Arizona Gold Silver Identifies Significant Antimony Target at Silverton Project

What's Happening?

Arizona Gold & Silver has announced results from a sampling program at the Silverton Project in Nevada, revealing a substantial antimony target. The project hosts a Carlin-type large tonnage gold system and an antimony-gold-silver vein. The sampling program collected 14 samples from stibnite-quartz veins and adjacent areas, with results showing antimony grades up to 7.95%. The average grade of all samples was 1.38% antimony. The project database includes geochemistry from over 2,000 rock samples collected by previous companies. The US Bureau of Land Management has accepted a financial guarantee for a proposed drilling program, which will include 27 drillholes from 17 pads.

Why It's Important?

The discovery of a significant antimony target at the Silverton Project is crucial for Arizona Gold & Silver as it enhances the project's potential value. Antimony is a critical mineral used in various industrial applications, including flame retardants and batteries. The identification of high-grade antimony veins could attract investment and partnerships, boosting the company's exploration efforts. Additionally, the acceptance of a financial guarantee for drilling by the US Bureau of Land Management indicates regulatory support, which is essential for advancing the project. This development could have broader implications for the US mining industry, particularly in securing domestic sources of critical minerals.

What's Next?

Arizona Gold & Silver plans to proceed with a drilling program at the Silverton Project, which will further assess the size and quality of the antimony target. The results of this program could lead to a more detailed understanding of the project's potential and guide future exploration strategies. The company may also seek partnerships or funding to support its exploration activities. As the demand for critical minerals like antimony grows, the Silverton Project could become a key asset in the company's portfolio, contributing to the supply of essential materials for various industries.