Marquee Resources (ASX:MQR) is set to deliver a maiden resource estimate for the Mt Clement deposit, within the Eastern Hills Antimony-Gold Project in Western Australia, by the end of August 2025.
The Mt Clement Project has a resource of 794,000 tonnes @ 1.7% antimony.
This news comes after the company completed an initial reverse circulation drilling program at Eastern Hills, which had exceeded the original six-hole plan.
All holes intersected mineralisation and confirmed multiple zones of antimony mineralisation, confirming extensions to known mineralisation and highlighting a new sub-cropping structure that may enhance the project’s scale.
Executive Chairman Charles Thomas says the company identified new mineralisation structures that could increase the scale of the system.
“With antimony prices remaining strong, these early results are a step forward as we continue to unlock the potential of Mt Clement,” Thomas says.
“We look forward to receiving the full suite of multi-element assays in the coming weeks, which will help us refine our targets for the fully permitted phase two drilling program. These further analytical methods will not impact on the final results reported here for antimony and lead.”
Some of the results include 8m @ 1.05% antimony and 2.85% lead from 137m, including 4m @ 1.35% antimony and 3.55% lead from 137m; and 3m @ 5.33% antimony and 0.46% lead from 58m.
An extensive phase two drilling program is expected to begin later this quarter.
Marquee Resources is a diversified mineral explorer focused on its project portfolio in Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Marquee Resources
