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Thursday, 10/15/2020 5:09:52 PM

Thursday, October 15, 2020 5:09:52 PM

Post# of 923
Well Construction and Sampling

CV-9 is located near Pure Energy's previously-drilled exploration wells CV-1 and CV-3, within the northern sector of the property. The CV-9 well was permitted and is covered under the Finite Term water permit granted to Pure Energy by the Nevada Division of Water Resources ("NDWR") in January of 2019.

The CV-9 well was drilled in two stages, using HQ-diameter diamond coring methods followed by mud rotary methods to a depth of 454 m (1,500 ft). The 8-inch diameter well was constructed to be suitable for brine production with a screened interval from 189 m to 451 m (620 ft to 1,480 ft) below ground surface. The geological host sedimentary units encountered in CV-9 core are similar to those logged and sampled in previous exploration holes drilled by the Company (see news release of July 28, 2020).

This work was performed in accordance with permits issued to Pure Energy and Schlumberger by the United States Bureau of Land Management, NDWR, and the Nevada Division of Environmental Protection, which allowed for well construction, pumping of brine from CV-9 and collection of brine samples.

https://stockhouse.com/news/press-releases/2020/10/14/pure-energy-reports-analytical-results-from-well-cv-9-at-clayton-valley-lithium

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