Acquisition of 49 Unpatented Claims in Utah, USA
EVR Resources Limited (ASX:EVR) has reached an agreement with a US-based private investor to acquire 49 unpatented claims over the Coyote Creek Antimony Project in Utah, USA.
Highlights
- EVR has acquired 49 unpatented claims over the Coyote Creek Antimony Project in Utah, USA.
- The claims cover old workings and waste from historical antimony mining up to the 1920’s.
- A historical non-JORC resource estimate of 12.7 million metric tons grading 0.79% Antimony was estimated by the Utah Geological and Mineral Survey in 1975.
- The historical estimate is not reported in accordance with the JORC Code.
- The USA currently has no operating antimony mine and imports all its antimony concentrates.
Background to Coyote Creek Antimony Project
The demand for raw materials for the defense effort during World War II prompted a review of the Coyote Creek Project, and field work including trenching was conducted between November 1941 and February 1942.
Location
The Coyote Creek claims are located in Garfield County, Utah, 11km east of the town named Antimony. Access to the project is via paved roads and then unpaved forestry roads navigable with a low clearance vehicle.
Maps
[Insert Map 1: Location of the Project]
[Insert Map 2: Claims at Coyote Creek]
Conclusion
EVR’s acquisition of the 49 unpatented claims in Utah, USA, marks an exciting development in the company’s efforts to establish an Americas antimony division. With the USA currently importing all its antimony concentrates, the Coyote Creek Project has the potential to become a domestic supplier of antimony at a time of well-documented supply shortages. This acquisition follows EVR’s recent announcement of the proposed acquisition of 70% of Los Lirios, an open pit antimony mine in Oaxaca state, Mexico.
