Trigg Minerals (ASX:TMG) is preparing for its next phase of exploration, including drilling at the Antimony Canyon Project in the US, after channel sample results confirming multiple antimony zones.
Ahead of drilling, Trigg plans to conduct further geological mapping of priority targets and geophysical surveys to support identifying extensions of known mineralisation.
Once completed, the company will prepare initial drill sites to test high-priority zones.
This news comes after channel samples returned grades up to 1.5m @ 33.2% antimony and numerous samples exceeding 10% antimony.
New mineralisation has been discovered beneath the Flagstaff Formation, with stibnite-filled concretions in tuffaceous sandstone. The mineralisation occurs within a laterally extensive footprint measuring 3.5km by 1.5km, hosted in multiple, vertically stacked zones.
Trigg, which has a market capitalisation of $112.49 million, says this indicates potential for a “large, vertically extensive” system much bigger than initially perceived.
Managing Director Andre Booyzen says the results indicate that Antimony Canyon may be “one of the most exciting” emerging antimony projects in the US.
“The range of values is highly encouraging and points to a robust mineralising system,” Booyzen says.
Trigg Minerals is a critical minerals-focused explorer with a portfolio of projects in Australia and the US.
Write to Aaliyah Rogan at Mining.com.au
Images: Trigg Minerals
