Antimony Resources Corp. (CSE: ATMY) (FSE: K8J0) Encounters Visual Antimony Mineralization With Thickness of up to 20 meters Core Length From Drilling and Announces Financing
Antimony Resources Corp. (CSE: ATMY) (FSE: K8J0) Encounters Visual Antimony
Mineralization With Thickness of up to 20 meters Core Length From Drilling and
Announces Financing.
Vancouver, Canada – May 5, 2025, Vancouver, BC, - Antimony Resources Corp. (CSE: ATMY) (FSE:
K8J0) (the “Company” or “ Antimony Resources” or “ATMY”) is pleased to provide an update on
exploration drilling at its Bald Hill Project in New Brunswick in the area of high-grade antimony
mineralization in the Main Zone. The program is planned for at least 2,500 meters of drilling in
approximately 20 drill holes targeting the high-grade Main Zone.
Highlights – Diamond Drilling at Bald Hill
1. Drilling commenced on April 15 with mobilization of drill and crews.
2. Visual inspection of the core has identified antimony mineralization with thickness of
up to 20 meters core length (approximately 12m true width)
3. To date, six holes have been completed, totaling 1030 meters of drilling.
4. Antimony mineralization has been identified in 5 drill holes.
5. Core logging and sampling is underway with samples being submitted to Actlabs in
Fredericton for processing and analysis.
6. Assays are expected in approximately four weeks.
7. Drilling is progressing very well with good core recovery and very little lost core.
Currently, six drill holes have been completed totaling approximately 1030 meters. The core is
being logged at the Government of New Brunswick research and storage facility in Sussex NB ,
approximately 40 km from the drill site. After logging and splitting , the samples will be
transported to Actlabs facility in Fredericton (approximately 120 km away) for processing and
analysis. Approximately 200 samples have been submitted to the laboratory to date from the
first five drill holes.
Figure 1: Location of Proposed ATMY Drilling (BH -25-01 etc.) and Past Drilling (BH -08 -01 etc.),
and the Surface Projection of the Main Zone Mineralization.
The proposed drilling program is focused on confirming intersections of high -grade antimony
reported from previous historical drilling (eg. 4.51m at a grade of 11.7% Antimony (Sb) including
2.29m grading 20.9% Sb). In addition, it is planned to explore the mineralization in areas adjacent
to the higher-grade zones to expand the potential of the deposit.
The 3-D model developed by ORIX , based on the previously reported drilling , has proven very
useful in refining our proposed drill locations. The model , (Figure 2) along with the current
drilling, will be used to determine the size of the antimony mineralization at Bald Hill and identify
areas for extension of the mineralization.
Figure 2: Screen Shot of Bald Hill Model Showing Proposed Drill Holes and Multiple Mineralized
Lenses. Note: part of the focus of the current drilling will be to determine if the lenses are
connected.
Jim Atkinson CEO: “The drilling program is proceeding very well at Bald Hill. The use of the
government facility in Sussex has been very helpful for the core logging. During the relogging of
core in storage in Sussex, our staff have identified places where the past sampling may have
been insufficient and we have resampled these areas.”
Mr. Atkinson continues: “We are very pleased to be able to employ a local drilling company to
complete this work – another example of the advantages of completing mineral exploration in
New Brunswick!”
Bald Hill Antimony Project
Highlights from Past exploration
• Bald Hill is a well-known, high-grade antimony deposit in southern New Brunswick
• Past work including drilling has outlined an antimony deposit over 500 m. long
• Widths average over 3 meters and grades average 3% to 4% antimony.
• Historical NI-43-101 Technical Report: Potential quantity and grade of the drilled area,
which is the target of our exploration, is in the 725,000 to 1,000,000 tonne range
grading 4.11% to 5.32% Sb (~30,000 to 40,000 tonnes contained antimony)1
• Potential to expand based on additional known targets
The Bald Hill Property
The property is located approximately equal distance from Sussex, Fredericton and St John in
southern New Brunswick. Access is very good with Provincial and regional highways crossing
and adjacent to the property. Drilling can be completed year-round. There is over 5400 meters
of drill core from past exploration available for examination in the Sussex office of the New
Brunswick Geological Survey. A total of 25 drillholes totaling over 5400 m have been completed
on the property.
The deposit consists of at least three antimony-bearing breccias and hydrothermal veins zones
trending northwesterly. Mineralization has been defined over a 700-meter strike length to a
vertical depth of 300 meters and is open in all directions and to depth. High Grade antimony has
been encountered in drilling including the discovery Hole DDH08-03 which intersected 4.51m at
a grade of 11.7% Antimony (Sb) including 2.29m grading 20.9% Sb.
A possible extension of the main zone was discovered in 2014. Trenching approximately 450
meters south of Main Zone returned 2.90% Sb over 8.18m, which included 5.79% Sb over 1.75m
and 8.47% over 1.53m. Drilling in this area confirmed the presence of antimony mineralization
similar to the Main Zone which has not been sufficiently explored.
The exploration plan in 2025 is to complete at least 2,500 meters of diamond drilling to explore
the known mineralized zone, extend the mineralization to the north and south and down dip and
expand parallel veins discovered in the past. It is hoped that the drilling will allow us to calculate
a Maiden Resource by the end of the year. An historical NI 43-101 technical report, prepared by
CRA in 20101, identified the potential for between 705,000 and 1,000,000 metric tonnes at an
average grade between 4 and 5% antimony (Sb)1). - Antimony Resources Corp. has not completed
enough work to confirm this estimate. The potential quantity and grade are conceptual in
nature as there has been insufficient exploration to define a mineral resource and that it is
uncertain if further exploration will result in the target being delineated as a mineral resource.
Antimony Resources Corp. also announces a private placement financing (the “Offering”) of up
to 6,250,000 units of the Company (the “Units”) at a price of C$0.0 8 per Unit for gross proceeds
to the Company of up to C$500,000. Each Unit will consist of one common share in the capital of
the Company (each, a “Common Share”) and one common share purchase warrant (“Warrant”).
Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price
of C$0.16 for a period of 24 months from the issuance thereof.
The net proceeds received from the Offering will be used by the Company for exploration and
development activities.
1 NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT BALD HILL ANTIMONY PROJECT SOUTHERN NEW BRUNSWICK, CANADA
prepared by: Conestoga-Rovers & Associates MAY 2010 REF. NO. 070813 (1)
The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc.,
P .Geo., who is a qualified person as defined by National Instrument 43-101.
About Antimony Resources Corp. (CSE: AYMY) (FSE: K8J0)
Antimony Resources Corp. holds an option to acquire a 100% interest in two antimony projects
in New Brunswick – Bald Hill and Antimony 2.0. The Bald Hill Project is the site of a high-grade
antimony deposit with mineralization defined over a distance of 500 meters and additional
intersections of antimony for a further 1 km along strike.
Antimony 2.0 Property, which is located approximately 25 kilometers west of Fredericton, New
Brunswick, is approximately 15 kilometers northeast of the historic Lake George Antimony
Mine. The Lake George Antimony Mine operated for various periods from the 1860s to 1998
and produced as much as 4 per cent of the world's demand of antimony, from 1970 through
1992. The Antimony 2.0 Property comprises over 35 square kilometers of relatively unexplored
ground with excellent access via provincial and logging roads and hydro power.
Antimony Resources’ management team possesses extensive experience in financing,
exploration, development and mining. Antimony Resources intends to conduct exploration
campaigns on each of its optioned properties with a goal of finding one or more minable
resources. We are focused on becoming a significant North American producer of antimony.
www.antimonyresources.com
On Behalf of the Board of Directors
Jim Atkinson, CEO and President
For further information please contact:
Anthony Simone, President, Simone Capital Inc.
416-881-5154, [email protected]