FULL DISCLOSURE: Antimony Resources is a sponsor of theDeepDive.ca via a third party.
Antimony Resources (CSE: ATMY) has resumed drilling at their flagship Bald Hill Antimony Project in New Brunswick. The program aims to complete a total of 6,000 metres across the entire phase two program.
The resumption of drilling follows the company successfully completing a total of 3,150 metres of drilling across 15 drill holes earlier this season. That program notably saw the intersection of antimony-bearing stibnite in a total of 75% of the holes conducted, including 4.17% stibnite over 7.4 metres, 9.85% stibnite over 4.3 metres and 14.91% stibnite over 3.0 metres among other results.
The phase two program that is now underway is said to have two goals, including extending the known mineralization to the north, south, and to depth, and to conduct infill drilling in the region between prior intersections of antimony-bearing stibnite. The program is expected to assist in establishing a maiden resource for the deposit.
As it stands, antimony-bearing stibnite mineralization has been identified at the Main Zone over a strike length of 400 metres and to a depth of 400 metres. A second mineralized zone has been identified 450 metres to the southeast of the Main Zone as well, which is to be further explored under the phase two program.
WATCH: We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson – Antimony Resources
“Drilling at Bald Hill has commenced and will comprise over 6,000 meters of drilling. Part of the program will be guided by a recently completed 3-D model which will also allow us to infill areas where there are gaps in the information. Our recent drilling extended the Main Zone by over 100 meters to the southeast and to a depth of at least 400 meters, significantly expanding the potential of the deposit we will be continuing to drill to expand the mineralized zone. Our program will assist in establishing the drill hole density we will need to calculate a Mineral Resource,” commented Jim Atkinson, CEO of Antimony Resources.
Antimony Resources last traded at $0.25 on the CSE.
FULL DISCLOSURE: Antimony Resources Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Antimony Resources Corp. The author has been compensated to cover Antimony Resources Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
