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Pure Energy Minerals secures exploration drilling permit for Nev. lithium project

Pure Energy Minerals Ltd.said April 7 that it has received an amended notice of intent work permit from theBureau of Land Management for the next phase of exploration drilling at its lithiumbrine project in Nevada.

The company received the permit through project operator

The amendment permits the company to drill one new well that will targetpotential lithium brine-bearing formations identified from previous phases of exploration.

Pure Energy expects to drill the well to a depth of up to 500 meters.

With cash on hand and the ongoing exercise of warrants, the companyis fully funded for this phase to further delineate and expand upon its inferredmineral resource reported in July 2015.