Core Viewpoint - Antimony Resources Corp. has reported positive drilling results from the Bald Hill Antimony Project, indicating significant intersections of antimony mineralization, which may present investment opportunities for stakeholders in the mining sector [2][3][4]. Group 1: Drilling Results - Two drill holes, BH-25-3 and BH-25-4, successfully intersected the target antimony zone, with BH-25-03 showing 2.76% Sb over 2.8 m, including a peak of 19.0% Sb over 0.4 m [2][3]. - Hole BH-25-04 revealed 4.17% Sb over 7.40 m, with notable massive stibnite zones returning 28.8% Sb over 0.50 m, 21.9% Sb over 0.40 m, and 17.9% Sb over 0.40 m [3]. - A total of 10 drill holes have been completed, with additional assays pending for further mineralized intersections [3]. Group 2: Additional Mineralization - The drilling also encountered low-grade gold mineralization, with assays up to 2.15 g/t Au over 0.40 m as part of a wider intersection zone in Hole BH-25-04 [4]. Group 3: Market Context - Antimony prices have surged due to supply shortages exacerbated by geopolitical conflicts, which may enhance the project's economic viability [4]. Group 4: Project Terms - The option terms for the Bald Hill Antimony Project include $2,000,000 in cash payments, 1,100,000 shares of Antimony Resources, and a minimum of $5,000,000 in property expenditures over four years [5]. - Upon completion of the earn-in, Globex will retain a 3.5% Gross Metal Royalty, with the option to purchase 1% for $1,000,000 adjusted for inflation [5].
Antimony Resources Intersects Massive Stibnite on Property Under Option from Globex
Globenewswire·2025-07-02 16:05