Antimony Resources begins phase 2 drilling at Bald Hill

Executive Summary

• Antimony Resources Corp. has commenced Phase Two of its drilling program at the Bald Hill Antimony Project in New Brunswick, targeting at least 6,000 metres of drilling to extend known mineralization and infill data gaps.
• The Phase Two program aims to achieve two primary goals: extending the known antimony-bearing stibnite mineralization to the north, south, and depth, and infilling widely spaced drill intersections to determine if there is sufficient continuity to calculate a maiden mineral resource.
• The company also announced the closing of a private placement financing, issuing 650,000 common shares at $0.20 per share for gross proceeds of $130,000, with net proceeds designated for exploration and working capital.

Key Details

• Phase Two Drilling Target: Commencement of at least 6,000 metres of drilling.
• Phase Two Objectives:
  • Extend known antimony-bearing stibnite (Sb) mineralization to the north and south and expand mineralization at depth.
  • Infill areas with widely spaced drill intersections to assess continuity for a maiden resource calculation.
• Phase One Results:
  • Completed 3,150 metres in 16 drill holes.
  • High-grade antimony-bearing stibnite intersected in 75% of drill holes.
  • Significant intersections include:
    • 4.17% Sb over 7.4 metres.
    • 9.85% Sb over 4.3 metres.
    • 14.91% Sb over 3.0 metres.
• Geological Updates:
  • Main zone extended over 400 metres and confirmed to a depth of 400 metres.
  • New mineralized zone discovered approximately 450 metres southeast of the Main zone; requires further exploration.
  • Mineralization consists of massive antimony-bearing stibnite, veins, and stibnite-bearing breccia.
  • Vein/breccia system strikes north-northwest-south-southeast and dips vertically to steeply southwest.
  • Alteration includes sericite, quartz, and carbonate.
• Exploration Plans:
  • Trenching and mapping planned along a two-kilometre-long antimony soil anomaly south of the Main zone.
  • Exploration to cover the wider property, expanded to the west and south.
• Resource Potential:
  • Historical NI 43-101 report (2010) identified potential of 705,000 to 1,000,000 tonnes at 4% to 5% Sb.
  • Company targets a maiden resource calculation in the first quarter of 2026.
• Financing Details:
  • Closed private placement financing.
  • Issued 650,000 common shares at $0.20 per share.
  • Gross proceeds: $130,000.
  • Use of proceeds: Exploration of Bald Hill project and general working capital.
  • Securities subject to a statutory hold period of four months plus one day.

Notable Quotes

• "Drilling at Bald Hill has commenced and will comprise over 6,000 metres of drilling. Part of the program will be guided by a recently completed 3-D model, which will also allow us to infill areas where there are gaps in the information. Our recent drilling extended the Main zone by over 100 metres to the southeast and to a depth of at least 400 metres, significantly expanding the potential of the deposit we will be continuing to drill to expand the mineralized zone. Our program will assist in establishing the drill hole density we will need to calculate a mineral resource." — Jim Atkinson, CEO
• "We are very excited to be starting the next phase of exploration drilling. This program will include exploration on the wider property which we have expanded to the west and south." — Jim Atkinson, CEO