공지 • Aug 19
Xtra Energy Corp. Corporation Reports High-Grade Antimony Assay Results from On-Site Stockpiles, Paving Way for U.S.-Based Production
Xtra Energy Corp. announced the successful assay results from the company's on-site mill grade stockpiles at the American Antimony Project, located about 57 miles northeast of Fallon, Nevada. The assay results confirm high-grade antimony content, marking a critical step forward in the company's plans to initiate U.S.-based production of this strategically important mineral. Antimony, a critical mineral used in a variety of industrial applications, including flame retardants, alloys, and battery technologies, is increasingly in demand. The assay results revealed a range of 160 ppm Sb to as high as 31% Sb, with an average grade of 2.73% Sb across the 4 tested piles so far, estimated at a tonnage of 10,000 tons. The assay results highlight the economic viability of these piles and reaffirm the company's commitment to becoming the sole domestic supplier of antimony. Assay and Tailings Pile Details: Location: The piles are spread across the company's American Antimony Project site in the Bernice Mining District, which was historically known for antimony mineralization and production during both World Wars. Assay Results: For the test, 24 complete samples were taken from four stockpiles and sent to American Assay Laboratories in Sparks, Nevada, for testing by a third-party lab. The results showed consistent high-grade antimony concentrations, with an average of 2.73% Sb. Production Potential: These findings will guide the next phase of the company's project, which includes road construction and planning for the start of on-site processing and production. These findings, based solely on mill grade stockpiles, further validate the mines for their economic viability, redevelopment, and further material extraction. The company can clean up the multiple piles through remediation and use the funds to redevelop the Bernice Mining District into the leading producer of antimony in the United States. Key Variables to Consider, Cost Analysis, and Expected Recoveries: Price fluctuations in antimony. The antimony grade variations within the pile, taking into account both high-grade and low-grade zones, The concentration's density. The parent rock's density. Rates of milling and smelting recovery. Strategic Impact: The positive assay results position Xtra Energy to move forward with plans to develop a U.S.-based antimony production facility, reducing dependency on foreign sources and supporting the domestic economy. As part of the company's commitment to sustainability, the company is exploring environmentally responsible concentration, extraction, and processing methods with the Irish Metals subsidiary of Sidney Resources Corp. that align with the company's corporate values and regulatory requirements. Next Steps: In light of these promising results, Xtra Energy is accelerating its project timeline, with upcoming activities including: Further Study: The company intend to perform a full sampling and lab program to analyze the economic potential of each stockpile on the project site, which the company estimate will number more than twenty separate piles, as well as their estimated tonnage. The company must delve further into the environmental concerns in order to develop production facilities and determine the best processing location to begin. Permitting and Approvals: Engaging with local, state, and federal agencies to obtain the necessary permits and approvals for road construction. This will enable the company to quickly access and test all piles across the AAP, thereby ensuring rapid production. Strategic Partnerships: Exploring partnerships with local land owners, industry leaders, and government agencies to enhance the project's success and sustainability. Xtra Energy has already begun fielding multiple proposals for financing the project into full redevelopment and production.