Critical One Energy Inc. (formerly Madison Metals Inc.) has announced a 67% expansion of land holdings at its wholly owned Howells Lake Antimony-Gold Project in the Thunder Bay Mining Division of Ontario, Canada.
This strategic expansion follows the company’s review and processing of the Government of Ontario’s soil sample analysis database for the Fort Hope region, and continues to strengthen Critical One’s position as the owner and operator of Canada’s largest undeveloped antimony deposit.
Recent analysis of soil results revealed high-priority antimony and gold anomalies in multiple unexplored areas, prompting Critical One to stake additional claims to secure numerous newly identified, high-priority antimony targets. Soil samples from up to 5 km west of the known antimony-gold mineralisation in the V-3 grid area returned the highest antimony values in the entire dataset of more than 3600 widespread sample sites, with numerous new target areas revealing values that exceed those found proximal to the values at and near known antimony and gold on the property. Previous drilling at V-3 intersected up to 75% antimony within a core interval of 5.37% antimony over 8.35 m, alongside gold mineralisation. These results highlight the potential for further expansion of the known antimony-gold mineralised zones, which remain open along strike and at depth, as well as the potential to locate completely new areas of mineralisation.
Duane Parnham, Founder, Executive Chairman, and CEO of Critical One, comments:
“The expansion of our property marks a pivotal milestone for Critical One as we continue to unlock the immense potential of the Howells Lake Project. With this move, Critical One now controls all significant antimony-gold targets over a 30 km strike length, creating the opportunity to transform Howells Lake into a unique, district-scale project.
“The presence of highly anomalous geochemical results at many new locations validates our exploration strategy and underscores the project’s significance as a rare, large-scale antimony-gold system located in a tier-one jurisdiction. By securing additional property, we have significantly added to the discovery potential elsewhere on our project as we build its long-term potential to meet the growing global demand for critical minerals, while delivering value to our shareholders.”