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- Anson Resources’ (ASN) 3D aeromagnetic inversion model confirms favourable geometry and mineralisation potential of a large anomaly
- The anomaly was identified late last year within Anson’s The Bull Project in Western Australia
- The Bull Project reportedly has similarities to Chalice Mining’s (CHN) Julimar discovery which is located 20 kilometres north
- Anson will conduct exploration programs to identify bedrock conductors and to better understand the project’s geology and potential
- Anson’s shares are up 4.48 per cent and trading at 7 cents
Anson Resources (ASN) has completed the 3D aeromagnetic inversion model using data from previous survey work at its The Bull Project in Western Australia.
The drone magnetic survey aimed to further refine a bullseye total magnetic intensity anomaly identified last year.
The Bull is modelled as a 1400-metre-long by 500-metre-wide by 500-metre-deep chonolith body which confirmed favourable geometry and mineralised potential of the magnetic ovoid-shaped anomaly.
Specifically, the geometry indicates the potential for The Bull Project to host large-scale magmatic nickel-copper-platinum group element sulphide deposits similar to the Kabanga deposit in Tanzania and the Jinchuan deposit in China.
Executive Chairman and CEO Bruce Richardson said the data was very encouraging.
“The Bull Project continues to reveal itself as an extremely exciting exploration opportunity for Anson and we are encouraged by the data generated from the drone magnetic survey and subsequent 3D aeromagnetic inversion model.”
Anson is also encouraged by the supposed similarities that The Bull Project has to Chalice Mining’s (CHN) Julimar discovery which is located 20 kilometres north.
The company will conduct follow-up programs, including a fixed-loop electromagnetic survey to identify bedrock conductors and to gain a better understanding of the project’s geology and potential.
Anson’s shares were up 4.48 per cent and were trading at 7 cents at 11:12 am AEST.