Antimony Resources Unearths 26.9% Antimony Vein as Bald Hill Drilling Campaign Looms

A high-grade intercept peaking at 26.9% antimony has emerged from Antimony Resources’ Bald Hill project in New Brunswick, reinforcing the potential of the deposit as the company prepares to mobilise three drill rigs for a 19,000-metre campaign starting in the second week of May. The standout result came from hole BH-26-10, which cut two massive mineralised zones extending hundreds of metres below surface. The upper interval stretched more than 14 metres at an average grade of 1.37% antimony, with a much richer vein embedded inside it. A second zone in the same hole delivered values up to 6.9% antimony. The deepest intersection in the current programme reached nearly 500 metres, confirming that the system continues to extend well beyond earlier models.

The company is now fully funded for the next exploration push. Cash reserves stood at C$8.24 million at the end of February 2026, a sharp improvement from C$1.75 million in August 2025, following a net C$8.70 million capital raise in November and additional proceeds from option exercises. The total number of shares outstanding has climbed above 103 million as a result, but analysts at GBC AG see the dilution offset by the in-the-money value of outstanding options. The research house recently reaffirmed its buy recommendation and year-end price target of C$3.00 per share.

Of the 19,000 metres planned, roughly 13,000 metres will focus on expanding the known main zone to depth, while 6,000 metres are earmarked for exploration targets including the Marcus, BH Central and BH South zones. Geochemical sampling conducted three kilometres south of the main zone has already returned anomalous antimony values, suggesting the mineralised footprint may be significantly larger than currently outlined. The company is also advancing metallurgical test work and 3D modelling of the deposit as it gradually transitions from pure exploration toward development. A conceptual target of 2.7 million tonnes of rock was estimated in a technical report earlier this year, and management expects to submit formal permit applications by late 2026 or early 2027.

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The parallel workstreams of resource definition and permitting are being coordinated to compress the timeline toward a future construction decision. Engineering firm GEMTEC has been retained to produce a detailed regulatory schedule following the completion of the resource estimate. Meanwhile, the broader antimony market is tightening. China’s export controls on the critical metal are due to escalate on 27 November 2026, and the global market has been running a structural supply deficit since 2022, driven primarily by surging demand from the solar industry. With the Bald Hill campaign now fully backed by cash and a clear strategic timeline, Antimony Resources is positioning itself squarely at the intersection of a promising discovery and a looming Western supply gap.

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