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Equinox Resources is set to begin due diligence on the Alps-Alturas project in the Slocan mining district of southeast British Columbia, a site known for its high-grade antimony ore.
The mineralization at the project is found within an east-west shear zone, with stibnite veins reaching widths of up to 1.2 metres and antimony grades of up to 59.5%. This zone remains open along strike and depth, suggesting significant potential for further exploration. Additionally, the 1.3-km mineralized zone features silver grades reaching up to 1,595.7 g/t.
Equinox managing director Zac Komur highlighted the project’s exceptionally high antimony grades and the substantial underexplored potential. “The favourable option terms also provide us with the flexibility to conduct thorough due diligence, ensuring the project meets our investment criteria before committing to full acquisition.”
Antimony has recently surged in importance due to China’s export restrictions, which have heightened concerns over potential supply shortages. Prices for antimony have doubled in 2024 to approximately $24,000 per tonne.
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