VANCOUVER, BC--(Marketwired - Nov 9, 2015) - Pure Energy Minerals Limited (
Pure Energy Minerals CEO, Robert Mintak commented, "We are pleased to have permits in hand for the next phase of drilling at CVS. We have begun mobilizing equipment and drill crews to the project in anticipation of collaring our first new well later this month. We look forward to integrating the results from these new wells into our existing lithium brine resources. We also expect to expand this phase of exploration through Q1 2016 by testing additional priority targets derived from our 2015 program."
Look forward to further updates from the Project as field activity is initiated.
Qualified Person and Quality Control/Quality Assurance:
Gerhard Jacob, P.Geo, EFG (European Geologist), is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Jacob, P.Geo is not independent of the Company as he is a director.
About Pure Energy:
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 Clayton Valley South ("CVS") Lithium Brine Project, which has the following key attributes:
- A large land position with excellent infrastructure in a first-class mining jurisdiction: Approximately 9,324 acres in three main claim groups in the southern half of Clayton Valley, Esmerelda County, Nevada
- Adjacent to the only producing lithium operation in the United States (Albermarle'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
- Preliminary economic studies underway to better understand the feasibility of modern environmentally responsible processing techniques to convert the CVS brines into high purity lithium products for new energy storage uses
On behalf of the Board of Directors
"Robert Mintak"
Chief Executive Officer
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.
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Contact Information:
CONTACT:
Pure Energy Minerals Limited
www.pureenergyminerals.com
info@pureenergyminerals.com
Phone - 604 608 6611 ext 5