Locksley Resources Files Drilling Application for US Project; Shares Up 5%

MT Newswires Live

05/09

Locksley Resources (ASX:LKY) submitted the drill permit application for the Desert Antimony Mine, within its Mojave project in California, to the US Bureau of Land Management, according to a Thursday filing with the Australian bourse.

Sampling at the mine yielded "exceptional" results, including 46% antimony from rock chip assays, with eight samples above 17% antimony, and mineralization mapped across a 400-meter surface strike length, the filing said.

The company plans to conduct further exploration in high-grade antimony and rare earth element zones through surface and subsurface methods, per the filing.

Shares were up 5% in afternoon trade Friday.

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