Anson Resources is leaping towards more drilling at Ajana after its first round intersected high-grade mineralisation. Pic via Getty Images
Mining
Special Report: Drilling has intersected high-grade zinc, lead and silver – validating the exploration approach Anson Resources is taking at its Ajana project in WA’s Mid-West.
While Anson Resources (ASX:ASN) is primarily focused on developing a lithium brines operation in Utah, the drill results underscore its belief that Ajana is a significant exploration opportunity within a proven and established mining province for lead, silver, and zinc.
Ajana is 130km north of Geraldton and dominated by the Northampton Metamorphic Complex. It contains several historical copper, lead and silver producing mines dating back to 1850.
The maiden reverse circulation drill program – results for which have just been received – targeted the Surprise prospect that hosts the historical mines which produced high-grade, vein-hosted lead-zinc-silver throughout the late 1800s to early 1900.
Drilling also targeted the Ethel Maude prospect which has a history of hosting high-grade zinc-lead-silver mineralisation.
This 30-hole drill program totalling 1,105m has now delivered high-grade results with drilling at Surprise returning a top intersection of 12m @ 3% zinc, 1% lead and 1.75g/t silver in hole AJRC18.
ASN notes the results at Surprise indicate strong potential for further mineralisation towards the east and west, and extending towards Surprise South.
Drilling at Ethel Maude focused on shallow, high-grade zinc, lead and silver mineralisation with hole AJRC16 returning a 20m intersection @ 0.8% zinc, 0.71% lead and 5.75g/t silver.
The drilling at this prospect indicates potential for further development of the mineralised zone towards the east, south and at depth underneath the current workings.
ASN now plans to submit 1m samples for assay of anomalous mineralisation detected in 3m composites.
It will also carry out a second phase of infill and expansion drilling at the two prospects with the goal of defining a maiden resource.
Other work includes refining and upgrading exploration target models and geological knowledge throughout the Ajana project, as well as a third phase RC drilling at the Two Boys, Surprise South and Block 1 prospects to define the extent of base metal mineralisation across the wider project area.
This article was developed in collaboration with Anson Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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