Anson Resources Limited (ASX: ASN) announced that its Utah-based subsidiary, UV1 Minerals LLC, has received approval from the Bureau of Land Management and the Utah Division of Oil, Gas, and Mining to commence exploration drilling at the Yellow Cat Uranium and Vanadium Project in southeastern Utah, USA. The program aims to establish a JORC-compliant resource using new and historical data. The shallow mineralized zones above the water table support low-cost exploration with minimal environmental disturbance. The initial plan includes 24 exploratory holes, reduced from 28 due to proximity to historical mining activities. Drilling depths will range from 12 to 40 meters, totalling approximately 1,000 meters, including diamond coring. Assaying for uranium and vanadium will confirm U3O8 via downhole gamma logging.
Environmental and cultural surveys across 77 acres found no impact on notable status plant species or suitable nesting habitats. The program, expected to be completed in 15 days, strategically focuses on the eastern and western mineralized zones near the Windy Point and Mineral Treasure mines. This initiative underscores Anson's commitment to efficient and sustainable resource development.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.