Anson Resources Reports Maiden Mineral Resource Estimate at Surprise Deposit
ANSON RESOURCES LIMITED (ASN) Share Update September 2024 Monday 30th
Anson Resources Announces Maiden Mineral Resource Estimate at Surprise Deposit
Anson Resources Limited (ASX: ASN) has announced the completion of a maiden JORC (2012) Mineral Resource estimate for its Surprise Deposit at the Ajana Project in Western Australia.
Instant Summary:
- Maiden JORC (2012) Inferred Mineral Resource estimate completed for Surprise Deposit.
- 103,000 tonnes grading 2.7% Pb, 0.45% Zn, and 1.3g/t Ag.
- High grade Zn also found in the footwall.
- Potential for increased resources with additional drilling.
- Critical minerals Indium and Germanium discovered in correlation with Zn mineralization.
- Additional drilling planned to define historic working extents.
Mineral Resource Estimate Details
Anson Resources Limited (ASX: ASN) has completed a maiden JORC Code (2012) reportable Mineral Resource estimate (MRE) for its Surprise Deposit at the Ajana Project in the Mid-West region of Western Australia. This estimate follows a recent shallow drilling program carried out by Anson.
The Inferred Mineral Resource estimate totals 103,000 tonnes grading 2.7% lead (Pb), 0.45% zinc (Zn), and 1.3 grams per tonne silver (Ag). The zinc estimate was restricted to within the lead wireframes for this interpretation, although high-grade zinc was also found in the footwall.
Potential for Increased Resources
The interpreted Mineral Resource has only been estimated at shallow depths, below 60 to 70 meters, and remains open. There is significant potential for increased Mineral Resources with additional drilling, as the mineralization is open along strike both to the north and south.
Since the commencement of the MRE interpretation, critical minerals such as indium and germanium have been discovered, which appear to be associated with the zinc mineralization. These minerals have not been included in the current MRE as additional sample intervals are being assayed and metallurgical testing is to be completed.
Future Exploration Plans
Anson Resources plans to conduct further drilling to more accurately define the historic working extents and to explore the mineralization at greater depths. The company will also focus on additional targets identified at the Ajana Project area using historic geophysical and geochemical data.
A Versatile Time Domain Electromagnetic (VTEM) aerial survey identified 31 sulphide drill targets in the area, which will be the focus of future drilling programs. The survey also identified additional zinc, lead, and copper exploration targets running parallel to the Surprise Deposit.
The completion of the maiden Mineral Resource estimate is a significant milestone for Anson Resources. It confirms the presence of substantial lead, zinc, and silver mineralization at the Surprise Deposit, which could positively impact the company's stock price. The discovery of critical minerals like indium and germanium further enhances the project's potential value.
Investor Reaction:
Analysts are likely to react positively to the news, given the potential for increased resources with further drilling. The discovery of critical minerals adds an additional layer of interest for investors. However, the market will be watching closely for the results of the planned additional drilling and metallurgical testing.
Conclusion:
Investors should keep an eye on Anson Resources as the company progresses with its exploration and drilling programs at the Surprise Deposit. The potential for increased resources and the presence of critical minerals make this a promising development. Subscribe to updates to stay informed about Anson Resources' future announcements and exploration results.