Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Ion Energy poised to start drilling and for more geophysics at flagship Mongolia project in coming quarter

% of readers think this story is Fact. Add your two cents.

Ion Energy Ltd (CVE:ION) (OTCQB:IONGF) (FRA:5YB) has revealed that an expanded exploration program at its flagship Baavhai Uul lithium salar project in Mongolia will start in the coming quarter – the first drilling for lithium salars ever in the Asian country.

It comes after an initial seismic survey has been completed with ‘encouraging’ early results and the exploration is fully funded after a C$5.75 million placing was successfully completed last month.

The work will include drilling 21 holes through prospective basins, while sampling of sediments and aquifers will be completed during the drilling phase, said ION Energy.

READ: Ion Energy completes public offering of 11,500,000 units at a price of $0.50 each for aggregate gross proceeds of $5,750,000

In addition, exploration will also begin at the company’s recently acquired 100% owned Urgakh Naran Lithium salar project with drilling and geophysics planned.

This work will cover five salars located in the central part of the Urgakh Naran basin. The basin is centered on an area that is six kilometres (km) wide and more than 20 km long.

“On the back of the recently completed private placement, the company has no financing overhang and with a successful start to early exploration efforts, expects to deploy more than double the earlier anticipated resources to aggressively explore its highly prospective Mongolian lithium salar projects,” said Ali Haji, CEO of ION Energy in a statement.

ION’s flagship, 81,000 plus hectare Baavhai Uul lithium brine project, represents the largest and first lithium brine exploration licence award in Mongolia.

The firm also holds the 29,000 plus hectare Urgakh Naran highly prospective Lithium Brine licence in Dorngovi Province in Mongolia.

Contact the author at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.