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Marquee Resources (ASX: MQR) is higher in intra-day trade after wrapping up its first phase of drilling at its Mt Clement (Eastern Hills) Antimony Project in Western Australia.
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Surpassing the original six-hole game plan, 1,340 metres was drilled across seven reverse circulation (RC) holes. All holes intersected antimony mineralisation, delivering a 100% success rate.
Results include:
- 8m at 1.05% Sb and 2.85% Pb from 137m (including 4m at 1.35% Sb and 3.55% Pb),
- 8m at 1.02% Sb from 81m (including 4m at 1.48% Sb),
- and 3m at 5.33% Pb from 58m, including a 1m hit at a whopping 11.7% Pb.
“We are extremely encouraged by the outcomes of our first phase of drilling at Mt Clement. Every hole intersected antimony mineralisation and validates our geological model,” said Marquee’s executive chairman Charles Thomas.
He continued: “Importantly, we’ve also identified new mineralisation structures that could substantially increase the scale of the system.”
The results are strategically important for the exploration company, as they confirm both strike and depth extensions to historical mineralisation, while also revealing new subcropping structures that could seriously boost the project’s scale.
The Mt Clement Project sits on the eastern flank of what Black Cat Syndicate (ASX: BC8) describes as “Australia’s largest undeveloped antimony deposit.” It’s part of a broader resource containing 794kt @ 1.7% Sb (~13kt Sb), plus gold and silver.
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Assays for gold and silver from the current program are still pending; Mr. Thomas said the team is refining targets for the upcoming, fully permitted Phase 2 drilling, due to kick off later this quarter.
The company’s maiden Mineral Resource Estimate is expected by the end of August 2025.
MQR has been trading at 1.3cps in lunchtime trade.
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