Geologica Announces Antimony Exploration and Flow-Through Financing
Summary
China, which controls nearly half of global production and three-quarters of refining capacity, reduced U.S. shipments by 95% in October.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/10667/236537_adeede5564e7ca60_001full.jpgThe Buchans Creek showing at the Companys Titan Property hosts a polymetallic quartz vein 1.5 meters in width. The antimony, tellurium, and silver values exceeded analytical detection limits (Table 1).Soil geochemistry and geophysical surveys have outlined a 3.5-kilometer prospective corridor extending south-southeast from Buchans Creek to the Rupert showing. The area between Buchans Creek and Rupert is covered by glacial till.Additional mineralization on the property includes the Hook prospect, located approximately 6 kilometers west of Buchans Creek, where gold mineralization occurs in a 10-20 cm wide quartz vein containing disseminated and blebby galena and pyrite hosted in granodiorite. Sampling of this vein returned 62 g/t Au (Brown and Higgs, 2009).The Titan molybdenum-copper porphyry showing, approximately 7.5 kilometers southwest of Buchans Creek, consists of massive to disseminated molybdenite with chalcopyrite and pyrrhotite along the contact between gneiss and plutonic rocks. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.