PURE Energy Minerals Completes Phase 3 Drill Program at Clayton Valley South Project , NEV Ada CV-‐‑8 Exceeds Target Depth to over 3,000 Feet
PURE ENERGY MINERALS COMPLETES PHASE 3 DRILL PROGRAM
AT CLAYTON VALLEY SOUTH PROJECT , NEV ADA
CV-‐‑8 EXCEEDS TARGET DEPTH TO OVER 3,000 FEET
VANCOUVER, BC – (07 Feb., 2017) – Pure Energy Minerals Limited (TSX VENTURE: PE) (FRANKFURT:
A111EG) (OTCQB: PEMIF) (the “Company” or “Pure Energy”) is pleased to announce that exploration
borehole CV-‐‑8 has been successfully drilled to a total depth of 3,194 ft (974 m) below ground level at its
Clayton Valley South (“CVS”) Lithium Brine Project, near Silver Peak, Nevada (the “Project”). Boart Longyear
completed the initial borehole using a variety of techniques, but employed HQ diamond core drilling from
approximately 528 ft (161 m) to final depth at 3,194 ft (974 m). Core recovery was generally excellent
(averaging more than 90%) down to a depth of approximately 2,630 ft (802 m), where core recovery
decreased when the lithology changed to a much coarser grained unit. The drillers are currently reaming
the borehole to a larger diameter of 9.75 in (25 cm) to allow for installation of temporary well casing.
Hydrogeologists collected multiple representative sections of core from potential aquifers for testing of
physical and hydrogeological properties at accredited laboratories. The team has also conducted
preliminary downhole well logging to assess various formational properties before proceeding with well
construction. Initial observations of formational conductivity, lithology, and porosity, are encouraging and
consistent with other productive lithium-‐‑brine exploration boreholes drilled on the Project.
Based on the favorable geology and preliminary indications of brine hosting potential, Pure Energy has
elected to convert the borehole into a temporary lithium exploration well. After the temporary well casing
is installed and well development is complete (using air-‐‑lifting to remove drilling fluids from the well), the
Company expects to conduct additional detailed downhole geophysical logs to fully investigate fluid and
geological properties. Detailed sampling of brine from the well will follow, along with pumping tests, since
all necessary authorizations from the State are already in hand. These results are expected in mid to late
February. The upcoming Preliminary Economic Assessment (PEA) will include a full discussion and
interpretation of the data from CV-‐‑8.
Patrick Highsmith, Pure Energy Minerals CEO commented, “Our phase 3 drilling program at the CVS Project
is finishing strong with what we believe will be the deepest well yet drilled in Clayton Valley. Not only have we
improved our understanding of the basal geology of the basin, but we have also added an important data point
on the western side of the resource. As we complete the upcoming geophysical logs and pumping tests, the
team will deliver a lot of valuable new information from CV-‐‑7 and CV-‐‑8. We look forward to incorporating
these new data into the resource update and PEA.”
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Quality Assurance and Quality Control
Patrick Highsmith, Certified Professional Geologist (AIPG CPG # 11702), 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. Highsmith is not independent of the Company as he is an officer and
director.
About Pure Energy Minerals Ltd.
Pure Energy is a lithium resource developer that is driven to become a low-‐‑cost supplier for the burgeoning
lithium battery industry. The Company is currently focused on the development of the CVS Lithium Brine
Project and the adjoining Glory Lithium Clay Project in Clayton Valley, Nevada. Pure Energy also recently
announced the acquisition the of a purchase option on a major new lithium brine project in the Lithium
Triangle of South America, the Terra Cotta Project (TCP). The TCP is located on Pocitos Salar in Salta,
Argentina, where it enjoys some of the best infrastructure and access of any lithium brine exploration
project in the country. Execution of the definitive agreement concerning the Terra Cotta purchase option is
expected during Q1 of 2017.
Pure Energy has developed core strengths in innovative development and processing technologies for
lithium brines and lithium mineral deposits. The Company’s key attributes and activities include:
• Generating positive results on a large land position with excellent infrastructure in a first-‐‑class
mining jurisdiction: approx. 11,000 acres in four main claim groups in Clayton Valley, Esmeralda
County, Nevada;
• The only lithium brine resource in North America except for its neighbor , which is the only
producing lithium operation in the United States (Albemarle’s Silver Peak lithium brine mine);
• An inferred mineral resource containing approximately 816,000 metric tonnes of Lithium
Carbonate Equivalent (LCE) at an average grade of approximately 102 mg/L lithium, reported in
accordance with NI 43-‐‑101 (see July 2015 Inferred Resource Report);
• An advanced program of testing the efficacy and economics of modern environmentally-‐‑responsible
processing technologies to convert the CVS brines into high purity lithium products for new energy
storage uses;
• A new early stage exploration program on the 13,000 hectare Terra Cotta Project (TCP), located on
Pocitos Salar in Salta Province; and
• An active business development program, applying its expertise to the evaluation of new lithium
targets around the world.
On behalf of the Board of Directors,
“Patrick Highsmith”
Chief Executive Officer
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CONTACT:
Pure Energy Minerals Limited (www.pureenergyminerals.com)
Email: [email protected]
Telephone – 604 608 6611, ext 5
Forward Looking Statements: The information in this news release contains forward looking statements
that are subject to a number of known and unknown risks, uncertainties and other factors that may cause
actual results to differ materially from those anticipated in our forward looking statements. Factors that
could cause such differences include: changes in world commodity markets, equity markets, costs and
supply of materials relevant to the mining industry, change in government and changes to regulations
affecting the mining industry. Forward-‐‑looking statements in this release may include statements
regarding mineral processing, adaptation of test work to larger scale and/or future operational scales,
estimates of reduced future capital and operating expenses, delivery of a preliminary economic assessment,
future exploration programs, operation plans, geological interpretations, and mineral tenure issues.
Although we believe the expectations reflected in our forward looking statements are reasonable, results
may vary, and we cannot guarantee future results, levels of activity, performance or achievements.
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