Equinox Resources (ASX: EQN) rallied after announcing that reconnaissance assay results from the maiden exploration program at its Alturas antimony project in British Columbia, Canada had returned ultra-high grade naturally occurring antimony, with assays up to 69.98% antimony. Equinox Resources also announced an expansion of its Alturas project, with the Company pegging two additional claims adjacent to its existing tenements. These new claims, covering approximately 3.3 km2, include high-priority ground along the east and west extensions of the primary mineralised shear zone identified during Equinox Resources’ recent reconnaissance work.
Highlights
- Rock chip samples from Equinox Resources’ Canada-based Alturas antimony project have returned outstanding ultra-high grade antimony assays
- Additional ground totalling 3.3 km2 has been strategically staked to the east and west of the property, offering further potential to expand the mineralised footprint
- 105 tonnes of antimony ore, averaging 57.20% antimony, has been historically sold from the Alps-Alturas Antimony Mine on this property
- Malachite stained rock chip from copper-bearing boulder field returned up to 0.96% Cu, offering potential for copper mineralisation beneath the surface
- Drilling underway at Brazilian REE projects with assay results pending.
Equinox Resources Managing Director, Zac Komur commented: “We are thrilled to announce our latest exceptional exploration results, revealing extraordinary antimony assays that highlight the immense potential of the Alturas Project. Rock chip samples have returned grades as high as 69.98% antimony, establishing some of the world’s highest reported natural stibnite (Sb2S3) grades. Considering that pure stibnite contains 71.4% antimony, these findings confirm Alturas as a truly unique and valuable asset.
By strategically expanding our footprint with additional claims to the east and west, we are positioned to explore beyond the known mineralisation. The discovered copper zone, with rock chips grading at 0.96% Cu, along with an extensive shear system, further solidifies Alturas as an outstanding opportunity. This project offers us a rare chance to unlock substantial value by systematically exploring an underexplored, ultra-high-grade asset in a mining-friendly jurisdiction.”
Latest posts by SmallCap Explorer (see all)
- The RBA’s benchmark interest rate remains unchanged at 4.35% - December 10, 2024
- AML3D Secures A$2.27M Contract with Tennessee Valley Authority to Expand US Presence - December 9, 2024
- Australia’s GDP limps higher in September 2024 quarter - December 4, 2024
Leave a Comment
You must be logged in to post a comment.