James Bay Boreal Forest and Tundra, Quebec. Stock image.
Azimut Exploration (TSXV: AZM) reported drill results as high as 6.5 metres grading 3.43% antimony and 2.37 grams gold per tonne at its Wabamisk project in Quebec’s James Bay region.
That result, part of what the company called “very encouraging” results in hole WS25-40 from 3 metres depth in the property’s Fortin zone, included 51.5 metres at 1.1% antimony and 0.38 gram gold, Azimut said Thursday.
Antimony, listed as a critical mineral by Canada, the United States and the European Commission, has seen its price soar in recent months after China – which accounts for 60% of global output – imposed export restrictions, triggering supply shortages.
Neither Canada nor the US produce the metal, which recently traded at $58,000 per tonne in Rotterdam, though some projects with antimony – such as Perpetua Resources’ (Nasdaq, TSX: PPTA)…
