Canagold Identifies Significant Antimony Production Potential at New Polaris
Canagold Resources has announced significant antimony mineralization at its New Polaris Gold Project, alongside its existing gold resources. Antimony, classified as a critical mineral by Canada, US, and EU, is essential for defense technologies, semiconductors, fire retardants, and solar panels manufacturing.
The 2022 metallurgical test program, involving a 700 kg master composite with 390 mineralized drill core intervals, demonstrated a 92% antimony recovery rate in the bulk sulphide gold concentrate, with an average antimony grade of 0.44% in feed and 3.07% in concentrate. Notable drill intercepts showed high antimony concentrations, including 9.08% over 5.1m and 11.86% over 2.0m.
The company plans further evaluation of the antimony resource and additional metallurgical testwork in 2025 to assess the total resource and determine optimal processing conditions. This development could create a new revenue stream with minimal additional costs, as there are currently no producing antimony mines in Canada.
Canagold Resources ha annunciato una significativa mineralizzazione di antimonio presso il suo Progetto Oro New Polaris, insieme alle sue risorse auree esistenti. L'antimonio, classificato come minerale critico da Canada, Stati Uniti ed UE, è essenziale per le tecnologie di difesa, i semiconduttori, i ritardanti di fiamma e la produzione di pannelli solari.
Il programma di test metallurgici del 2022, che ha coinvolto un composito master di 700 kg con 390 intervalli di nucleo perforato mineralizzati, ha dimostrato un tasso di recupero dell'antimonio del 92% nel concentrato di oro solforato in bulk, con una grade media di antimonio dello 0,44% nel materiale in ingresso e del 3,07% nel concentrato. Intercettazioni notevoli nei fori di perforazione hanno mostrato alte concentrazioni di antimonio, tra cui il 9,08% su 5,1 m e l'11,86% su 2,0 m.
L'azienda prevede ulteriori valutazioni della risorsa di antimonio e lavori metallurgici aggiuntivi nel 2025 per valutare la risorsa totale e determinare le condizioni ottimali di lavorazione. Questo sviluppo potrebbe creare un nuovo flusso di entrate con costi aggiuntivi minimi, poiché attualmente non ci sono miniere di antimonio attive in Canada.
Canagold Resources ha anunciado una significativa mineralización de antimonio en su Proyecto de Oro New Polaris, junto a los recursos de oro existentes. El antimonio, clasificado como mineral crítico por Canadá, EE. UU. y la UE, es esencial para las tecnologías de defensa, los semiconductores, los retardantes de llama y la fabricación de paneles solares.
El programa de pruebas metalúrgicas de 2022, que involucró un modelo maestro de 700 kg con 390 intervalos de núcleo perforado mineralizado, demostró una tasa de recuperación de antimonio del 92% en el concentrado de oro de sulfuro a granel, con un grado promedio de antimonio del 0.44% en la alimentación y del 3.07% en el concentrado. Intercepciones notables mostraron altas concentraciones de antimonio, incluida una del 9.08% sobre 5.1 m y del 11.86% sobre 2.0 m.
La empresa planea una evaluación adicional del recurso de antimonio y más trabajo metalúrgico en 2025 para evaluar el recurso total y determinar las condiciones de procesamiento óptimas. Este desarrollo podría crear un nuevo flujo de ingresos con costos adicionales mínimos, ya que actualmente no hay minas de antimonio en producción en Canadá.
카나골드 리소스는 기존 금 자원과 함께 뉴 폴라리스 금 프로젝트에서 중요한 안티몬 광물화가 발견되었다고 발표했습니다. 안티몬은 캐나다, 미국 및 EU에서 중요한 광물로 분류되며, 방산 기술, 반도체, 내화 향상제 및 태양광 패널 제조에 필수적입니다.
2022년의 금속 공정 시험 프로그램은 700kg의 마스터 혼합물과 390개의 광물화된 시추 코어 인터벌을 포함하여 벌크 황화물 금 농축물에서 92%의 안티몬 회수율을 보여주었으며, 투입물에서 평균 안티몬 함량은 0.44%, 농축물에서 3.07%였습니다. 주목할 만한 시추 관측치는 5.1m에서 9.08% 및 2.0m에서 11.86%의 높은 안티몬 농도를 나타냈습니다.
회사는 2025년에 안티몬 자원의 추가 평가와 더 많은 금속 공정 시험을 계획하여 총 자원을 평가하고 최적의 가공 조건을 결정할 예정입니다. 이 개발은 현재 캐나다에 안티몬 생산 광산이 없기 때문에 최소한의 추가 비용으로 새로운 수익원을 창출할 수 있습니다.
Canagold Resources a annoncé une minéralisation significative d'antimoine dans son Projet d'Or New Polaris, en plus de ses ressources aurifères existantes. L'antimoine, classé comme minéral critique par le Canada, les États-Unis et l'UE, est essentiel pour les technologies de défense, les semi-conducteurs, les retardateurs de flammes et la fabrication de panneaux solaires.
Le programme d'essai métallurgique de 2022, impliquant un composite maître de 700 kg avec 390 intervalles de carottes forées mineralisées, a démontré un taux de récupération de 92% d'antimoine dans le concentré de sulfure d'or en vrac, avec un grade moyen d'antimoine de 0,44% dans le flux et de 3,07% dans le concentré. Des interceptions de forage notables ont montré de fortes concentrations d'antimoine, y compris 9,08% sur 5,1 m et 11,86% sur 2,0 m.
L'entreprise prévoit une évaluation supplémentaire de la ressource en antimoine et des travaux métallurgiques supplémentaires en 2025 pour évaluer la ressource totale et déterminer les conditions de traitement optimales. Ce développement pourrait créer un nouveau flux de revenus avec des coûts supplémentaires minimaux, car il n'y a actuellement pas de mines d'antimoine en production au Canada.
Canagold Resources hat eine bedeutende Antimonmineralisierung in seinem New Polaris Gold Project bekannt gegeben, zusammen mit den bestehenden Goldressourcen. Antimon, das von Kanada, den USA und der EU als kritisches Mineral eingestuft wird, ist unerlässlich für Vertechnologien, Halbleiter, Flammschutzmittel und die Herstellung von Solarpanels.
Das metallurgische Testprogramm von 2022, das einen 700 kg schweren Masterkomposit mit 390 mineralisierten Bohrkernintervallen umfasste, zeigte eine Antimon-Rückgewinnungsrate von 92% im Bulk-Schwefelgoldkonzentrat, mit einem durchschnittlichen Antimongehalt von 0,44% im Ausgangsmaterial und 3,07% im Konzentrat. Bemerkenswerte Bohrabschnitte wiesen hohe Antimonkonzentrationen auf, darunter 9,08% über 5,1 m und 11,86% über 2,0 m.
Das Unternehmen plant eine weitere Bewertung der Antimonressource und zusätzliche metallurgische Tests im Jahr 2025, um die Gesamtressource zu bewerten und optimale Prozessbedingungen zu bestimmen. Diese Entwicklung könnte eine neue Einnahmequelle mit minimalen zusätzlichen Kosten schaffen, da es derzeit in Kanada keine produzierenden Antimonminen gibt.
- 92% antimony recovery rate achieved in metallurgical testing
- High-grade antimony intercepts discovered (up to 11.86% over 2.0m)
- Potential new revenue stream with minimal additional costs
- Strategic position as potential first antimony producer in Canada
- None.
Click here to watch Canagold CEO’s interview about this news release: https://stockhouse.com/video/thewatchlist/k7ycgzc5?mediaId=k7YcGzC5
Antimony, recognized as a critical mineral by
In 2024, antimony prices experienced a notable surge, driven by shifting global supply and demand dynamics. This price increase has been influenced by rising global demand for antimony, coupled with the imposition of export restrictions by
Although the presence of antimony at New Polaris has been known since the early days of mine production in the 1940s and 1950s, the metal's potential has largely been overlooked due to China’s dominant global supply. However, with antimony now being classified as a critical mineral and the limited global production outside of
Importantly, the inclusion of antimony production at New Polaris will be integrated with the Company’s existing gold production plans, with no impact on current permitting or mine development timelines.
Results from a comprehensive 700 kg master composite metallurgical test program conducted in 2022 at ALS Labs, which included over 390 mineralized drill core intervals, with an average antimony grade of
2022 Metallurgical testing results:
Product |
# of samples |
Weight |
Assay g/t |
Assay % |
Recovery % |
Recovery % |
|
Kilograms |
Au |
Sb |
Au |
Sb |
|
2022 Pilot Plant-ALS |
|
|
|
|
|
|
Feed Grade |
390 |
700 |
11.3 |
0.44 |
|
|
Concentrate |
|
82 |
80.1 |
3.07 |
95.0 |
92.0 |
The metallurgical test was conducted at ALS Laboratory in
Some of the significant antimony drill intercepts are shown below.
Drill Intercept Highlights
Hole ID |
From |
Length m |
%Sb |
Comments |
06-1615E8 |
347.5 |
5.1 |
9.08 |
Including 14.45 % Sb / 2.2 m from 348.6 m |
06-1615E9 |
441.6 |
3.3 |
5.69 |
Including 8.63 % Sb / 1.9 m from 441.6 m |
06-1646E6 |
258.3 |
2 |
11.86 |
Including 16.02 % Sb / 1.0 m from 258.3 m |
06-1676E6 |
285.7 |
2.4 |
4.40 |
Including 6.36 % Sb /1.3 m from 286.8 |
06-1737E5 |
313.3 |
2.3 |
4.45 |
Including 8.14 % Sb / 0.8 m from 314.8 m |
Drill Hole Details
HOLE_ID |
UTM E NAD 83 |
UTM N NAD 83 |
Elevation |
Azimuth |
Dip |
FROM |
TO |
06-1615E8 |
579423.0 |
6507068 |
377.5 |
355 |
-82 |
347.5 |
352.6 |
06-1615E9 |
579423.6 |
6507027 |
471 |
355 |
-84 |
441.6 |
444.9 |
06-1646E6 |
579452.3 |
6507102 |
273 |
356 |
-79 |
258.3 |
260.3 |
06-1676E6 |
579482.5 |
6507063 |
309 |
356 |
-79.5 |
285.7 |
288.1 |
06-1737E5 |
579544.2 |
6507052 |
336 |
355 |
-85 |
313.3 |
315.6 |
Further evaluation of the antimony resource, along with additional metallurgical testwork, will be conducted in 2025 to assess the total existing antimony resource and determine the optimal processing conditions required to recover antimony into a marketable product.
Canagold will continue to assess opportunities to leverage its New Polaris asset as a source of both gold and antimony, which could enhance the overall value of the project while supporting the growing demand for these critical minerals.
“We are excited about the prospect for Canagold to produce antimony alongside gold at the New Polaris project,” said Catalin Kilofliski, CEO of Canagold. “The results from our metallurgical testwork clearly demonstrate the high recovery of antimony into the New Polaris concentrate. This valuable metal has the potential to create a new revenue stream that could add substantial value to the project with minimal additional costs. The advanced stage of the New Polaris project positions Canagold at the forefront of Canadian companies poised to contribute to the country's critical mineral supply, particularly in meeting the growing demand for antimony. Currently there are no producing antimony mines in Canada.”
Drill Core Sampling and Quality Assurance – Quality Control Program
Drill core is geologically logged to identify the gold mineralized zones that are allocated unique sample number tickets and marked for cutting using a purpose-built diamond blade rock saw. Half core samples are collected in labelled bags and the other half remains in the original core box stored on site. Quality control (QC) samples including certified reference material standards, blanks and duplicates are inserted into the sample sequence at intervals of one in ten on a rotating basis to monitor laboratory performance and provide quality assurance (QA) of the assay results. Several sample bags are transported together in rice bags with unique numbered security tags attached and labelled with Company and lab contact information to ensure sample security and chain of custody during shipment to the lab.
Some diamond drill core samples were prepared at MSA Labs’ Preparation Laboratory in
Some diamond drill core samples were submitted to the ALS Geochemistry Lab in
MSA Labs and ALS Labs are independent of the Company.
New Polaris Overview
Canagold’s flagship asset is the
Qualified Person
Garry Biles, P.Eng, President & COO for Canagold Resources Ltd, is the Qualified Person who reviewed and approved the contents of this news release.
About Canagold
Canagold Resources Ltd. is an advanced development company dedicated to advancing the New Polaris Project through feasibility, permitting, and production stages. Additionally, Canagold aims to expand its asset base by acquiring advanced projects, positioning itself as a leading project developer. With a team of technical experts, the Company is poised to unlock substantial value for its shareholders.
For further information about the New Polaris Project and Canagold Resources Ltd, please visit Canagold’s website at https://www.canagoldresources.com.
Please refer to Cautionary Note Regarding Forward-Looking Statements located on our website
View source version on businesswire.com: https://www.businesswire.com/news/home/20250108177744/en/
Catalin Kilofliski, Chief Executive Officer
CANAGOLD RESOURCES LTD
Catalin@canagoldresources.com
604-685-9700
Source: Canagold Resources Ltd.
FAQ
What antimony recovery rate did Canagold (CRCUF) achieve in its 2022 metallurgical testing?
What was the average antimony grade in Canagold's (CRCUF) 2022 test program?
When will Canagold (CRCUF) conduct additional antimony evaluation at New Polaris?
What were the highest antimony grades discovered in Canagold's (CRCUF) drill intercepts?
How many antimony-producing mines currently operate in Canada?
