Significant Updates on Antimony and Gold Projects
Globex Mining Enterprises Inc. (NASDAQ: GLBXF) has exciting news regarding its critical mineral projects located in New Brunswick. The company has been diligently working on two significant properties: one under option with Bryah Resources Ltd. and the other with Antimony Resources Corporation.
Bryah Resources Initiates Drilling Program
Bryah Resources has embarked on an ambitious 1,000-metre drilling campaign at the Golden Pike project, previously known as Devil’s Pike. This initiative aims to enhance the existing foreign resource estimate by converting it to a JORC compliant mineral resource. Completion of this drill program will see the drill rig moving to the Bond Road area, where exploration will continue to focus on high-grade antimony veins located within notable fault structures. A total of 1,200 metres of exploration drilling is planned across several locations.
Progress from Antimony Resources Corporation
Meanwhile, Antimony Resources Corporation has filed a detailed NI 43-101 Technical Report on the Bald Hill Antimony project. This report outlines the project comprehensively, reflecting on past work and summarizing the recently completed Phase 1 drilling efforts. Notably, the report indicates a promising potential for 2.7 million tonnes of ore at grades between 3.0% and 4.0% antimony (Sb), potentially yielding between 81,000 and 108,000 tonnes of contained antimony. This represents a substantial increase from previous estimates.
Future Exploration and Economic Viability
It is crucial to understand that Antimony Resources has yet to determine a defined Resource for the Bald Hill project. The potential outlined is conceptual and hinges on further exploratory efforts. The company is currently engaged in a robust 6,000-metre drilling initiative aimed at delineating the known deposits and extending the findings to the north and south. Once this program concludes, the total drill footage will amount to an impressive 15,000 metres, setting the groundwork for assessing the feasibility of establishing a Maiden Resource at Bald Hill.
Financing to Propel Progress
In a proactive move, Antimony Resources is also seeking up to $10,012,000 in financing to sustain its operations and further its aim of becoming a prominent producer of antimony in North America. The company is dedicated to ensuring its position in the market and enhancing the development of its antimony assets.
Contact Information for Further Inquiries
The recent updates are a clear indication of the progress being made by Globex Mining, and the commitment to advancing the exploration and development of their key projects. For additional information, shareholders and interested parties can reach out to:
Jack Stoch, P.Geo., Acc.Dir.
Executive Chairman & CEO
Globex Mining Enterprises Inc.
86, 14th Street
Rouyn-Noranda, Quebec, Canada J9X 2J1
Telephone: 819.797.5242
Fax: 819.797.1470
Email: info@globexmining.com
Website: www.globexmining.com
Frequently Asked Questions
What are the recent developments in Globex's projects?
Globex has reported significant advancements in its New Brunswick properties through partnerships with Bryah Resources and Antimony Resources, with ongoing drilling initiatives and resource estimates.
What is the goal of Bryah Resources' drilling program?
The goal is to upgrade the existing foreign resource estimate at the Golden Pike project to a JORC compliant mineral resource.
What does the NI 43-101 report entail for Antimony Resources?
The report details the potential for a considerable resource at the Bald Hill project and summarizes past and current drilling programs.
How much funding is Antimony Resources seeking?
Antimony Resources is looking to secure up to $10,012,000 to continue developing the Bald Hill property.
Who can be contacted for more information?
Jack Stoch, the Executive Chairman and CEO of Globex Mining Enterprises Inc., is the primary point of contact for inquiries.
