Date: Apr 03, 2019
Anson Resources Ltd (ASX:ASN) has staked 396 lode claims in the Yellow Cat Mining District in Utah.
Notably, assays sampled from the 3,307-hectare area staked graded up to 13.1% vanadium or 23.38 vanadium pentoxide.
Anson’s priority remains its Paradox Brine Project but the low-cost opportunity presented itself and the company seized it.
Anson’s chairman and CEO Bruce Richardson said: “The identification and successful negotiation of the purchase of the vanadium claims are a result of the network of contacts that have been developed in the mining industry in Utah.
“While the focus of Anson remains on the development of its Paradox Brine Project and in particular the production of lithium carbonate, it remains interested in new opportunities and in adding to its portfolio of investment in minerals that well be in high demand as the new energy industry continues to develop.
