Drill Results
Critical One Energy Receives Exploration Permit for Howells Lake Antimony-Gold Project

CRTL · Price
Executive Summary
- Ontario Ministry of Energy and Mines issued Exploration Permit PR‑24‑000227 for Critical One’s Howells Lake Antimony‑Gold Project.
- The permit enables the company to commence an initial drilling program to delineate historic high‑grade antimony and gold zones.
- Historical data indicate a resource of 1.7 M t at 1.4% antimony with notable intercepts (up to 75% antimony, >14 g/t Au), positioning the project as a major undeveloped antimony system in Canada.
Key Details
- Permit number: PR‑24‑000227 issued by Ontario Ministry of Energy and Mines for the Howells Lake Project in the Thunder Bay Mining District.
- Project location: ~120 km west of the Ring of Fire; land package ≈25,000 ha over a 30 km strike on a proven greenstone belt.
- Historical resource (non‑NI 43‑101): 1.7 M t at 1.4% antimony, with associated gold mineralization.
- Notable historic drill intercepts:
- Up to 75% antimony and >14 g/t Au in single assays.
- Interval of 5.37% antimony over 8.35 m.
- Company plans to start an initial drilling program soon after permit issuance to verify and expand historic intercepts and move toward a feasibility study.
- Environmental and community commitments: drilling will follow best‑practice, low‑impact methods with ongoing consultation with the Eabametoong First Nation (EFN).
- Qualified Person: Matthew Trenkler, P.Geo., Chief Geological Officer, reviewed and approved technical content; historical data not verified under current NI 43‑101 standards.
Notable Quotes
“We are thrilled with this approval, which underscores our commitment to responsible exploration and development,” – Duane Parnham, Founder, Executive Chairman & CEO, Critical One Energy Inc.
Materiality Assessment: Non-Material – Positive (the permit is a forward‑looking operational milestone without immediate financial impact).
More from Critical One Energy Inc.
Jun 16, 2026 · 17:01