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Xtra Energy Corporation Reports High-Grade Antimony Assay Results from On-Site StockPiles, Paving the Way for U.S.-Based Production
Xtra Energy Corporation Reports High-Grade Antimony Assay Results from On-Site StockPiles, Paving the Way for U.S.-Based Production.
About this update from Xtra Energy Corp.
[{"type":"text","content":"AUSTIN, TX / ACCESSWIRE / August 19, 2024 / Xtra Energy Corp. (OTC Pink:XTPT) is excited to announce the successful assay results from our on-site mill grade stockpiles at the American Antimony Project, located about 57 miles northeast of Fallon, Nevada. The assay results confirm high-grade antimony content, marking a critical step forward in our plans to initiate U.S.-based production of this strategically important mineral.Figure 1 : Collage of the Tested Piles Antimony, a critical mineral used in a variety of industrial applications, including flame retardants, alloys, and battery technologies, is increasingly in demand. The assay results revealed a range of 160 ppm Sb to as high as 31% Sb, with an average grade of 2.73% Sb across the 4 tested piles so far, estimated at a tonnage of 10,000 tons. The assay results highlight the economic viability of these piles and reaffirm our commitment to becoming the sole domestic supplier of antimony.Figure 2 : American Antimony Project Piles Tested vs. Not Tested Mac J. Shahsavar P. Eng., Chairman stated: "These high-grade assay results are a significant milestone for Xtra Energy. They validate our strategy to leverage existing resources for near-term production. With antimony recognized as a critical mineral by the U.S. government, establishing a domestic source is not only a strategic opportunity for our company but also a contribution to national security and supply chain resilience."Assay and Tailings Pile Details:Location: The piles are spread across our American Antimony Project site in the Bernice Mining District, which was historically known for antimony mineralization and production during both World Wars.Assay Results: For the test, 24 complete samples were taken from four stockpiles and sent to American Assay Laboratories in Sparks, Nevada, for testing by a third-party lab. The results showed consistent high-grade antimony concentrations, with an average of 2.73% Sb.Click Here for Lab ReportsProduction Potential: These findings will guide the next phase of our project, which includes road construction and planning for the start of on-site processing and production. These findings, based solely on mill grade stockpiles, further validate the mines for their economic viability, redevelopment, and further material extraction. We can clean up the multiple piles through re...