Trigg Minerals snaps up 20 mining claims in Antimony Canyon, US

• TMG acquires 20 new patented mining claims in Antimony Canyon
• Claims cover 375 acres, holding both mineral and surface rights
• Opportunity to advance rapidly to exploration and development in near-term

Special Report: As interest and investment in antimony and similar critical minerals in the US ramps up, ASX-listed small caps such as Trigg are capitalising on the opportunity.

Trigg Minerals (ASX:TMG) has acquired 20 new mining claims in Utah’s Antimony Canyon, covering both mineral and surface rights in a bid to tap into US government and Department of Defense interest in domestic antimony production.

Trigg Minerals managing director Andre Booyzen said taking ownership of the 20 new mining claims was a transformative step for the company.

“We now control not only the mineral rights but also the land surface, giving us the ability to advance exploration and development without the delays and allow the company to aggressively pursue its near-term, pilot-scale mining ambitions,” he said.

Antimony Canyon project expansion

Trigg acquired the new mining claims in return for US$1.9m, payable in staged tranches.

They cover about 375 acres of land, expanding the company’s existing Antimony Canyon project significantly.

TGM recently confirmed the presence of high-grade antimony at the project  with a channel sampling program that produced results of up to 1.5m at 33.2% antimony (Sb).

The results support the company’s exploration target for the project, defined at 12.8 to 15.6Mt at 0.75% to 1.5% Sb for between 96k and 234k tonnes of antimony metal.

Trigg also enjoys support from the local community at Antimony Canyon, with managing director Andre Booyzen recently making a trip to the site and local township.

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.