Antimony Resources reports 21.45% antimony over 1.10m at Bald Hill
Three holes extend Main Zone mineralization southward, while the release and assay table give conflicting grades and interval lengths.
Theo Marchetti
Antimony Resources Corp. CNSXATMY OTCMKTSATMYF FRAK8J0 reported on Wednesday 21.45 per cent antimony over 1.10 metres at Bald Hill in New Brunswick. The section in hole BHW-26-19 sits within a 13.0-metre intersection. The Oct. 14 release's narrative reports 4.36 per cent for the broader zone, while its assay table gives 4.35 per cent.
The results cover three holes at the southern end of the Main Zone, less than 100 metres from the Central Zone. The company says the drilling fills gaps in its data and extends higher-grade mineralization southwards.
Shares closed at C$0.31 on the Canadian Securities Exchange on Oct. 14, according to the CNSXATMY quote at 4 p.m. EDT. That closing price predates the evening announcement and cannot establish a market reaction to the assays.
Antimony Resources plans to restart drilling with two rigs around Oct. 28, based on chief executive James Atkinson's two-week timetable in the Oct. 14 release. The work will feed a mineral model intended to guide further drilling and a maiden resource estimate.
Assay Table Shows Different Lengths
The reported high-grade sections are included within the broader intersection, so their lengths cannot be added to it. The assay table places the 21.45 per cent section between 103.80 and 104.90 metres down the hole.
For the 15.0 per cent section, the narrative gives 0.8 metres, while the individual sample row runs for 0.65 metres. The row's depth limits support the shorter length, although the table's highlighted summary repeats the narrative's figure.
A lower zone has another length mismatch: the narrative says 3.45 metres and the table lists 2.80 metres. Both give 5.35 per cent antimony. The table places that zone between 123.40 and 126.20 metres down the hole.
These are drilled intersections. The company estimates true widths at about 70 to 80 per cent of the reported lengths, so the core measurements exceed the estimated thickness of the mineralized zones.
The release says mineralization remains open to the northwest, southeast and at depth. The new southern intersections supply additional information for the planned model, rather than establishing a mineral resource or a mineable inventory.
Read more: Canagold Resources Ltd reports 13.2m at 3.83 per cent antimony at New Polaris
Drilling Will Supply Metallurgical Samples
"Part of the drilling will be aimed at collecting samples from representative mineralization to complete a Metallurgical testing program," Antimony Resources chief executive James Atkinson said in the Oct. 14 release.
Atkinson said the initial two-rig program could expand. His account links the restart to the recent financing, while the proposed metallurgical work would use samples collected during drilling.
The company announced in a release dated Oct. 5 that it had closed a C$5 million flow-through financing. It said the net proceeds would fund exploration and development at Bald Hill.
Antimony Resources is an exploration and development company focused on antimony. The financing release describes its Bald Hill exploration target as conceptual and cautions that further exploration might not delineate a mineral resource.
The next operating milestone is the expected restart around Oct. 28. The initial two rigs are intended to gather further drilling information and representative samples as the company works toward its maiden resource estimate.
