Golden Pike Project Shows Up to 53% Antimony and 2.38 g/t Gold in Drilling
Bryah Resources has exercised its option to acquire the Golden Pike Project in New Brunswick, revealing significant high-grade antimony and gold mineralisation potential supported by historical data and recent drilling.
- Acquisition of Golden Pike Project in New Brunswick, Canada
- Historical boulders grading up to 53% antimony (Sb)
- Drill intersections with up to 12.5% Sb and 2.38 g/t gold (Au)
- Project covers 3,292 hectares with multiple exploration targets
- Antimony recognised as a critical mineral with growing demand
Strategic Acquisition in a Critical Minerals Hotspot
Bryah Resources Limited has taken a decisive step by exercising its option to acquire the Golden Pike Project, a high-grade gold and antimony exploration asset located in south-central New Brunswick, Canada. This move follows a thorough due diligence process that not only reaffirmed the project's gold potential but also highlighted compelling antimony mineralisation, a critical mineral increasingly sought after amid global supply constraints.
Historical Data Reveals Exceptional Antimony Grades
Historical exploration work dating back to 2008, including soil sampling and prospecting by Rockport Mining Corporation, uncovered boulders with antimony grades as high as 53% Sb. Subsequent drilling by Globex Mining Enterprises between 2016 and 2017 further confirmed the presence of vein-style antimony mineralisation, with drill holes intersecting up to 12.5% Sb over 0.5 meters and associated gold grades reaching 2.38 grams per tonne. These findings suggest a robust mineral system with significant upside for both metals.
Exploration Potential Across a Vast Tenement
The Golden Pike Project spans approximately 3,292 hectares and comprises 146 contiguous mineral claims. The property hosts multiple prospective zones identified through detailed soil geochemistry and geophysical surveys. Bryah Resources plans to leverage this extensive dataset to guide a targeted exploration campaign aimed at delineating and expanding mineral resources, with a particular focus on confirming the strike and dip of antimony-bearing veins alongside gold mineralisation.
Antimony’s Rising Strategic Importance
Antimony is a metalloid with diverse industrial applications, including enhancing solar panel efficiency, flame retardants, metal alloys, and semiconductors. Recognised as a critical mineral by Canada, the US, Australia, and the EU, its supply is increasingly constrained by geopolitical factors. Bryah’s CEO Greg Hill emphasised the strategic timing of this acquisition, noting the surge in antimony prices and the opportunity to develop a dual-commodity project that aligns with global demand trends.
Next Steps and Market Implications
While the current antimony mineralisation is classified as exploration results and foreign estimates under Canadian standards, Bryah Resources intends to undertake further drilling and geological studies to upgrade these to JORC-compliant resources. The company’s planned CAD$500,000 initial expenditure commitment signals a focused approach to unlocking the project’s full potential. Investors will be watching closely as Bryah advances this promising asset amid a tightening critical minerals market.
Bottom Line?
Bryah’s Golden Pike acquisition positions it at the forefront of critical mineral exploration, with upcoming drilling set to define the project's true value.
Questions in the middle?
- How will Bryah’s upcoming drilling programs refine the antimony and gold resource estimates?
- What are the potential economic implications if antimony mineralisation is confirmed at scale?
- How might evolving geopolitical dynamics impact the strategic value of the Golden Pike Project?