Perpetua Resources Reports Gold Discovery at Stibnite Project in Idaho
Perpetua Resources confirms a new gold find at its Fiddle prospect and strong grades from the Clark Tunnel Fault Zone at its Idaho mining project.
Perpetua Resources Corp. has announced a new gold discovery at its Stibnite Gold Project in Idaho, with the first drill hole at the Fiddle prospect returning 109.7 meters grading 3.2 grams per tonne gold and 1.1% antimony, according to a company statement released Tuesday.
The Fiddle prospect sits south of the permitted Yellow Pine open pit, expanding the known mineralized footprint of the Stibnite project beyond its currently permitted boundaries. The simultaneous presence of antimony, a critical mineral used in defense and energy storage applications, adds potential strategic value to the find.
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Drilling at the Clark Tunnel Fault Zone also delivered strong results, with intercepts of 25.4 meters grading 4.5 grams per tonne gold and a separate interval of 25.0 meters at 2.3 grams per tonne gold. Those grades are considered high for open-pittable or near-surface mineralization and reinforce the zone as a significant contributor to the project's overall resource base.
The Stibnite Gold Project has drawn national attention in part because it represents one of the few domestic sources of antimony, a metal the United States currently imports almost entirely from foreign suppliers. Perpetua has received federal permits and has been working toward advancing the project toward construction.
The new discovery and continued high-grade drilling results from the Clark Tunnel Fault Zone suggest the project's mineral resource could grow beyond current estimates, potentially strengthening Perpetua's position as it moves through remaining development stages. Continue reading at All Financial Services & Investing.
