- Anson Resources (ASN) has identified multiple high-grade base metals exploration targets at its Ajana Project in Northampton, Western Australia
- Specifically, grades of up to 77 per cent lead, 68 per cent zinc and 78g/t silver were found at the Ethel Maude mine within the project
- Anson is now planning a low-cost drilling program to confirm the historical assays and calculate a JORC-compliant resource
- The company will also include a box starter pit for metallurgical test work and to potentially sell the extra ore to fund future development works
- Anson will begin drilling once heritage surveys have been completed and the plan of works has been approved
- Company shares have dropped 4.17 per cent and are trading for 2.3 cents
Anson Resources (ASN) has identified multiple high-grade base metals exploration targets at its Ajana Project in Northampton, Western Australia.
Specifically, the company identified grades of up to 77 per cent lead, 68 per cent zinc and 78g/t silver at the Ethel Maude mine.
Most of the known prospects in the Ajana Project area have been identified along the northeast-trending dolerite dykes, similar to those at the historic Mary Springs mine.
While shallow historic mining activity has been undertaken at the Ethel Maude mine, down to 17 metres, drilling hasn’t been carried out to prove up the resource. The mining operations showed the mineralisation was open to the north, east, west and down dip.
Following its review, Anson is planning to carry out a low-cost drilling program to confirm the historical assays and calculate a 2012 JORC-compliant resource.
Additionally, Anson plans to establish a box starter pit. This trial pit was designed by a previous owner and has a historic costing which is currently under review.
The company plans to incorporate the starter pit into its exploration program for metallurgical test work and to potentially sell the extra ore to fund future development of the project.
Anson will fast-track reverse circulation (RC) drilling at the Ethel Maude Mine, where high-grade mineralisation has been identified in the underground workings and a resource can be calculated to support the recommencement of mining. The company is hoping to take advantage of the current higher prices for base metals.
The exploration program will begin once heritage surveys have been completed and the plan of works has been approved by the Department of Mines, Industry Regulation and Safety (DMIRS).
Company shares have dropped 4.17 per cent and are trading for 2.3 cents at 1:24 pm AEST.