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EV Resources Limited ( (AU:EVR) ) has shared an update.
EV Resources has reported that first-pass drilling at the Los Lirios Antimony Project has intersected a laterally extensive, shallow carbonate replacement deposit in 10 of 11 holes, confirming the presence of a system-scale antimony target. The identified CRD horizon shows relatively consistent thickness and geometry, and has been traced over at least 400 metres of strike, remaining open in most directions.
Channel sampling of the same unit has returned antimony grades up to 30.2%, boosting confidence in the system’s grade potential ahead of pending drill assays and reinforcing the project’s scale thesis. The company says these results provide a clear pathway toward defining an Exploration Target and a maiden JORC Mineral Resource Estimate, a key step that could enhance the project’s value and strengthen EV Resources’ position in the global antimony supply chain.
More about EV Resources Limited
EV Resources Limited is an ASX-listed exploration company focused on antimony at its 70%-owned Los Lirios Antimony Project in Oaxaca, Mexico. The project is strategically supported by the Tecomatlán Processing Plant located about 50km away, which is undergoing refurbishment to underpin future development and potential production of antimony concentrates.
Average Trading Volume: 24,925,995
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$27.36M
See more data about EVR stock on TipRanks’ Stock Analysis page.