ANTIMONY EXPLORATION NEWS Beaver Brook Mine Changes Hands

GANDER, Newfoundland The former Beaver Brook antimony mine has been sold to VVC EXPLORATION of Toronto. The purch...
GANDER, Newfoundland The former Beaver Brook antimony mine has been sold to VVC EXPLORATION of Toronto. The purchaser paid the equivalent of $17 million for the property formerly owned by ROYCEFIELD RESOURCES.

VVC says Beaver Brook is one of the world's largest unmined antimony deposits. Roycefield completed underground development and a mineral processing plant in the late 1990s, but was forced to put the project on care-and-maintenance in 1998. If VVC succeeds in reopening it, this would be the only antimony mine in North America, supplying perhaps 5% of the world's annual demand.

Measured and indicated resources are estimated at 1.94 million tonnes grading 4.32% Sb using a 2% cut-off grade. The VVC web site is under construction at www.vvcexploration.com.

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