Trigg acquiring antimony-gold tenements that complement its Wild Cattle Creek deposit

Trigg Minerals has signed a binding purchase agreement to acquire package of antimony-gold assets in NSW
New projects host historical antimony and gold deposits that complement its flagship Wild Cattle Creek deposit
Modern exploration techniques will be used to uncover new opportunities within this proven mineral province

Special Report: Trigg Minerals is expanding its antimony-gold footprint with the signing of a binding purchase agreement to acquire the Nundle, Upper Hunter, Cobark/Copeland projects in NSW.

The new projects cover 1039.7km2 and include five historical antimony deposits with rock chips returning top assays of 61% and 9.7% antimony, 12t of recorded antimony production and a 37% antimony sample collected from 12m down adit, indicating potential for mineralisation at depth.

Adding interest, the tenements also host more than 60 historical gold mines/occurrences with recorded high-grade production. A notable example is Standard Reef, which was worked in 1904 with estimated production of 15,000oz at 53.8g/t gold.

Total historical production across the tenement package is estimated at 174,000oz gold without modern mining techniques and at significantly lower gold prices.

An initial review suggests that mineralisation is interpreted to be open along strike and down depth and with considerable high grade rock chip grades ranging from 30g/t to 1045g/t gold.

Given this prospectivity, it’s no surprise these projects will be established as Trigg Minerals’ (ASX:TMG) second flagship exploration asset behind its advanced, high-grade Wild Cattle Creek deposit.

Exploration teams will advance both the new projects and Wild Cattle Creek simultaneously.

“The acquisition of the Nundle and other projects marks an exciting expansion for Trigg Minerals into historically productive goldfields with strong critical mineral potential,” executive chairman Tim Morrison said.

“The presence of both gold and antimony in this underexplored region aligns perfectly with our focus on high-value, strategically significant minerals.

“We look forward to applying modern exploration techniques to uncover new opportunities within this proven mineral province.”

Trigg’s latest tenement acquisitions. Pic: Trigg Minerals

Antimony-gold tenure

The Nundle, Upper Hunter, Cobark/Copeland projects cover a significant portion of the historical Nundle goldfield and three additional historical goldfields within the New England Orogen in northern NSW.

Nundle has a rich history of gold production, with several historical antimony mines present within the region.

Adding this project to the company’s North Nundle holdings extends its prospective strike along the underexplored and prolific Peel Fault to ~40km.

Upper Hunter is a historical gold-producing region known for its structurally controlled, quartz-vein-hosted gold deposit. The Cobark and Copeland goldfields were prominent during the late 1800s gold rush with mining focused on high-grade quartz veins hosted in faults and shear zones.

Antimony mineralisation is associated with gold, enhancing the critical mineral potential of the projects while aligning with the company’s strategy to explore and develop high-value, multicommodity assets in Tier-1 mining jurisdictions.

TMG will acquire the projects by paying the vendor Stanford Rocks $250,000 in cash, $250,000 in shares at a price based on the 10-day volume weighted average price prior to the completion date, and a 2% net smelter return royalty on all minerals extracted from the tenement area.

This article was developed in collaboration with Trigg Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.