Anson Resources reports significant assay results at Hooley Well Project

Anson Resources Limited (ASX: $ASN) has announced positive assay results from its first-pass sampling program at the Hooley Well Project in the mid-west region of Western Australia. The program, completed in December 2023, included 46 rock chip and 356 soil samples collected across priority targets at Hooley Well, aiming to map and identify potential for nickel (Ni)-chrome (Cr)-cobalt (Co) and platinum group element (PGE) laterites, as well as explore for Rare Earth Element (REE) targets within clay zones.

Executive Commentary on Hooley Well Project Assay Results

The assay results from the sampling program have enabled Anson to define high priority targets for further interrogation in a planned next phase of exploration, which will target deep magnetic conductors, combined with high-priority targets identified at surface, and will be tested with reverse circulation (RC) drilling followed by diamond drilling, subject to results.

Summary of Hooley Well Project Assay Results

The assay results from the first-pass sampling program at the Hooley Well Project have confirmed the presence of significant nickel-chrome-copper mineralization. Anson Resources plans to undertake shallow RC drilling to target high priority areas identified from surface assay results proximal to Erong Hill, further systematic RC drilling in areas exhibiting strong magnetic responses and IP resistivity, detailed geological and structural mapping of RC drilling assay results, and shallow reconnaissance air core (AC) drilling to target the REE anomalies close to the surface. The company aims to create long-term shareholder value through the discovery, acquisition, and development of natural resources that meet the demand of tomorrow's new energy and technology markets.