What's Happening?
Diablo Resources Limited has discovered a significant silver–antimony geochemical anomaly at its Star Range Project in Utah, USA. The anomaly, identified through first-pass soil sampling at the South Star Prospect, extends over a kilometer and remains
open to the northeast. This finding is supported by high-grade rock samples and historical workings, indicating multiple mineralized vein and breccia systems. Historical rock samples have shown high values of silver and antimony, and recent sampling by Diablo has confirmed elevated levels of these minerals along with gold. The project is located in a well-established mining district, enhancing its potential for further exploration.
Why It's Important?
The discovery of this anomaly enhances the potential of the Star Range Project, which is part of Diablo's strategy to target U.S. critical minerals. The presence of high-grade silver and antimony, along with gold, could significantly boost the project's value and attract further investment. This development is crucial as it aligns with the growing demand for critical minerals, which are essential for various industries, including electronics and renewable energy. The project's location in a historic mining district adds to its strategic importance, potentially contributing to the local economy and job creation.
What's Next?
Diablo Resources plans to conduct additional geochemical sampling and field mapping across several priority targets. Ground geophysics at the North Star Prospect has been completed, with data being processed to refine drill targets. The company is progressing towards its maiden drilling program, anticipated in the June 2026 quarter, subject to final target definition. These steps are expected to further delineate the mineralized zones and enhance the project's resource base, positioning Diablo as a key player in the U.S. critical minerals sector.
