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- Anson Resources (ASN) stakes another 66 mineral claims at the Yellow Cat project in the Thompson District of Utah
- These new claims surround the original Yellow Cat project claims and increase the project’s footprint by 78 per cent
- The project is prospective for uranium and vanadium and contains multiple historical workings which remain open
- Anson is now preparing to undertake a drilling program to test the potential of the new claims
- ASN shares are up 5.43 per cent to trade at 9.7 cents
Anson Resources (ASN) has staked another 66 mineral claims at the Yellow Cat project in the Thompson District of Utah.
These new claims surround the original Yellow Cat project claims and increase the uranium and vanadium mineralisation-rich project’s footprint by 5.5 square kilometres, or 78 per cent, to 12.6 square kilometres.
The claims cover the inferred east-west mineralised trend, which was mapped during a recently completed phase two exploration program. Based on the nature and direction of the mineralisation, the staking of the new claims provides around two kilometres of untested potential strike length.
Strategically, the project contains numerous historical workings which are still open and in excellent condition, according to the company, which provides easy access to map the mineralisation and collect samples from adit walls.
Since the Thompson District has seen historical productions since the 1980s, Anson believes it presents an opportunity for near-term uranium and vanadium production.
The company is currently planning a drilling program to test the potential of the new claims.
ASN shares were up 5.43 per cent to trade at 9.7 cents at 10:26 am AEDT.
