- Exploration company Anson Resources (ASN) has announced some encouraging results from its recent ground-truthing program at The Bull
- Situated on the outskirts of the Yligarn Craton, The Bull is a nickel-copper-platinum group element (PGE) play in Western Australia
- Anson carried out a rock chip sampling program at the WA-based project and confirmed it hosted a mafic-ultramafic intrusive complex
- It’s looking for nickel, copper, and platinum group element
- Significantly, this means The Bull has a similar geological terrane to Chalice Gold Mines’ (CHN) Julimar discovery
- ASN plans to use the same exploration method as Chalice to test The Bull, which is also located just 20 kilometres from Julimar
- Anson has identified three main targets to focus on within The Bull with planning now underway for follow up exploration work
- Shares in ASN are currently trading for 3.1 cents each, up 12.1 per cent
Anson Resources (ASN) has announced some encouraging results from its recent ground-truthing program at The Bull Project.
Situated on the outskirts of the Yligarn Craton, The Bull is a nickel-copper-platinum group element (PGE) play in Western Australia.
The exploration company took rock chip samples from the site to be tested, with recent results confirming that the area hosted a mafic-ultramafic intrusive complex.
It’s significant news for the materials stock, as it means The Bull has a similar geological terrane to Chalice Gold Mines’ (CHN) Julimar nickel-copper-platinum group element (PGE) discovery.
The Bull Project is actually located just 20 kilometres from Julimar, and Anson has stated it will replicate the exploration plan Chalice used at the discovery for its own project.
Anson has identified three major targets with early similarities to Julimar and has begun carrying our further exploration work to test the discoveries, with survey work and a drilling program planned for early 2021.
Commenting on the results, Anson’s Executive Chairman and CEO Bruce Richardson said these early indications were extremely encouraging.
“The geophysics show us a large magnetic high and interpretation has identified a potential layered intrusive complex, seven kilometres in length and 2.5 kilometres wide, in the first target area, increasing the initial exploration target significantly,” he said.
“The ground-truthing sampling program has confirmed the presence of copper and nickel in mafic-ultramafic rocks at surface confirming the geophysical interpretation,” he added.
Shares in Anson Resources are currently trading for 3.1 cents each, up 12.1 per cent at 12:38 pm AEDT.