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Drill Results Neutral

Antimony Resources Corp. (ATMY) (ATMYF) (K8J0) Reports Gold Assays Up To 1.88 Grams per Tonne (g/t) Gold Over 4.85 Meters from Drill Core Samples in the Main Zone at Bald Hill Antimony Project

Gold glints but antimony still the mother lode; Bald Hill’s new dimension fails to halt the selloff.

By The Northwire Desk — AI Analysis Jun 29, 2026 · 11:39 ATMY · 0.6 Antimony Resources Corp.
Executive Summary
  • Released gold assay results from drill core in the Main Zone at Bald Hill, after AI analysis of the existing database identified gold within and adjacent to high‑antimony intervals.
  • Over 45 drill holes returned an average of 1.14 g/t Au over 2.56 m; highlight intercept of 1.88 g/t Au over 4.95 m in hole BH‑25‑18.
  • Central Zone drilling is complete with antimony‑bearing stibnite in breccia up to 37 m wide; assays are expected in 3‑4 weeks.
  • Exploration is expanding to the northwest and southeast of the Main Zone, and regional soil sampling is ongoing.
Material Impact
  • Gold grades are low (1–2 g/t) and intervals narrow; the economic significance of a gold by‑product at these levels is marginal without a much larger tonnage.
  • The company is, and remains, primarily an antimony story; gold had already been flagged in grab samples from trenching a few days earlier (June 25, up to 4.72 g/t Au), so the drill‑core gold assays are not a genuine discovery.
  • No resource update, no antimony assay news, no change to the project’s fundamental value – the release merely confirms gold exists, which was already known.
  • Against a $62 M market cap and a stock that has fallen 63% from its March high, this announcement adds no fresh catalyst and does not alter the risk/reward profile.
ATMY · Price
Company Overview
  • Antimony Resources Corp. is a junior explorer listed on the CSE (ATMY), OTCQB (ATMYF), and Frankfurt (K8J0). Its sole asset is the Bald Hill Antimony Project under option from Globex Mining Enterprises.
  • The project, located in southern New Brunswick, Canada, hosts high‑grade antimony mineralization (average 3–4% Sb, widths 3–4 m) with newly identified gold potential. A conceptual NI 43‑101 target of ~2.7 Mt at 3–4% Sb has been estimated, but a formal mineral resource has not yet been defined.
  • The company has no revenue, is loss‑making, and relies entirely on equity financing.
Read the original news release →

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