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Canstar's High-Grade Antimony Showings, Including 74% Sb, at Golden Baie Highlight Potential Critical Minerals Upside as Price Rises on China's Export Restrictions
Toronto, Ontario--(Newsfile Corp. - September 5, 2024) - CANSTAR RESOURCES INC. (TSXV: ROX) (OTC...
About this update from Canstar Resources Inc.
[{"type":"text","content":"Canstar's High-Grade Antimony Showings, Including 74% Sb, at Golden Baie Highlight Potential Critical Minerals Upside as Price Rises on China's Export RestrictionsToronto, Ontario--(Newsfile Corp. - September 5, 2024) - CANSTAR RESOURCES INC. (TSXV: ROX) (OTC Pink: CSRNF) Canstar's Golden Baie Project is located 89 km southwest of the past-producing Chinese-owned Beaver Brook Antimony (\"Sb\") Mine, which hosted a 2.2-million-tonne deposit grading 3.99% Sb at 1.5% cutoff (Sandeman et. al., 2018). In addition to Golden Baie's extensive gold anomalies—including over 315 bedrock samples with more than 1 g/t gold, and till samples with up to 1,049 gold grains—it also features multiple high-grade* antimony anomalies at the Swanger's Cove and Le Pouvoir prospects with bedrock and channel samples assaying between 20.4% and 74.4% Sb (shown on map in Figure 1). With Chinese export restrictions of antimony set to take effect September 15, 2024 the high-grade occurrences of the critical mineral on the Company's Golden Baie Project take on new significance. High grade antimony discoveries at the Le Pouvoir Prospect include a bedrock vein with assays up to 74.4% Sb and 24.1 g/t gold, channel samples assaying between 20.4% Sb and 58.8% Sb, and a historical drill intercept assaying 30.6% Sb over 1 m. In 2024, Canstar staked an additional 1,100 hectares of prospective mineral claims surrounding the Le Pouvoir gold-antimony prospect. At the Swangers Cove Prospect, a historical bedrock sample taken by a local prospector from one of the semi-massive to massive veins assayed 30.1% Sb. HighlightsAntimony can be a pathfinder to gold and is targeted as part of the gold-focused exploration at Golden BaieCanstar's gold-antimony exploration targets at Golden Baie exhibited assays of 74.4% Sb and 24.1 g/t gold in bedrock vein within 90 km of the past-producing Chinese-owned Beaver Brook Antimony MineAntimony is a critical mineral of special importance to defense and national security, and the majority of the world's production has been controlled by Russia and ChinaChina's announced antimony export restrictions take effect September 15, increasing risk of supply shocks, given the West's high net import reliance on China and few Western sources Antimony prices have already doubled this year, with some experts forecasting a rise to over USD$30...