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Big Red Mining Corp
Symbol RED
Shares Issued 37,759,500
Close 2025-02-13 C$ 0.16
Market Cap C$ 6,041,520
Recent Sedar Documents

Big Red Mining appoints Jones as CFO, director

2025-02-14 00:13 ET - News Release

Mr. Jim Atkinson reports

BIG RED MINING CORP. (CSE: RED) (FSE: K8J) ANNOUNCES CFO AND DIRECTOR

Big Red Mining Corp. has appointed Sheryl Jones as chief financial officer and director of the company. Ms. Jones is a seasoned accountant with over 30 years of experience specializing in financial reporting for publicly listed companies. She provides comprehensive accounting, management advisory and financial disclosure services to the company.

Big Red has issued 100,000 stock options exercisable at 20 cents to an officer and director of the company. The stock options will vest over a 12-month period with 25 per cent being released every three months. Big Red has issued 250,000 restricted shares units (RSUs) to an officer and director of the company. The RSUs will be released as follows: 50 per cent released 12 months from issue date and the remaining 50 per cent released 18 months from issue date.

Big Red also announces that it will not be proceeding with the repricing of the warrants, which was announced on Feb. 3, 2025.

About Big Red Mining Corp.

Big Red holds an option to acquire the Bald Hill property in southern New Brunswick. The property consisting of 26 claims, covers several antimony occurrences, including previous trenching by Rockport Mining Corp., which returned up to 43 per cent antimony over 2.0 metres and 2.90 per cent antimony over 8.18 metres. Shallow drilling by widely spaced holes is reported to have extended the zone over a 450-metre strike length and to a depth of 300 metres.

A National Instrument 43-101 technical report in 2010 by Conestoga-Rovers and Associates of Fredericton, N.B., for Rockport Mining Corp., written by Heather MacDonald, MSc, PGeo, reported: "Based upon 16 widely spaced drill holes totalling 3,554 metres and 609 assays, an antimony zone of 450 metres in length was outlined, including intersections of up to 11.7 per cent antimony over 4.51 metres core length."

The report further stated: "The potential tonnage and grade of a potential mineral deposit at the Bald Hill property, which is the target of further exploration, is expressed as ranges in the Table 6 below. The potential quantity and grade is conceptual in nature as there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource."

A subsequent NI 43-101 report titled "National Instrument 43-101 Technical Report: Bald Hill Antimony Project (claim group 5061) Southern New Brunswick, Canada, NTS Map Sheet 21G/09 and 21H/12," prepared for Tri-Star Antimony Canada Inc. by Peter Banks, BSc, PGeo, and John Langton, MSc, PGeo, of MRB & Associates, Oct. 28, 2014, dealt with addition exploration work and conclusions derived from the work up to that date as reported in brief under "Interpretations and Conclusions" and reproduced below.

"Rockport's drilling on the Bald Hill main grid has confirmed the antimony mineralization over a significant area of approximately 700 metres on surface and to 300 metres depth. Surface mineralization and soil geochemical anomalies indicate that the mineralization extends for at least 1.5 kilometres, along strike from the delineated mineralized zones. The 2014 trenching program, centred approximately 1.0 kilometre along strike to the southeast from the main Bald Hill occurrences, exposed new antimony mineralization grading 9.04 per cent antimony over 2.60 metres.

"In addition to the on-site exploration programs, preliminary processing and metallurgical test work of Bald Hill lithological drill core and bulk samples was carried out. This work comprised bulk mineralogy, basic chemical profiling, textural features of the ore minerals, and preliminary analysis of liberation characteristics and amenability of the ore to gravity concentration and/or flotation, preliminary ore characterization, mineralogical and chemical profiling, and optical ore examinations.

"The work completed by Rockport on the Bald Hill project substantiates the occurrence of a potential resource of economically interesting antimony mineralization. The project is a valid exploration target that remains largely untested with respect to its full dimensions and its regional structural relationships."

In 2021, Globex undertook a small drill program, which returned the following results:

  • Hole BH21-25 -- 1.34 per cent antimony over 3.6 metres starting at 310.5 metres;
  • Hole BH21-27 -- 2.67 per cent antimony over 2.7 metres starting at 112.2 metres and 1.73 per cent antimony over 3.3 metres starting at 124.7 metres;
  • Hole BH21-28 -- 4.71 per cent antimony over 10.2 metres starting at 109.5 metres.

Big Red is planning an intensive exploration program for the Bald Hill project.

The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc, PGeo, who is a qualified person as defined by NI 43-101. The figures and reports quoted in this press release were prepared by other presumed capable companies and individuals, but the qualified person has not yet verified any of the results of past work.

Big Red also holds an option to acquire a 100-per-cent interest in the Antimony 2.0 property, which is located approximately 25 kilometres west of Fredericton, N.B., and approximately 15 kilometres northeast of the historic Lake George antimony mine. The Lake George antimony mine operated for various periods from the 1860s to 1998 and produced as much as 4 per cent of the world's demand of antimony from 1970 through 1992. The Antimony 2.0 property comprises over 35 square kilometres of relatively unexplored ground with excellent access by provincial and logging roads and hydro power. Antimony has been detected at highly anomalous levels in soil samples collected on the Antimony 2.0 property by the optionor.

Big Red's management team possesses extensive experience in financing, exploration, development and mining. Big Red intends to conduct exploration campaigns on each of its optioned properties with a goal of finding one or more minable resources.

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