Anson Resources has completed a 23-hole drilling program at its Yellow Cat Uranium Vanadium Project in Utah, confirming mineralization extends 2,500 metres along strike between historical workings. Assay results for uranium, vanadium, and critical minerals are pending, with further drilling planned to establish a JORC resource.
- Initial drilling confirms 2,500m strike extension of uranium-vanadium mineralization
- Thick mineralized zones visually identified up to 2 metres thick
- Samples sent for assay including uranium, vanadium, gallium, and rare earth elements
- Mineralization occurs in sandstone units of the Morrison Formation, shallow and above water table
- Infill drilling planned to support JORC resource estimation
Exploration Program Completion and Key Findings
Anson Resources Ltd (ASX:ASN) has announced the completion of its initial exploration drilling program at the Yellow Cat Uranium Vanadium Project in Utah, USA. The program comprised 23 aircore drill holes targeting a 2,500-metre strike length between two historical uranium and vanadium mining sites, Cactus Rat and the McCoy Group. The drilling confirmed that mineralization extends continuously along this strike, with thick mineralized zones up to 2 metres visually identified approximately 400 metres west of the McCoy Group workings.
The mineralization was detected using a Ludlum Model 3 Survey Meter, with interpreted intervals consistently returning radiation levels between 0.5 to 2 milliroentgens per hour. Samples collected during drilling were sent to a certified laboratory in Nevada for assay analysis of uranium, vanadium, and other associated critical minerals including gallium and rare earth elements. Assay results are expected within four weeks.
Geological Context and Sampling Methodology
The uranium and vanadium mineralization occurs within the sandstone units of the Morrison Formation, specifically in the Salt Wash Member, where it exists as interstitial material and coatings on sand grains. The mineralized horizon is shallow and located above the water table, which means further drilling will require minimal environmental disturbance. The exploration program adapted drill spacing to account for the “pinch and swell” nature of the mineralization and the rugged terrain, aiming to facilitate an earlier JORC resource interpretation.
Previous exploration sampling by Anson at the McCoy Group mine sites yielded high-grade results, including uranium grades up to 10.33% U3O8 and vanadium up to 25.6% V2O5. These historical results, alongside the current drilling, support the potential for a significant mineral resource in the area. The company plans an infill drilling program to better define the resource between the historical sites.
Project Status and Future Work
The Yellow Cat Project comprises 151 unpatented federal lode mining claims in good standing. The recent drilling focused on the eastern claim block, along strike of the historical resource referenced in Anson’s February 2026 announcement. The shallow nature of the mineralization and its location above the water table are positive factors for future development.
Anson Resources has indicated plans for further drilling to verify historical results and to conduct downhole gamma logging to assist with resource delineation. Additional rock chip sampling is also planned to determine the extent of mineralization. These steps are part of the company’s broader strategy to advance its portfolio of mineral projects, including its Green River and Paradox Lithium Projects in Utah.
In a broader market context, this drilling program follows Anson’s earlier announcement of a 2,500-metre drilling campaign aimed at extending high-grade uranium and vanadium zones at Yellow Cat, which highlighted the potential for resource upgrades under the JORC 2012 standard. The current results build on that foundation and will be critical in shaping the next phase of exploration and resource definition for the project. For more on Anson’s drilling initiatives at Yellow Cat, see the company’s launch of the 2,500m drilling program to extend high-grade zones.
Bottom Line?
Pending assay results and planned infill drilling will be key to assessing the economic potential of the Yellow Cat uranium-vanadium mineralization.
Questions in the middle?
- What will the assay results reveal about the grade and distribution of uranium, vanadium, and critical minerals?
- How will the planned infill drilling refine the resource model and support a JORC-compliant resource estimate?
- What are the potential environmental and regulatory considerations given the shallow mineralization above the water table?