Equinox Resources Limited Secures Key Exploration Permit for High-Grade Alturas Antimony Project in British Columbia, Paving the Way for Strategic Bulk Sampling and Drilling Initiatives

Friday, May 30, 2025
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Equinox Resources Limited has secured a multi-year exploration permit for its high-grade Alturas Antimony Project in British Columbia. The permit paves the way for drilling, geophysical surveys, and sampling, setting the stage for promising field operations starting in June 2025.

Equinox Resources Limited has secured a Multi‐Year Area-Based Notice of Work permit from the British Columbia Ministry of Mining and Critical Minerals for its Alturas Antimony Project in Canada. This authorization enables the company to carry out drilling, induced polarization geophysical surveys, geochemical sampling, and other low-impact exploration activities on a 7 km² tenure. In parallel, the company has submitted another Notice of Work application for a bulk sampling program targeting up to 10,000 tonnes of material to assess the metallurgy and potential for direct shipping ore from the high-grade stibnite deposit. The project is situated in a historically productive corridor known for its superior antimony mineralisation, with surface samples returning assays as high as 69.98% antimony. The detailed work program is set to begin in June 2025 and will include high-resolution LiDAR and orthophoto surveys that will generate a 1m digital terrain model. Field teams are expected to conduct systematic geological mapping and geochemical sampling along a 1.5 km-long shear zone, while an induced polarization survey over approximately 5 line-kilometres aims to delineate areas of promising mineralisation. The integration of these datasets into a 3D GIS environment will assist in refining drill targets, with a maiden drilling program potentially scheduled for Q4 2025 or 2026, contingent upon the outcome of the initial exploration activities. The permitting process underscores Equinox Resources Limited’s commitment to proactive and respectful engagement with local First Nations, including the Shuswap Band, Okanagan Indian Band, Ktunaxa Nation Council, and Splatsin. Several of these groups have indicated interest in participating in the project through Indigenous-owned enterprises, reflecting strong community support and a collaborative approach to environmental and cultural considerations. From a market sentiment perspective, the news carries both bullish and bearish elements. On the bullish side, the permit approval and well-designed field program signal a move towards unlocking significant high-grade antimony resources at a time when North American demand for the metal is rising. The use of advanced technical indicators such as LiDAR mapping, induced polarization surveys, and a refined drill target selection process further reinforces the project’s potential. However, cautious traders may note that the bulk sampling permit is still pending, and the timeline for drilling remains conditional on further results, introducing an element of uncertainty and execution risk in the near term.

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