VANCOUVER, BC–(Marketwired – April 28, 2015) – Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT: A111EG) (OTC: HMGLF) (the “Company” or “Pure Energy”) is pleased to report it has now completed its initial 2015 drill program at its Lithium Brine Project in Clayton Valley, Nevada.
As reported in a previous news release (https://www.pureenergyminerals.com/pure-energy-completes-successful-drilling-and-initiates-lithium-brine-pump-testing-program/) the Company successfully drilled and completed the installation of its test production well CV-1 to a total measured depth of 275 m (900 feet).
The Company through its operator, GeoXplor Corp., has now successfully drilled the CV-2 exploration well to a total depth of 296 m (970 feet). CV-2 is located 1 km to the south of the Company’s CV-1 drill hole. On site observations confirmed that brine-like fluids were intersected from 198 m (650 feet) depth to total depth at 295 m (970 feet), resulting in a minimum intersected interval of approximately 100 m. These fluids are very likely present within the same brine-bearing horizon which was identified in CV-1, from 140 –275 m depth.
Robert Mintak, CEO of Pure Energy commented “Our team is extremely pleased about the 100% drilling success rate. We are very encouraged by the results from these test wells, as it confirms the lateral continuity of a pervasive mineralization zone that potentially extends even deeper beneath our exploration area.”
Data collected from this exploration program will be used to support an Inferred Resource estimate (NI 43-101 compliant) that is being written for the lithium brines present beneath Pure’s Clayton Valley prospects.