Grand Gulf Energy Acquires Dry Wash Antimony Project in Utah
Grand Gulf Energy Limited has acquired the Dry Wash Antimony Project in Utah, encompassing 8,122 acres, through a Mineral Exploration with Option to Lease Agreement. The project, located near the Antimony Canyon Project, has shown significant stibnite mineralisation, prompting the company to plan first-pass drilling activities supported by $500,000 raised through a share placement for project evaluation and working capital.
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Grand Gulf Energy Limited has secured the Dry Wash Antimony Project in Utah through a Mineral Exploration with Option to Lease Agreement with the Utah School and Institutional Trust Lands Administration. The project spans 8,122 acres and is adjacent to American Tungsten and Antimony Limited's Antimony Canyon Project, which has shown significant mineralisation.
Fieldwork by Grand Gulf has identified substantial stibnite mineralisation in the Palaeocene to Eocene Flagstaff Formation. The company plans to conduct field activities aimed at first-pass drilling and has secured $500,000 through a share placement to fund project evaluation and working capital.
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