ATMY reports “massive” antimony-bearing mineralization at Bald Hill project

Staff Writer | July 2, 2025 | 4:49 pm Critical Minerals Exploration Canada Specialty Minerals

Mineralization at Bald Hill project in New Brunswick, Canada. Image: Antimony Resources

Antimony Resources (CSE: ATMY) reported Wednesday that the first assays have been received from drilling at its Bald Hill project, including sections of “massive antimony stibnite” and “stibnite bearing breccia-filling” intersected.

The Bald Hill project is located in Canada’s New Brunswick province.

The assays comprise four of the initial holes completed as part of an expanded 2,700-meter drill program on the property.

Drill hole BH-25-04 returned 4.17% Sb (antimony) over 7.4 meters, including three zones of massive stibnite that returned 28.8%, 21.9 % and 17.9% Sb respectively. Drill hole BH-25-03 returned 2.76% Sb over 2.8 meters, including 19.0% Sb from 0.4-metre depth.

Drill holes BH-25-01 and BH-25-02 did not reach the target before the holes were abandoned.

Assays for the next set of drill holes are expected in two to three weeks, the company said.

Ten additional drill holes have been completed to date, and sections of massive antimony stibnite and stibnite bearing breccia-filling have been intersected in the drill holes, ATMY noted, adding that the antimony-bearing mineralization has been outlined in surface outcroppings over at least 300 meters beyond the original drilling.

Stibnite is commonly mined for its antimony content. The recent cancellation of antimony exports by China, combined with a substantial price increase, have driven efforts to locate and extract this critical metal in Canada and the US.

“I am very pleased with the assays returned for drill holes BH-25-03 and BH-25-04,” Antimony Resources CEO Jim Atkinson said in a news release. “The shortfall of the first two drill holes was disappointing, but we have better identified the location of the mineralization with each successive drill hole, and the surface mapping and have retargeted the area of drill holes 1 and 2 with additional drill holes to intersect the zone.”

“The results obtained in these first samples have increased our confidence in the validity of the previous drilling results and will assist in establishing the drill hole density we will need for a resource,” Atkinson added.

By market close in Toronto, Antimony Resources’ stock was down 21% with a C$6 million ($4.4m) market capitalization.