Octava Minerals Ltd (ASX: OCT) has announced that exploration at Yallalong will focus on previously identified and partially drilled high-grade antimony targets.
Octava’s managing director, Bevan Wakelam, stated, “Following the completion of a base metal reconnaissance drill programme in early 2024, the team has been re-examining project data to determine next steps for Yallalong. It was noted that historic drilling for antimony had been carried out at the project and with ingot prices increasing from US$8000/t to now over US$24,500/t, there is definitely unfinished business for antimony at Yallalong.”
Historic drilling at the Discovery Antimony Prospect in 2015/16 returned high-grade antimony intersections including:
• YRC06: 3m @ 6.83% Sb from 21m including 1m @ 13.6% Sb from 22m
• YRC16: 7m @ 3.27% Sb from 12m including 1m @ 11.5% from 18m
• YRC27: 6m @ 1.35% Sb from 13m
The high-grade antimony mineralization at Discovery is open in several directions with prior drilling only focusing on the shallow oxide material.
Previous soil and rock chip programmes identified a 10km north-south striking mineralized antimony corridor, including quartz vein sample, YA123, which assayed 60.1% antimony (Sb), 0.28% lead (Pb), 0.14% copper (Cu) and 31ppb gold (Au). There were an additional three antimony prospects identified, Central, North, and No.4 where there has been no drilling and remain high priority targets.
Additionally, POW’s have been submitted and drilling is planned with the aim of outlining a resource.
To find out more, please visit www.octavaminerals.com
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