Yellow Cat Drilling Confirms Mineralisation Along Strike
Anson Resources Ltd
Key points
- Drilling confirms extension of mineralized zone between two mines
- Assay values up to 1ft @ 774ppm Uranium
- Phase 2 resource re-definition drilling program initiated
Full summary
Anson Resources Limited, through its subsidiary UV1 Minerals LLC, announced the successful completion of its air core drilling program at the Yellow Cat Uranium Vanadium Project in Utah, USA. The drilling confirmed the extension of the mineralized zone between the McCoy Group and Cactus Rat mines over a distance of 2,500 meters. Assay values up to 1ft @ 774ppm Uranium were recorded, indicating 'extreme proximity' to the mineralized zone. The company has initiated Phase 2 of its resource re-definition drilling program, which includes environmental and cultural surveys. The drilling program aims to convert a historical resource into a 2012 JORC compliant resource.
Outlook
Anson Resources is optimistic about the potential of the Yellow Cat project and is proceeding with further exploration and resource development activities.