Just the facts: Anson Resources gains approval for Yellow Cat drilling [Video]

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Anson Resources Ltd (ASX:ASN, OTCQB:ANSNF).

The company has secured approval to drill 24 exploration holes, totalling approximately 1,000 metres, at its Yellow Cat Uranium and Vanadium Project in Utah, USA.

Permits were granted by the US Bureau of Land Management (BLM) and the Utah Division of Oil, Gas and Mining (UDOGM).

The drilling will target a 2-kilometre mineralised trend between the Windy Point Mine and the Mineral Treasure Mine, where samples have shown up to 10.33% uranium (U₃O₈) and 25.6% vanadium (V₂O₅).

Fifteen holes will be drilled on the eastern side near Windy Point Mine, with the remainder on the western side near Mineral Treasure Mine.

The program aims to develop a JORC-compliant resource using new and historical data. Shallow drilling depths of 12 to 40 metres will minimise costs and environmental impact.

Located in the Colorado Plateau region, Yellow Cat has …