Source: Anson Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Anson Resources (ASN) bull drone hones in on nickel-copper-platinum group elements prospects within its Bull Project in Western Australia
  • ASN says it is encouraged by the results, which have given way to a system it describes as similar to that at Chalice Mining’s Julimar discovery
  • Next steps include a broad coverage program of auger soils and a ground electromagnetic survey to determine the location of conductor plates
  • Anson Resources shares are up five per cent and trading at 6.3 cents at 12.35 pm AEST

Results from Anson Resource’s (ASN) recent drone magnetic survey at its Bull Project in Western Australia have further defined a target anomaly.

The drone magnetic survey was completed over the project to further refine a bullseye total magnetic intensity anomaly identified by the explorer last September.

Broadly, Anson said it was encouraged by the drone magnetic results as they demonstrated the potential for a fertile ultramafic layered intrusive system similar to Chalice’s Julimar nickel-copper-platinum group elements discovery.

According to Anson, the new magnetic image interpretation shows a distinct internal character of the magnetic anomaly at the project and appears to include a series of magnetic high lenses and potential structural offsets.

The company said it was continuing to follow the exploration roadmap that led to Chalice’s Julimar discovery.

Next steps include a broad coverage program of auger soils and a ground electromagnetic survey to determine the location of conductor plates.

Anson Resources shares were up five per cent to trade at 6.3 cents at 12:35 pm AEST.

ASN by the numbers
More From The Market Online
The Market Online Video

Meet Sun Silver – ASX’s newest silver-gold player based in Nevada, USA

The ASX has picked up another miner, with Sun Silver Limited the newest silver-gold explorer to list…

Errawarra’s pegmatite discovery in WA Pilbara strikes gold on ASX

Errawarra Resources Ltd has seen its share price rise by 100 percent on news of a…
The Market Online Video

Magnum to raise US$210M to advance Saudi green pig iron plant

Through NASDAQ-listed VCCL and 2x1.Digital, Magnum Mining is kicking off a US$210M capital raise for its…

D3E joins ASX as it hunts natural gas and helium in South Africa

D3E Energy will begin trading on the Australian Stock Exchange at 11 am today, having listed…