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Madison Metals, Inc. ( (TSE:CRTL) ) has shared an announcement.
Critical One Energy has reported that the first diamond drill hole at its Howells Lake Antimony-Gold Project in Ontario has intersected broad near-surface antimony mineralization, with multiple zones of visible stibnite over roughly 100 metres of core starting at 24 metres depth. The hole, the first modern drilling on the historic Howells Lake East Antimony Zone since 1979, also showed associated sulphide mineralization, and samples have been sent for assay as part of a roughly dozen-hole Phase I program.
Visual logging indicates disseminated to semi-massive stibnite in altered feldspar porphyry and quartz-carbonate veins, consistent with historical geological models for the East Zone, suggesting the mineralized system continues to be robust. The early confirmation of near-surface mineralization strengthens the project’s potential at a time of elevated antimony prices and strategic demand, with detailed assay results expected to clarify the scale and grade of the discovery and its implications for the company’s growth in critical minerals exploration.
More about Madison Metals, Inc.
Critical One Energy Inc. is a Canadian mining exploration company focused on critical metals and minerals, with a flagship interest in the Howells Lake Antimony-Gold Project in northwestern Ontario. The company targets antimony, a metal considered strategically important for military and defence supply chains, positioning itself within the broader critical minerals sector.
Average Trading Volume: 65,619
Technical Sentiment Signal: Hold
Current Market Cap: C$57.32M
Find detailed analytics on CRTL stock on TipRanks’ Stock Analysis page.