Big Red Mining Corp. has optioned the Bald Hill Antimony Property in southern New Brunswick, Canada. This option agreement is part of the company's strategy to expand its antimony portfolio throughout North America. The Bald Hill property is known for its high-grade antimony deposits, with past drilling outlining a deposit over 500 meters long, averaging widths of over 3 meters and grades of 3% to 4% antimony.
The property is located in Queens County, New Brunswick, with excellent access via provincial and regional highways. Since its discovery in 2008, a total of 25 drill holes have been completed on the property. The deposit consists of at least three antimony-bearing breccias and hydrothermal vein zones trending northwesterly. Mineralization has been defined over a 700-meter strike length to a vertical depth of 300 meters and remains open in all directions
Location: Queens County, New Brunswick, Canada
Access: Provincial and regional highways
Drilling: 25 drill holes since 2008
Deposit: Three antimony-bearing breccias and hydrothermal vein zones
Mineralization: Defined over 700 meters strike length to a depth of 300 meters
High-Grade Antimony:
A total of 25 drill holes have been completed on the property since discovery in 2008. The deposit consists of at least three antimony-bearing breccias and hydrothermal veins zones trending northwesterly. Mineralization has been defined over 700 meter strike length to a vertical depth of 300 meters and is open in all directions and to depth. High Grade antimony has been encountered in drilling including the discovery Hole DDH08-03 which intersect ed 4.51m @ 11.7% Sb including 2.29m grading 20.9% Sb. 2010 Trenching ~ 450 meters south of DDH08-03 returned 2.90% Sb over 8.18m, which included 5.79% Sb over 1.75m and 8.47% over 1.53m.
The Bald Hill Property is subject of a NI43-101 Technical Report by CRA dated May 2010. (Reference: NATIONAL INSTRUMENT 43-10 TECHNICAL REPORT BALD HILL ANTIMONY PROJECT SOUTHERN NEW BRUNSWICK, CANADA NTS MAP SHEET 21G/09 AND 21H/12 Prepared For: Rockport Mining Corp.)
While noting that the report does not describe a resource, that report does present the Potential for the Bald Hill Project based on work to that date.
Between March 2008 and June 2008, Rockport Mining Corp completed 16 diamond drill holes totaling 3454 meters on the Bald Hill Property. A total of 609 samples (including QA/QC) were assayed from the drill program. The drilling has outlined a northwest-southeast trending antimony-rich mineralized zone over a strike length of 450 metres. Significant antimony mineralization intersected by the drilling includes 11.7% Sb over 4.51 metres (core width) in diamond drill hole BH-08-03. A summary of significant drill hole assay results is shown in Table 3. Surface mineralization assayed 43% Sb over 2.0
metres. The mineralized zone remains open in all directions and is felt to have significant potential for expansion.
The potential tonnage and grade of a potential mineral deposit at the Bald Hill Property, which is the target of further exploration, is expressed as ranges in the Table. The potential quantity and grade is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
The Company plans to conduct further exploration, including up to 2000 meters of diamond drilling, to expand the known mineralization and potentially define a mineral resource.
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