What's Happening?
Arizona Gold & Silver Inc has announced a new exploration plan for its Silverton gold-antimony project in Nevada. The company has received authorization to conduct a drill campaign targeting a specific zone on the property, which will include 27 reverse circulation drill holes from 17 pads. This decision follows a re-examination of historical data, focusing on stibnite-quartz veins over a 900 by 400-meter area. The company reports that over 25 surface samples contain more than 1% antimony, indicating a high potential for a near-surface deposit. The Silverton property has been explored intermittently since the 1980s, with 66 holes drilled to date. Renewed interest in antimony, driven by its rising spot price and government spending, has made the mineral more appealing.
Why It's Important?
The exploration of antimony is significant due to its rising demand and strategic importance. Antimony is a critical mineral used in various industrial applications, including flame retardants and batteries. The U.S. government is investing in domestic antimony production to reduce reliance on foreign sources. Arizona Gold & Silver's exploration efforts align with this national strategy, potentially contributing to a more secure supply chain. The company's focus on antimony, alongside its primary gold operations, reflects a broader industry trend towards diversifying mineral portfolios to include critical minerals.
What's Next?
Arizona Gold & Silver plans to continue its exploration activities at the Silverton site, with additional drilling scheduled for early 2026. The company aims to produce a maiden resource estimate, which could further validate the site's potential. As the U.S. government continues to prioritize critical mineral production, Arizona Gold & Silver may benefit from increased support and investment. The outcome of the exploration could influence future strategic decisions and partnerships within the mining industry.
