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EV Resources (ASX:EVR) is gearing up to get drill rigs spinning on-site at its Mexican Los Lirios antimony project through the next month, with a positive due diligence decision locked in for the Tecomatian processing plant.
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Ahead of the campaign planned for the second half of January, the company expects later this month to receive its first batch of testwork samples from ore on-site, as well as remaining assays from prior activities.
Last month, the company confirmed potential for a large-scale antimony system on-site at Los Lirios after a fieldwork campaign with the current mineralised area interpreted to extend for some six kilometres of strike, 4.5km peak width.
(In the background, the company also acquired a separate antimony project in the U.S. state of Nevada.) At Los Lirios, EVR has been busy preparing a worker camp setup, warehousing facilities, and other key assets.
“My recent visit to Mexico reinforced the quality of our assets and strengthened my confidence in our pathway to becoming a near-term antimony producer,” EV Resources chief Mike Brown said.
“At Los Lirios, the structural preparation, alteration and historical workings all highlight the potential for a significant antimony system… mineralisation returned to date allows us to advance drill planning with confidence.
“Equally important is the Tecomatlán plant, which provides a strategic foundation for our production ambitions. Its location near transport routes and potential feed sources supports a staged development profile.”
EVR last traded at 0.9cps this morning.
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