Pure Energy Minerals Ltd (PEMIF)

[DMOST]

DENVER, Oct. 31, 2017 (GLOBE NEWSWIRE)

Pure Energy Minerals Announces Positive New Results From Geophysical Exploration at Its Clayton Valley Lithium Project

DENVER, Oct. 31, 2017 (GLOBE NEWSWIRE) -- Pure Energy Minerals Limited (PE.V) (PEMIF) (the “Company” or “Pure Energy”) is pleased to announce results from the latest phase of geophysical exploration at its Clayton Valley Project (“CV Project” or “the Project”) located in Esmeralda County, Nevada. Preliminary reviews of the geophysical data show zones of low electrical resistivity from near the surface to depths up to 1,000 meters that may indicate the presence of lithium bearing brine in new target areas. Results from the new geophysical survey combined with existing geophysical, geochemical, and geological data will be used to select targets for an upcoming drilling program.......

Walter Weinig, Pure Energy’s Vice President of Projects and Permitting, commented “Results from this phase of geophysical work highlight some strong targets for further exploration. The low electrical resistivities at depth, to the west of our current resource, and in the previously unexplored North Valley illustrate the potential for discovery of additional lithium-rich brines in Clayton Valley. We look forward to launching the next phase of drilling during the Winter, in parallel with the engineering work on the Clayton Valley pilot plant.”
https://finance.yahoo.com/news/pure-energy-minerals-announces-positive-113000494.html

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