Thistle Resources Uncovers High Grade Stibnite in New 2026 Trench Program at Its Brunswick Antimony Project
Thistle’s high-grade antimony trenching advances while the company faces a looming cash crunch.
Thistle Resources Inc. has initiated its 2026 Antimony Trenching program at the Brunswick Antimony Project in the Bathurst Mining Camp, New Brunswick. Preliminary portable XRF analysis of ten rock chip samples from Trench area #1 returned high-grade antimony (Sb) concentrations ranging from 4.76% to 23.04%.
The samples also show associated copper, lead, zinc, and arsenic, alongside historical high-grade silver (up to 1,300 g/t) and gold (up to 2.32 g/t). Samples have been submitted to ALS Global for certified analysis, which includes four-acid digestion and fire assay.
The trenching program aims to expose the granite-sediment contact to determine structural azimuth for the upcoming maiden drill program. Management clarified that Jemini Capital engagement is arm's-length and that Jemini principals hold shares acquired independently of the consulting agreement.
Thistle Resources Inc. (TRCG) issued a positive but expected follow-up to its May 19, 2026 announcement regarding the Brunswick Antimony Project. Preliminary XRF results are encouraging but not yet certified, serving as a scouting tool to optimize drill hole azimuth rather than a resource definition step.
The company remains in the pre-revenue exploration phase with no defined mineral resources, and no material change to its valuation or risk profile occurs at this stage. A clarification from Jemini Capital addresses potential market confusion but does not alter the fundamental financial or operational outlook. Given the company's critically constrained liquidity, exploration updates alone cannot drive sustainable price appreciation without a concurrent capital raise.
Thistle Resources Inc. (TSXV: TRCG) is a pre-revenue mineral exploration company operating five projects across New Brunswick and Nova Scotia. The company’s flagship assets include the Middle River Gold Project, which targets a seven-kilometre mineralized trend with a goal of more than two million ounces, and the Brunswick Antimony Project. The latter is a critical mineral asset adjacent to historic mines and features high-grade antimony, silver, and gold. Thistle Resources remains entirely in the exploration stage, with no operating income, mineral reserves, or production history.