More High-Grade Antimony Intersected
Highlights include the following:
Hole BH-25-05 returned 1.1% antimony (Sb) over 14.5 metres at a depth of 108.8 m to 123.3 m downhole.
Hole BH-25-08 returned 14.91% antimony (Sb) over 3.0 metres at a depth from 88.8 m to 91.8 m downhole including massive stibnite which returned 28.76% Sb over 1.7 metres.
Hole BH-25-09 returned 9.85% antimony (Sb) over 4.3 metres at a depth from 103.6 m to 107.9 m downhole including 18.19% Sb from 104.6 m to 106.4 m downhole.
The reported drill hole intersections are estimated to be between 75% to 80% of true width.
A total of 3,150 metres have been completed in the 2025 drill campaign. Assays are pending and are expected to be received in the next three to four weeks.
As reported in a press release dated
July 16, 2025
, Antimony Resources have completed 16 drill holes which have outlined mineralization over 400 metres of strike length with the mineralization remaining open both along strike and down dip. Over 1,500 samples were submitted for assay.
Previous reported drill results included from holes BH-25-03 and BH-25-04 which encountered respectively 2.76% Sb over 2.8 m from 78.2 m to 81.0 m and 4.17% Sb over 7.40 m from 106.6 m to 114.0m. Holes BH-25-01 and BH-25-02 were terminated short of the target and were redrilled by holes BH-25-08 and BH-25-09 which are subject of today's release of assays.
Shareholders may access the Antimony Resources press release by
clicking here
.
Needless to say, Globex is very pleased by the drill results to date and looks forward to additional assays being received.
Location of the drill holes and surface occurrences – Antimony Resources
This press release was written by Jack Stoch, P. Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.
Forward-Looking Statements: Except for historical information, this news release may contain certain 'forward-looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on
SEDARplus.ca
56,095,636 shares issued and outstanding
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/be3476bd-5e6f-4796-987b-6ce6688a8849
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
19 minutes ago
- Hamilton Spectator
Condominium reform: QPAREB highlights progress but calls for adjustments
L'ÎLE-DES-SŒURS, Quebec, July 31, 2025 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) welcomes the final regulation completing Bill 16 on co-ownership, which was published yesterday in the Gazette officielle du Québec . However, the Association points out that certain elements may undermine the transparency of the sales process and home ownership. Among the major elements of the reform, which is set to come into effect on August 14, 2025, is the obligation for the seller to provide the buyer with a certificate from the syndicate of co-owners, a document that will include detailed information on finances, claims, major work, insurance, litigation, and amendments to the declaration of co-ownership. Risk to transparency at the time of marketing Although this new requirement is a step in the right direction to improve the quality of information available when purchasing a condominium, the QPAREB is concerned about the current interpretation that the certificate can only be obtained by the buyer after a promise to purchase has been filed. Article 1068.1 of the Civil Code of Québec stipulates that ' A person who sells a fraction shall, in due time, give the promisor a certificate of the syndicate attesting to the condition of the immovable held in co-ownership, whose form and content are determined by government regulation. ' This constraint would deprive sellers of useful information for setting their selling price and buyers of essential information when making their offer. The QPAREB is in favour of better information for buyers and sellers, but they must be able to access it at the right time, i.e., before making a legal and financial commitment. 'Real estate brokers must also have all the information they need to fulfill their duties of verification, disclosure, information, and advice to their clients,' says Nathalie Bégin, president of the QPAREB's Real Estate Brokerage Practice Committee. What this means for Quebec buyers and sellers Under the announced reform, and according to the current wording and interpretation, a buyer will have to submit a promise to purchase for a condominium without having all the information at hand or the sound advice of their broker, since the syndicate's certificate will not be immediately available. For the seller, this means that disclosing the certificate to the buyer could, in many cases, force the reopening of negotiations even after the promise to purchase has been accepted. In addition, the sale price may prove to be too high if it does not take into account important factors contained in the certificate, such as work to be done, special assessments, etc. This situation will make the transaction even more stressful for many buyers and sellers. Need for harmonization between the RIS and the new certificate The QPAREB also highlights the lack of official guidelines regarding harmonization between the new certificate, provided for in section 1068.1 of the Civil Code of Québec , and the RIS form (Request for information to the syndicate of co-owners), currently recommended by the Organisme d'autoréglementation du courtage immobilier du Québec (OACIQ). 'The RIS is a tool that is recognized, appreciated, and used by the vast majority of real estate brokers and their buyer clients to obtain relevant information prior to a transaction. Its future in the revised regulatory context remains uncertain, which could create confusion in the field,' adds Nathalie Bégin. The QPAREB is calling for changes To ensure consistent and effective implementation of the reform, the QPAREB is asking the government and relevant authorities to quickly decide on: The QPAREB is in discussions with the government on these issues, and its representatives are hopeful that the necessary adjustments will be made. About the Quebec Professional Association of Real Estate Brokers The Quebec Professional Association of Real Estate Brokers (QPAREB) is a non-profit association that brings together more than 15,000 real estate brokers and agencies. It is responsible for promoting and defending their interests while taking into account the issues facing the profession and the various professional and regional realities of its members. The QPAREB is also a major player in many real estate dossiers, including the implementation of measures that promote homeownership. The Association reports on Quebec's residential real estate market statistics, provides training, tools and services relating to real estate, and facilitates the collection, dissemination and exchange of information. The QPAREB has its head office in Quebec City, administrative offices in Montreal and regional offices in Saguenay and Rouyn-Noranda. It has two subsidiaries: Société Centris inc. and the Collège de l'immobilier du Québec. Follow its activities at or via its social media pages: Facebook , LinkedIn , X and Instagram . For more information: Ariane Boulé Morin Relations Publiques media@
Hamilton Spectator
19 minutes ago
- Hamilton Spectator
RIO2 Provides Mine Construction and Corporate Update
VANCOUVER, British Columbia, July 31, 2025 (GLOBE NEWSWIRE) — Rio2 Limited ('Rio2' or 'the Company') (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today provides an update on progress made at Rio2's 100% owned Fenix Gold Project ('Fenix Gold' or 'the Project') currently under construction in the Atacama Region, Chile. At the end of Q2 2025, construction was 41% complete and remains on track and on budget for first gold production in January 2026. CONSTRUCTION UPDATE Construction highlights for the nine months from October 1, 2024, to June 30, 2025, are as follows, with all amounts expressed in US dollars: Health & Safety – A total of 1,270,141 person-hours have been worked on the Project to date, with one Lost Time Incident for a finger injury, resulting in a Lost Time Incident Frequency Rate (LTIFR) of 0.79. The Total Incident Frequency Rate (TIFR) for the Project as of June 30, 2025, was 6.30. Budget – Total spend to date since October 2024 of $56.4 million for works completed, vs budget of $57.8 million. These costs exclude corporate overheads and do not include pre-construction costs expended in 2022. Schedule – Total Project is currently 41% complete, and we expect to achieve first gold production in January 2026. All long lead time procurement items are in hand. Construction Progress As of the end of the month, 12.7 hectares of geosynthetics have been installed at the leach pad. This area guarantees a leach pad for the first six months of production capacity. Completed the placement of 4 hectares of overliner material on the leach pad, ready to receive mineral in August 2025. Haul Road 1, construction progress has reached 90%, while Haul Road 4 stands at 40% completion. Both haul roads connect the Fenix South pit to the leach pad and are essential for the commencement of operations. At the ADR Plant, ongoing work focused on the adsorption area, reagent handling facilities, and chemical reagent storage. The structural assembly of the plant building is now complete, and building cladding is 90% finished. The first of three electrical switch rooms is currently being transported from the city of Santiago to the Project site. Human Resources – a total of 1,514 personnel (including contractors) are currently employed at the Project. 94% of the workforce is comprised of Chileans, with 41% of the workforce from the Atacama Region, 10% of the workforce is female. Exploration – Grade control drilling activities are nearing completion, focused on the pit areas covering the first three years of future mine production. This drilling program is planned to finish by the end of July, and the MRE update/reconciliation for mineral within the grade control drilling area is expected to be released by the end of September. This new information will be useful for mine planning and scheduling of the initial three years of production from the Fenix Gold mine. Virtual Site Imagery and Photos Updated 360-degree photography showing construction progress is available at the Company's website at: A progressive photographic history of construction activities and grade control drilling is available at: Timetable and Next Steps Upcoming key milestones at the Fenix Gold mine include: CORPORATE NEWS Conditional Approval to Graduate to the TSX Rio2 also announces that it has received conditional approval from the Toronto Stock Exchange (the 'TSX') to graduate from the TSX Venture Exchange (the 'TSXV') and to list its common shares on the TSX. Final approval of the listing is subject to the Company meeting certain customary conditions required by the TSX. Rio2 is working diligently to satisfy such listing conditions, and further details and a timeline for graduation will be announced in due course. Upon receipt of the final approval from the TSX, Rio2's common shares will commence trading on the TSX and be delisted from the TSXV. Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing, as there will be no change in the trading symbol or CUSIP for the common shares. 2024 ESG Report Rio2 also announces the publication of its 2024 ESG Report. This report represents a comprehensive review of the Environmental, Social, and Governance factors related to Rio2's development activities at its Fenix Gold Project in Chile for the year 2024. Rio2 is committed to the principles of responsible mining and best practices in corporate governance. The complete report is available at: FENIX GOLD PROJECT The Fenix Gold Project is one of the largest undeveloped gold oxide, heap leach projects in the Americas, hosting a Measured and Indicated mineral resource (as such term is defined in National Instrument 43-101 -Standards of Disclosure for Mineral Projects, 'NI 43-101') of 4.8 million ounces of gold which the Company believes will make a positive contribution to the Atacama Region and Chile. The Project is an example of modern gold mining where a full complement of technical, environmental, and social considerations has been consulted and designed from the outset. The Project represents a significant investment in the gold mining business in Chile by a junior mining company of approximately US$235M of initial and sustaining capital, generating employment for at least 1,200 people during the construction phase and 800 people during the 17-year operations phase. The mine being contemplated will be a run-of-mine heap leach operation; no crushing or tailings storage facilities are required, thereby minimizing the overall impact and footprint of the Project. The scientific and technical content of this news release has been reviewed, approved and verified by Enrique Garay, MSc who is a qualified person under NI 43-101. For additional information regarding the Project, including key parameters, assumptions and risks associated with its development, see the independent technical report entitled 'NI 43-101 Technical Report on the Feasibility Study for the Fenix Gold Project' (the 'Feasibility Study') pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects ('NI 43-101'). The Feasibility Study is dated October 16, 2023, with an effective date of October 16, 2023, a copy of which document is available under Rio2's SEDAR+ profile at . ABOUT RIO2 LIMITED Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as successful capital markets track record. Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. Rio2 and its wholly owned subsidiary, Fenix Gold Limitada, are companies with the highest environmental standards and responsibility with the firm conviction that it is possible to develop mining projects that respect the three pillars (Social, Environment, Economics) of responsible development. As related companies, we reaffirm our commitment to apply environmental standards beyond those that are mandated by regulators, seeking to protect and preserve the environment of the territories that we operate in. Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively 'forward-looking information') within the meaning of applicable securities laws relating to Rio2's development of the Fenix Gold Project and other aspects of Rio2's future operations and plans. In addition, without limiting the generality of the foregoing, this news release contains forward-looking information pertaining to the following: The development of a mine at the Project, related construction activities and the expected timeline for completion of key construction milestones; the expected capital required for such mine; the expected timing of the first pour of gold; estimated indicated and measured gold resources; expected mine life; development and operating plans and expenditures; certain anticipated economic benefits of a mine at the Project to the local region; the timing of the completion of grade control drilling and the release of associated results; the graduation of the Company to TSX and its ability to satisfy listing conditions; and other matters ancillary or incidental to the foregoing. All statements included herein, other than statements of historical fact, may be forward-looking information and such information involves various risks and uncertainties. Forward-looking information is often, but not always, identified by the use of words such as 'seek', 'anticipate', 'plan', 'continue', 'estimate', 'expect', 'may', 'will', 'project', 'predict', 'potential', 'targeting', 'intend', 'could', 'might', 'should', 'believe' and similar expressions. The forward-looking information is based on certain key expectations and assumptions made by Rio2's management, including but not limited to: expectations concerning prevailing commodity prices, exchange rates, interest rates, applicable royalty rates and tax laws; capital efficiencies; legislative and regulatory environment of Chile; future mining and production rates and estimates of capital and operating costs; expectations regarding the availability of debt financing; estimates of reserves and resources; anticipated timing and results of capital expenditures; the sufficiency of capital expenditures in carrying out planned activities; results of operations; performance; the anticipated timing and results of expansion studies and related approvals; the availability and cost of financing, labor and services; and Rio2's ability to access capital on satisfactory terms. Rio2 believes the expectations reflected in these forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements in this news release should not be unduly relied upon. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Rio2's disclosure documents on the SEDAR+ website at . These risks and uncertainties include but are not limited to: risks and uncertainties relating to the completion of debt and equity financing for the construction phase of the mine, market conditions and management's ability to anticipate and manage the factors and risks referred to herein. Forward-looking statements included in this news release are made as of the date of this news release and such information should not be relied upon as representing its views as of any date subsequent to the date of this news release. Rio2 has attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ materially from current expectations. Rio2 disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. To learn more about Rio2 Limited, please visit: or Rio2's SEDAR+ profile at . ON BEHALF OF THE BOARD OF RIO2 LIMITED Alex Black Executive Chairman of the Board Email: Tel: +51 99279 4655 Kathryn Johnson Executive Vice President, CFO & Corporate Secretary Email: Tel: +1 604 762 4720 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Hamilton Spectator
22 minutes ago
- Hamilton Spectator
ReconAfrica Provides a Corporate Update and Announces That the Kavango West 1X Well Has Started Drilling
CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) — Reconnaissance Energy Africa Ltd. (the 'Company' or 'ReconAfrica') (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that the Kavango West 1X exploration well is currently drilling and provides a corporate update on ongoing operations. Kavango West 1X (Prospect I) – Well Spud on July 31st The Kavango West 1X exploration prospect spud on July 31st. The well is planned to reach total depth (TD) of approximately 3,800 metres (12,500 feet) by the end of November 2025 and is expected to penetrate over 1,500 metres of Otavi carbonate reservoir section, which is the primary target of the Damara Fold Belt play. The prospect is a large structural fold identified on modern 2D seismic data, which extends over 22 kilometers long by 3 kilometers wide. The Company has identified over 19 prospects and four leads mapped in the Damara Fold Belt trend, with an additional 5.0 million acres captured in a recently executed Memorandum of Understanding in offsetting Angola. More information about the Damara Fold Belt Play, and the Kavango West 1X well, can be found in the Corporate Presentation available on the Company's website. Brian Reinsborough, President and CEO stated: 'We are pleased to announce that we have started drilling the Kavango West 1X well. This is an exciting time for everyone at the Company, our partners and stakeholders in Namibia and, of course, shareholders alike. Originally, the Kavango West 1X location was not scheduled to be the next well, but the location was reprioritized after the results of our last well, Naingopo. While this reprioritizing resulted in a slightly longer lead time to spud this location, the Company prioritizes rigorous technical appraisal with respect to location selection to ensure we have the best possible chance for commercial success. We think that the Kavango West 1X prospect represents our best opportunity in the Damara Fold Belt to unlock the potential of this play and we look forward to reporting results expected before year-end 2025.' Chris Sembritzky, SVP Exploration commented: 'By utilizing our learnings from the Naingopo well, Kavango West 1X represents the best opportunity we have identified on seismic in the Damara Fold Belt play due to its size, hydrocarbon migration pathway and well defined four-way closure. With our new subsurface learnings, highly experienced drilling crew and optimized, built for purpose drill bits, we believe that we have captured the best possible chance for drilling an efficient, safe and commercially successful well.' Corporate Update Due to our ongoing drilling activities, the previously announced 3D seismic program that had been scheduled for the second half of 2025 has been moved to the 2026 operating Company is continually reviewing potential investment opportunities that may include acquisition of further acreage for exploration, development and producing properties and joint venture transactions that target acceleration of production and free cash flow, particularly due to the Company's concentrated asset risk profile. Stock Option Grants As part of the annual compensation review, the Company has granted incentive stock options (the 'Options') to certain directors, officers, employees and consultants of the Company to acquire an aggregate of 6,960,000 common shares at an exercise price of $0.60 per share. The Options are exercisable for a five-year term expiring July 31, 2030, and will be subject to certain vesting provisions as determined by the Board of Directors of the Company in accordance with the Company's Stock Option Plan. The Options granted to insiders are subject to restrictions on resale until November 30, 2025, in accordance with the policies of the TSX Venture Exchange. About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. For further information contact: Brian Reinsborough, President and Chief Executive Officer Mark Friesen, Managing Director, Investor Relations & Capital Markets IR Inquiries Email: investors@ Media Inquiries Email: media@ Cautionary Note Regarding Forward-Looking Statements: Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the expected timing of spud of the Kavango West 1X well, the well being drilled to a planned total depth of approximately 3,800 metres (12,500 feet), timing to reach total depth of the well, the planning, timing and commencement of a 3D seismic program, identifying and capturing potential opportunities and the Company's commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in its project areas. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica's current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company's actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the 'Risk Factors' section in the Company's annual information form ('AIF') dated April 29, 2025 for the financial period ended December 31, 2024, available under the Company's profile at . Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
