Subscribe
Be the first with the news that moves the market- ION Energy (ION ) has updated its 100-percent-owned Urgakh Naran project
- The company said water well drilling at hole UNWH-03 has been completed to a depth of 300 metres
- ION’s team has also deployed additional hydrogeological testing equipment, Solinst pumps and bailers
- Shares of ION Energy are down 6.45 per cent to C$0.29
ION Energy (TSXV:ION) has updated on its 100 per cent owned Urgakh Naran project.
The company said that water well drilling at hole UNWH-03 has been completed to a depth of 300 metres with a six-inch tricone bit, four-inch steel slotted pipes and gravel packed.
“Our team is very excited by progress that has already been made: completing UNWH-03’s water well drilling at 300m,” Ali Haji, CEO of ION Energy, said in a release. “Being able to mobilize additional equipment to the site not only ensures that sampling for analysis will commence in the coming weeks, but emphasizes that ION is advancing toward inferred resource calculations at our highly-encouraging Urgakh Naran project.”
ION Energy said its team has now deployed the Solinst pumps, bailers and other hydro geological testing equipment on site in order to ensure brine samples will be collected from its water wells.
Brine samples are expected to be collected from its three water wells for analysis in the next week.
Shares of ION Energy (ION) are down 6.45 per cent to C$0.29.
