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Trigg Minerals (ASX:TMG) has climbed as much as +12% through Tuesday trade after lauding “bonanza” high-grade antimony results from its Phase 2 sampling campaign at its Utah-based Antimony Canyon Project, including a major northern extension and strong continuity of mineralisation.
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Disclaimer: This content has been prepared as part of a partnership with Trigg Minerals Ltd and is intended for informational purposes only.
While TMG shares have pulled back slightly – to around 11cps – after lunchtime as the ASX 200 retracts from morning highs, the interest has been palpable.
HotCopper users were particularly bullish on the project’s extended system, which now stretches more than 3.5 kilometres along strike. Multiple stacked and high-grade zones were also uncovered, Trigg reported today.
The market also clearly liked the “bonanza” assays dug up in Utah, including 29.4% antimony from the Little Emma area, 24.25% SB from Pluto, and 17.94% SB from the Gem Mine zone. Multiple samples cleared 1% across ACP, geotechs said, and will now be added to a chip sets from November.
Trigg loved one thing more than any other, too: The high-grade mineralisation a full kilometre to the north, which the explorer dubbed a “gamechanger.”
“Identifying high-grade antimony associated with a CSAMT conductor in the newly defined northern extension supports our district-scale exploration model,” said managing director Andre Booyzen today. “It indicates that the mineralising system is much more widespread than the historic footprint had implied.”
He added, “What is especially exciting from a technical point of view is the team’s success in ‘cracking the code’ on the geological controls. We have now confirmed that the ‘Salt n Pepper’ tuff is our main host rock.”
Trigg is now preparing to shift the entire Antimony Canyon project from reconnaissance to delineation and will soon start maiden drilling to test depths.
After its morning pop, TMG has settled in at +4.7% at time of writing.
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