News about antimony

Alkane Resources (ASX: ALK) has reported initial exploration results from Nagambie, Victoria, where it has agreed to spend at least $12.5M over three years to earn a 60% interest, with an option to reach 80%. Three holes totalling 1,868m have been drilled, and initial assays confirm a highly mineralised, continuous gold-antimony system, with the C2 zone intercepted 115m below its previously known extent. Highlights include 3.3g/t gold and 0.7% antimony over 10.6m in the C3 zone, and 1.2g/t gold and 2.5% antimony over 9.7m in the C2W zone. Managing Director Nic Earner said Nagambie is analogous to the Costerfield deposit and could help extend mine life, with the option period running until April 2027.

Alkane Resources (ASX:ALK) has confirmed and extended gold-antimony mineralisation at its Nagambie Project in Victoria, including high-grade intercepts outside the existing Inferred Mineral Resource. Three diamond holes totalling 1,868 m showed the C2W zone extends about 115 m further down-dip, and the company estimates a vertical extent of more than 250 m for the lode. One intersection returned 10.6 m at 3.3 g/t gold and 0.7% antimony, including 1.3 m at 17.0 g/t gold and 5.9% antimony. The current Inferred Resource is 539,000 tonnes containing about 58,000 ounces of gold, and Alkane can earn 60% by spending A$12.5 million over three years, with an option to reach 80% through a further A$15 million.