Antimony Resources Advances Core Drilling Campaign at Bald Hill

Antimony Resources advances its Bald Hill project with 6,500m drilled, confirming consistent high-grade antimony intercepts. CEO highlights strategic value amid supply chain pressures.

Antimony Resources has reported significant progress at its Bald Hill project located in New Brunswick. The company’s drilling program remains on schedule, with approximately 6,500 meters completed out of a planned 10,000-meter campaign. Initial geological data from the completed holes is said to align with the project's high-grade potential.

Strategic Importance and Favorable Jurisdiction

CEO Jim Atkinson highlighted the project's strategic value during a presentation at the PDAC convention in Toronto on March 27. He emphasized North America's increasing reliance on critical minerals and pointed to global supply chain pressures stemming from international antimony export restrictions. Atkinson cited straightforward metallurgy and the stable regulatory environment in New Brunswick as key factors supporting a capital-efficient development pathway for Bald Hill.

Consistent High-Grade Intercepts at Main Zone

The current operational focus is on the Main Zone, where two drill rigs are active. This zone extends along a strike length of roughly 700 meters and reaches a depth of at least 350 meters, with mineralization open in all directions. Assay results have been consistent, showing average grades of 3 to 4 percent antimony, which confirms earlier high-grade projections. The company reports that mineralized widths typically average between 3 and 4 meters.

Concurrently, surface mineralization at the Marcus (West) Zone has been expanded. Trenching activities conducted 30 meters south of the original "Discovery Boulder" have exposed massive stibnite in bedrock. This discovery extends the known stibnite exposure in the zone to approximately 80 meters. Following the conclusion of the ongoing sampling program, the company plans to begin targeted drilling of the Central Zone.

Funding and Market Context

A dedicated exploration budget of about 3 million Canadian dollars is in place to fund the remaining 3,500 meters of drilling. This capital was secured through a financing round and the exercise of warrants late last year. The complete results from the 10,000-meter program are intended to form the data foundation for future economic assessments of the Bald Hill deposit.

On European exchanges, Antimony Resources shares are currently trading near 0.88 euros. The equity appears to be in a consolidation phase following its recent monthly high.