What Are the Next Steps for Anson Resources Following Exciting Drilling Results?

Drilling Success at Ajana Project: High-Grade Zinc, Lead, and Silver Intercepts

Anson Resources Limited announces promising outcomes from its initial 30-hole, 1,105-meter reverse circulation drilling program at the Ajana Project in Western Australia. This program focused on the Surprise and Ethel Maude prospects, yielding high-grade zinc, lead, and silver mineralization. The results underline the potential for defining a maiden JORC Mineral Resource, setting the stage for a second phase of drilling to expand and infill the discovered mineralization.

Drilling Campaign Highlights

The drilling targeted two priority prospects within the Ajana Project, revealing significant high-grade mineralization. At the Surprise prospect, notable intersections include:

AJRC18: 12m @ 3. 0% Zn, 1. 0% Pb & 1.

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75g/t Ag
AJRC19: 4m @ 6. 1% Pb & 1. 75g/t Ag and 6m @ 2. 8% Zn & 1g/t Ag

The Ethel Maude prospect also demonstrated promising results, particularly:

AJRC16: 20m @ 0. 8% Zn, 0. 71% Pb & 5. 75g/t Ag, including high-grade sections.

These findings not only validate Anson’s exploration strategy but also highlight the potential for significant mineral deposits within the Ajana Project.

Geological Insights and Future Exploration

The Surprise and Ethel Maude prospects, part of the Northampton metamorphic complex, are enriched with Pb-Zn-Ag mineralization, located in a historic mining region. The high-grade intercepts suggest the presence of concentrated mineralization along fault zones, with further potential indicated towards the east and west of the current drilling sites. The upcoming second phase of drilling aims to further delineate the mineralization, with a goal to establish a maiden JORC Mineral Resource.

Implications for the Ajana Project

The positive drilling results at Ajana mark a significant milestone for Anson Resources, indicating the presence of substantial base and precious metal mineralization. This development not only enhances the project's prospectivity but also revitalizes interest in the Northampton region as a potential mining hub. The strategic focus on infill and extension drilling in the next phase will be crucial in defining the extent and grade of the mineralization, potentially leading to the development of a new mining operation in Western Australia.

Anson Resources' successful drilling program at the Ajana Project underscores the potential for high-grade zinc, lead, and silver deposits in Western Australia's mid-west region. With plans for further exploration and drilling, Anson is well-positioned to advance the project towards defining a significant mineral resource, contributing to the mining industry's growth and development in the area.

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