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Big Red Mining Signs Option to Acquire 100% of Antimony 2.0 Property located In New Brunswick, Canada
Highlights Antimony has been detected at highly anomalous levels in soil samples collected on the property by the Vendor. The Property comprises over 35 square
About this update from Antimony Resources Corp.
[{"type":"text","content":" Highlights Antimony has been detected at highly anomalous levels in soil samples collected on the property by the Vendor. The Property comprises over 35 square Kilometers of relatively unexplored ground with excellent access and hydro power. Gold has been panned from streams draining the area. New Brunswick is one of the most mining friendly provinces in Canada Exploration is scheduled to commence immediately on the property. Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Big Red Mining Corp. (CSE: RED) (FSE: K8J) (the \"Company\" or \"Big Red\") announces it has entered into an option agreement with Edge Exploration Inc., to acquire 100% ownership of the Antimony 2.0 Property in New Brunswick, Canada. The property is located approximately 25 kilometers west of Fredericton, the Provincial Capital and approximately 15 km north-northeast of the historic Lake George Antimony Mine. The Lake George Antimony Mine operated for various periods from the 1860s to 1998 and produced as much as 4% of the world's demand of Antimony from 1970 through 1992. The Antimony 2.0 property has excellent access including provincial and logging roads and hydro power. The Antimony 2.0 Property Big Red's 35 sq km optioned Antimony 2.0 Property has exciting antimony discoveries by personnel of Edge Exploration Inc. (\"Edge\") which include three particularly robust antimony soil anomalies. These findings stem from a 395-sample reconnaissance soil survey and drone-conducted magnetic survey. Geology is the same package of interbedded Silurian greywacke and argillite that characterizes Lake George Antimony Mine approximately 15 km to the southwest. Big Red has planned an immediate work program to define productive antimony drill targets which will be tested this coming winter. The immediate program will include analysis of over 400 soil samples and 5 km of Induced Polarization (\"IP\") surveying at various dipole spacings. The soil samples to be analyzed were previously collected by Edge personnel to expand and refine the areas of antimony soil anomalies previously detected. The IP survey will be focused on the areas of anomalous soil values to detect areas of mineralization and to outline differences in resistivity which could indicate mineralizing conditions in the subsurface. Figure 1: The Antimony Property Mr. James Atkinson, the newl...