Anson Resources Limited (Anson or the Company) has identified three major targets – up to 1400m in length and 800m in width – at its 100 per cent owned The Bull Project in Western Australia (the Bull).
The three anomalies identified to date will be tested with a small rock chip sampling program targeting nickel (Ni), copper (Cu) and platinum-group element (PGE) mineralisation planned.
According to Anson, the results of the sampling will guide a systematic geochemical sampling program and ground electromagnetic survey providing future drill targets.
Geophysical consultants were engaged to complete magnetic, radiometric and digital terrain data processing of open file geophysical data.
Magnetic targets are being interpreted for geological and geochemical testing.
The TMI aeromagnetic image highlights a distinct ovoid anomaly that is similar to Chalice Gold Mines’ (Chalice) Julimar Ni-Cu-PGE high-grade discovery.
Considering the similar magnetic structures on-trend from the Julimar discovery, the open nature of the deposit and the absence of previous drilling, Anson believes the Bull (located just 35 kilometres from Perth) is highly prospective for Ni-Cu-PGE mineralisation and has the potential to host an extension or repeats of a similar polymetallic ore body.
Anson will collect rock chip samples from outcrop and sub-crop from topographic highs.
The Company notes that other areas in the tenement comprise paddocks with little to no outcrop, but float and sub-crop which can be sampled.
Following this sampling program, a series of ground electromagnetic surveys will be completed with a view to identifying EM conductors for future drill testing.
The expected timeframe for the initial field exploration program is dependent on permitting but data compilation, geochemical sampling and some geophysical surveys can be completed.
While the Paradox Brine Project in Utah, USA remains a core focus of Anson’s development program, the Company plans to conduct exploration activities at the Bull upon the exploration licence applications being granted, to potentially unlock further shareholder value from these assets.