Atermis Resources has intersected a high-grade antimony mineralisation from drilling at Eastern Hills antimony project.Diversified ASX-listed exploration company Artemis Resources announced that it has intersected high-grade antimony mineralisation (of up to 10%) from the latest assay results of its 15 hole, 2,470 metre drill program at the Company’s Eastern Hills Antimony-Lead Project in the Ashburton region of Western Australia. Assay results have now been received from the first nine holes of the program and confirm the existence of significant antimony-lead-silver-gold mineralisation in all holes to date. The results have significantly extended the mineralised zone (with increased antimony grades) and also extended mineralisation down dip, and assay results from the remaining six holes will be reported in November as they are received. The program targeted the Taipan Zone (previously known as the Eastern Hills Main Zone) only and did not include any of the three recently identified new antimony-lead zones north and northeast of the Taipan Zone. These new zones have a combined mapped strike length of approx 2.8 kilometres, and show similar alteration and mineralisation styles to the Taipan Zone.
The Eastern Hills antimony-lead project is located approximately 30km south-southwest of Northern Star Resources Ltd’s Paulsens Gold Mine. Drilling was designed to upgrade the project’s 410,000t-1.25Mt @ 1.5-1.9% Sb and 2.1-2.7% Pb Exploration Target to a JORC compliant Resource, which is due later in Q4, 2013.Antimony is a specialty metal used in a wide range of industrial applications and is ranked one of 14 Critical Raw Materials by the EU. The antimony price has been strong for sometime (currently ~US$9,500/pt) and the outlook is positive as new sources of antimony, outside of Chinese supply, are required to meet demand. “Following earlier results, we are encouraged by new high grade antimony (up to 10%), lead, silver and gold results at depth in the central area of the Taipan Zone, as well as a 35% uplift in grades in our latest twin hole. The mineralisation displays excellent continuity and our results continue to extend the depth potential of the deposit, which remains open down dip and along strike,” says Artemis General Manager-Exploration Trevor Woolfe.