The mining sector has always been one of the most important sectors for investors, and every day millions of investors flock to the market to check out the latest events among mining companies. One of the mining companies to have come into focus today is Anson Resources Limited (OTC:ANSNF), which announced that it had continued its drilling activities at the Boysdaba #1 Well.
The company revealed that it had continued to drill the well after the cementing and casing work on the intermediate drilling section had been concluded up to a depth of 7500 feet. The well is located on a private property that was acquired not too long ago by the company at its Green River Lithium Project, situated in southern Utah’s Paradox Basin. The company noted that the drilling activities led to the intersection of salt layers as well as the classic zone at a depth of as much as 6188 feet.
The company announced in its press release that the classic zone that had been intersected at the well was made up of black shale, dolomite, anhydrite, and sandstone. The rate of penetration in the zone had been recorded at 60 feet per hour. It had also been revealed that had the classic zone been thick, it would provide the company with another technique by way of which it could identify them in conjunction with downhole geological logs.
The company also announced that the Green River Lithium Project contained a fair number of large geological structures, which led to advantageous attributes with respect to brine extraction. The large geological structures in question at the project include the Salt Wash Anticline, the Little Grand Wash Fault, the Ten Mile Graben, and the Green River Anticline. It remains to be seen if the company’s stock gets any attention today or not.
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