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“Fast track” is the buzzword in Utah for Trigg Minerals (ASX:TMG), with the Australian explorer outlining a new target at its Antimony Canyon Project: The twenty newly-acquired patented mining claims picked up last week.
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This content has been prepared as part of a partnership with Trigg Minerals Ltd and is intended for informational purposes only.
The target for the claims, which Trigg has mineral and surface rights ownership for, has been defined at 6.1 to 6.9 million tonnes, grading 1.4% to 2.3% antimony, representing 86,000 to 158,000 tonnes of contained metal.
“We now control not only the mineral rights, but also the land surface,” the company’s managing director, Andrew Booyzen, explained today. “[This] gives us the ability to advance exploration and development without delays and allowing the company to pursue its near-term, pilot-scale mining ambitions aggressively.”
Trigg did add that these flagged targets are “conceptual” right now, and not yet classified as a Mineral Resource, but the company will stage further exploration to validate and expand the data as quickly as possible.
Recent sampling had standout results that will go towards that data, including 1.5 metres at 33.2% antimony. Several other samples in the bundle cleared 10% Sb.
Trigg’s exploration program on the patented blocks will include detailed mapping, geophysics, trenching, and drilling aimed at validating historical data and defining a high-grade, JORC and S-K 1300 compliant MRE.
The company also stated it remains “well-capitalised” to pursue these strategies.
Price-wise, TMG has enjoyed a major +18.2% jump on its exploration plans. The explorer now sits at around 13cps through to Thursday lunchtime.
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