Ares Strategic Mining identifies 49 fluorspar targets at Utah Spor Mountain project via satellite survey
Bitget2026/09/28 11:31- Ares Strategic Mining identified 49 preliminary fluorspar targets at its Spor Mountain project in Utah using Phase 3 satellite-based exploration.
- Targets include a cluster near existing mine infrastructure, potentially supporting faster drilling confirmation or underground development extensions.
- Work follows earlier 2022 airborne radiometric and magnetic surveys, plus a ground gravity survey, with new targets to be ranked against those datasets.
- Lost Sheep ore is being mined, hauled to the Delta facility, then processed through the Metallurgical Lumps Plant during live-material optimization.
- Separately, it plans to issue 3,066,708 common shares to settle USD 874,011.79 of payables, subject to exchange approval.
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