Mr. Jim Atkinson reports
ANTIMONY RESOURCES CORP. (ATMY) (ATMYF) (K8J0) ANNOUNCES FINANCING
Antimony Resources Corp. has arranged a flow-through financing of up to 10.64 million flow-through common shares at 47 cents for gross proceeds to the company of up to $5-million. The net proceeds received from the offering will be used by the company for exploration and development activities.
Bald Hill antimony project -- a project with significant antimony potential
Highlights:
- Bald Hill is a well-known, high-grade antimony deposit in southern New Brunswick, Canada;
- Assays indicate that Bald Hill is the highest-grade antimony deposit in North America with minable grades and widths indicated by drilling;
- Drilling has outlined an antimony deposit in the Main zone over 600 metres long and to a depth of at least 350 metres. The mineralization is open in all directions;
- Widths of mineralization average four to five metres and grades average 3 per cent to 4 per cent antimony;
- National Instrument 43-101 technical report: the estimated potential quantity and grade of the drilled area from the 2025 technical report, which is the target of the company's exploration, is reported in the technical reports approximately 2.7 million tonnes with a grade between 3 per cent and 4 per cent antimony; for more details on the potential of the project as described by the author of the technical report, please consult the NI 43-101 report, which has been filed on SEDAR+; Antimony Resources has not completed enough work to confirm this estimate; the potential quantity and grade are conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource;
- Potential to expand based on recently discovered targets and additional claims added to the property to the west, south and east;
- New zones outlined by soil sampling approximately three kilometres south of the Main zone on the newly acquired Second Run claim.
The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc, PGeo, president and chief executive officer of Antimony Resources, who is a qualified person as defined by NI 43-101.
About Antimony Resources Corp.
Antimony Resources is an exploration and development company focused exclusively on antimony. The company's management team possesses extensive experience in financing, exploration, development and mining. The company is focused on becoming a significant North American producer of antimony.
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