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Anson Resources (ASX:ASN) - Managing Director & Chairman, Bruce Richardson - The Market Herald
Managing Director & Chairman, Bruce Richardson
Source: Industrial Minerals
  • Anson Resources (ASN) is gearing up for an exploration program targeting nickel sulphides at the Hooley Well Project in Western Australia
  • A review of historical and recent data outlined several compelling exploration targets
  • Ahead of this program, Anson has started an infill aeromagnetic survey to further define the targets
  • Hooley Well adjoins Chalice Gold Mines' (CHN) Barrabarra tenements and has a similar magnetic signature to CHN's Julimar discovery
  • Company shares are trading flat at 3.1 cents

Anson Resources (ASN) is gearing up for an exploration program targeting nickel sulphides at the Hooley Well Project in Western Australia.

The company initiated the program after undertaking a detailed review of historic and recent data from the project. The review outlined several compelling exploration targets - including three large magnetic targets.

"Given the nature of these targets, we are able to undertake a low-cost, yet potentially high-impact exploration program, to investigate for potentially economic Ni-Cu-PGE mineralisation," Chairman and Managing Director Bruce Richardson said.

Anson has also begun an infill aeromagnetic survey over the project to further define the mineralisation targets. Once this has been completed and processed, the company will undertake a geochemical sampling program and a subsequent electromagnetic ground survey.

The Hooley Well Project consists of two tenements, Erong Hill and Hooley Well, that were granted in 2017. They cover a 62-kilometre area which is located in the highly prospective West Yilgarn Craton.

The Erong Hill and Hooley Well prospects adjoin Chalice Gold Mines' (CHN) Barrabarra nickel-copper-PGE tenements. They also have a similar magnetic signature to CHN's Julimar discovery.

The high-grade Julimar discovery is located near Anson's Bull Project in Bullsbroook, WA. Anson has also recently begun a low-cost exploration program at the Bull Project.

Historical drilling programs were conducted at the Erong Hill prospect which returned 22 metres at 0.97 per cent nickel, 1.08 per cent chromium and 0.061 per cent cobalt including eight metres at 1.24 per cent nickel and 1.17 per cent chromium from 16 metres.

Despite the limited drilling that was conducted, there are some encouraging assays and significant exploration upside at the project.

Company shares are trading flat at 3.1 cents at 2:35 pm AEDT.


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