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EV Resources (ASX:EVR) has confirmed in fieldwork studies the presence of a large-scale antimony system on-site at its Mexico-based Los Lirios project, with that system looking like it could extend along 4.5km over 6km of strike. Mapping and trenching confirmed stibnite mineralisation, EVR reported on Tuesday.
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A large breccia body was mapped in the Hormiguero area, one target area of interest, which was 70m wide and 380m in length; elsewhere, over 300 channel samples were collected from 27 trenches. The next step for EVR is a maiden 2,000 metre drill run slated to start spinning in the coming months.
At the same time, the company is moving ahead with procurement for its proximal Tecomatian plant, both design and parts, with that plant dubbed a feasible value-add to commence construction of given the existing results of prior tests, and pending metallurgical testwork.
“The soon-to-be-completed preliminary metallurgical testwork has shown very promising gravity recoveries, suggesting a straightforward path to concentrate production,” EV Resources CEO Mike Brown said.
“I’m on the ground in Mexico this week with the team to oversee progress and ensure we are well-positioned as we transition into drilling… the extent of structural preparation, continuity of stibnite at surface and large breccia zones provide a compelling foundation for targeted drilling.”
EVR last traded at 1cps.
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