EV Resources (ASX:EVR) Uncovers Extensive Shallow Antimony System at Los Lirios

EVR

2 min read | May 12, 2026 11:40 AM AEST | By Sonal Goyal

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EV Resources (ASX:EVR) Uncovers Extensive Shallow Antimony System at Los Lirios — Image source: Company update

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Highlights

Maiden drilling confirmed a shallow and laterally extensive antimony-bearing CRD system at Los Lirios in Mexico.

Four of the first five drill holes intersected antimony mineralisation and confirmed lateral continuity of the CRD horizon.

Key intercepts included 3.05m at 2.10% antimony from 8.1m and 2.0m at 1.71% antimony from 9.35m.

The shallow geometry of the system may support lower-cost drilling and potential open-pit mining opportunities.

EV Resources plans to launch a Phase 2 drilling program and target a maiden JORC Resource Estimate by Q3 2026.

EV Resources Limited (ASX:EVR) has reported encouraging maiden drilling results from its Los Lirios Antimony Project in Oaxaca, Mexico, with initial assays confirming a broad, shallow and laterally extensive antimony-bearing carbonate replacement (CRD) system at the Lirios 1 target. Results from 5 of 15 drill holes have been received, with four holes confirming lateral continuity of the CRD horizon.

According to the company, the continuity of the mineralised horizon indicates the potential for a large, mineralised envelope that may support bulk-tonnage development, subject to further drilling and economic assessment.

High-Grade Intercepts Highlight Feeder Zones

One of the most notable results included an intercept of 3.05 metres grading 2.10% antimony from 8.1 metres in hole DDH-L1-08-26, indicating the grade potential of the system. Other significant intercepts included:

2.0m at 1.71% antimony from 9.35m
0.4m at 4.15% antimony from 6.2m
1.65m at 0.99% antimony from 8.65m
0.85m at 0.89% antimony from 58.45m

The mineralised CRD horizon has been encountered at shallow depths across multiple drill holes, indicating the potential for a large near-surface mineralised system that could support cost-efficient drilling and prospective open-pit mining opportunities, subject to further exploration and economic evaluation.

Drilling also confirmed the presence of a CRD unit that demonstrates silicification, brecciation and quartz-stibnite mineralisation, geological characteristics commonly associated with major antimony CRD systems.

EVR shares were trading at AUD 0.01 per share at the time of writing on 12 May 2026.

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