Trigg Minerals Limited (ASX:TMG) has commenced its maiden exploration activities at the Achilles project, which hosts the world class Wild Cattle Creek antimony deposit. The project contains a significant 6km long strike length with numerous high-grade antimony occurrences outside of the WCC deposit that have not been subjected to modern exploration and drilling, providing significant exploration upside and expansion potential to the existing high-grade WCC deposit. The maiden exploration will focus on several priority targets, immediately outside the resource area and its extensions on strike, particularly west towards the Fletchers Mine. Trigg is also in the process of restating the current Mineral Resource Estimate (MRE) and expects a significant increase on the MRE, while also considering a 150% surge in antimony prices from the initial resource calculation model.
This work will provide the basis for an updated Scoping Study. Given the current market price for Antimony and anticipated expansion of MRE the scoping study is expected to deliver vastly improved modelling of the economic potential of Wild Creek.
Trigg Minerals Limited (ASX:TMG) has initiated its maiden exploration activities at the Achilles project, focusing on priority targets outside the resource area and its extensions. The company aims to identify walk-up drill targets aimed at testing the strike's extent, with the aim of delivering high-grade intersections outside of the current Mineral Resource Estimate (MRE). Trigg is also in the process of restating the current MRE and expects a significant increase on the MRE, while also considering a 150% surge in antimony prices from the initial resource calculation model. This exploration will be conducted concurrently with Trigg's maiden exploration program at Taylors arm, which contains Australia's highest recorded antimony grade at 63% Sb. Additionally, Trigg continues to review potential new antimony related acquisitions and will update the market shortly.