill the well to a depth of up to 500 meters. With cash on hand and the ongoing exercise of warrants, the Company is fully funded for this phase of exploration drilling to further delineate and expand upon its inferred mineral resource, reported in July of 2015.

Patrick Highsmith, Pure Energy Minerals CEO commented, "We are pleased to have amended permits in hand for the next phase of drilling at Clayton Valley. We have begun mobilizing equipment and drill crews to the project in anticipation of commencing drilling activities in the coming days. We look forward not only to integrating the results from this new well into our existing lithium brine resource, but also to use the well as part of a monitoring network for longer-term pumping tests in the near future. This expanded drill program and the upcoming pumping tests are key building blocks of the PEA that we plan to deliver this summer."