Globex Mining Enterprises Inc. Updates Shareholders on Bald Hill Antimony Property

Strategic Insights -

Globex Mining Enterprises Inc., a Canadian mining company, has provided an update on the exploration activities at its Bald Hill Antimony Property, located in New Brunswick, under option to Antimony Resources Corp. Despite the challenging weather conditions, Antimony Resources has successfully completed drilling of 3,150 meters in 16 drill holes and has re-commenced drilling to complete a total of 6,000 meters of drilling. The company has announced the discovery of a second mineralized zone, approximately 450 meters southeast of the Main Zone, and has reported high-grade antimony bearing stibnite in 75% of the holes, including intersections of up to 14.91% Sb over 3.0 meters and 9.85% Sb over 4.3 meters.

Key Takeaways:

  • Antimony Resources has completed drilling of 3,150 meters in 16 drill holes and has re-commenced drilling to complete a total of 6,000 meters of drilling at the Bald Hill Antimony Property.
  • The company has announced the discovery of a second mineralized zone, approximately 450 meters southeast of the Main Zone, with high-grade antimony bearing stibnite in 75% of the holes.
  • Intersections of up to 14.91% Sb over 3.0 meters and 9.85% Sb over 4.3 meters have been reported, including a strike length of 400 meters vertical.
  • The new drill program will focus on infilling where drill intersections of mineralization were wide spaced on the Main Zone, to assist in determination if there is sufficient continuity of the mineralization and data to enable the creation of a Maiden Resource.
  • Mineralization consists of massive antimony bearing stibnite, veins and stibnite bearing breccia within metasediments and metavolcanics, associated with alteration of sericite, quartz, and carbonate.
  • Figure 1 shows the drillhole locations on the Bald Hill Antimony Main Zone, while Figure 2 shows the trace of the antimony in soil anomaly, highlighting the newly discovered zone.

Statistics:

  • 3,150 meters of drilling have been completed in 16 drill holes by Antimony Resources at the Bald Hill Antimony Property.
  • The company has re-commenced drilling to complete a total of 6,000 meters of drilling at the property.
  • Intersections of 4.17% Sb over 7.4 meters, 9.85% Sb over 4.3 meters, and 14.91% Sb over 3.0 meters have been reported.
  • The Main Zone mineralization has been extended for 400 meters vertical.
  • Historical drilling has returned intersections of up to 11.7% Sb over 4.51 meters, including 20.9 Sb over 2.29 meters.

Sources:

  • Globex Mining Enterprises Inc.
  • Antimony Resources Corp.
  • NI 43-101.