Antimony Resources closes $700,000 financing

Executive Summary

• Antimony Resources Corp. closed a flow-through financing, issuing 2.8 million common shares at $0.25 per share for gross proceeds of $700,000.
• The company reported significant high-grade antimony drill results from its Bald Hill project, including a hole returning 14.91% Sb over 3.0m and another returning 9.85% Sb over 4.3m.
• Net proceeds will be used for exploration on the Bald Hill antimony project in New Brunswick, Canada.

Key Details

• Financing Structure: Flow-through financing closed.
• Shares Issued: 2.8 million common shares.
• Price: $0.25 per share.
• Gross Proceeds: $700,000.
• Finder's Fee: $49,000 paid to Castlewood Capital Corp.
• Use of Proceeds: Exploration on the Bald Hill antimony project.
• Hold Period: Securities subject to a statutory hold period of four months plus a day.
• Drill Result BH-25-08: 14.91% Sb over 3.0m (88.8m to 91.8m depth), including 28.76% Sb over 1.7m (massive antimony stibnite).
• Drill Result BH-25-09: 9.85% Sb over 4.3m (103.6m to 107.9m depth), including 18.19% Sb over 1.8m (104.6m to 106.4m depth).
• Drill Result BH-25-05: 1.1% Sb over 14.5m (108.8m to 123.3m depth).
• Project Geology: Bald Hill is a high-grade antimony deposit in southern New Brunswick, outlined over 700m long with average widths over 3m and grades averaging 3% to 4% Sb.
• Historical NI 43-101 Estimate (2010): Potential quantity of 705,000 to 1,000,000 metric tonnes at an average grade of 4% to 5% Sb.
• Conceptual Resource Estimate: Target area potential is in the 725,000-to-one-million-tonne range grading 4.11% to 5.32% Sb (approx. 30,000 to 40,000 tonnes contained antimony).
• Disclaimer: The historical estimate is conceptual in nature; Antimony Resources has not completed enough work to confirm this estimate or define a mineral resource.

Notable Quotes

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