Military Metals Completes Claim Staking Around the Last Chance Antimony-Gold Property in Nevada
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) has completed additional claim staking around the Last Chance antimony-gold property in Nye County, Nevada. The property is located 70km north of Tonapah and 12km west of Kinross' Round Mountain gold mine. CEO Scott Eldridge highlighted that antimony prices have reached $38,000 USD per tonne, making it 2024's top-performing commodity. The surge is attributed to China's export restrictions implemented September 15, 2024. The property contains historical antimony-gold occurrences within Paleozoic carbonates and Lower Mesozoic metamorphosed shales. The company plans its first field campaign for Q2/2025.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) ha completato ulteriori staking di rivendicazioni intorno alla proprietà di antimonio e oro Last Chance nella contea di Nye, Nevada. La proprietà si trova a 70 km a nord di Tonapah e 12 km a ovest della miniera d'oro Round Mountain di Kinross. Il CEO Scott Eldridge ha sottolineato che i prezzi dell'antimonio hanno raggiunto $38.000 USD per tonnellata, rendendolo la merce con le migliori performance nel 2024. L'aumento è attribuito alle restrizioni all'esportazione della Cina attuate il 15 settembre 2024. La proprietà contiene occorrenze storiche di antimonio e oro all'interno di carbonati paleozoici e scisti metamorfosati del Mesozoico inferiore. La società prevede la sua prima campagna sul campo per il secondo trimestre del 2025.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) ha completado el staking de reclamaciones adicionales alrededor de la propiedad de antimonio y oro Last Chance en el condado de Nye, Nevada. La propiedad se encuentra a 70 km al norte de Tonapah y a 12 km al oeste de la mina de oro Round Mountain de Kinross. El CEO Scott Eldridge destacó que los precios del antimonio han alcanzado $38,000 USD por tonelada, convirtiéndolo en la mercancía de mejor rendimiento en 2024. El aumento se atribuye a las restricciones de exportación de China implementadas el 15 de septiembre de 2024. La propiedad contiene ocurrencias históricas de antimonio y oro dentro de carbonatos paleozoicos y esquistos metamorfoseados del Mesozoico inferior. La empresa planea su primera campaña de campo para el segundo trimestre de 2025.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF)는 네바다 주 나이 카운티의 Last Chance 안티모니-골드 속성 주위에 추가적인 청구권 스테이킹을 완료했습니다. 이 속성은 토나파(Tonapah)에서 북쪽으로 70km, 킨로스(Kinross)의 라운드 마운틴 금광에서 서쪽으로 12km 떨어져 있습니다. CEO 스콧 엘드리지(Scott Eldridge)는 안티모니 가격이 톤당 38,000달러 USD에 도달했다고 강조하면서, 이는 2024년 최고의 성과를 달성한 원자재가 되었습니다. 이 상승세는 2024년 9월 15일 시행된 중국의 수출 제한 조치에 기인합니다. 이 속성은 고생대 탄산염과 하부 중생대 변성이 일어난 셰일 내의 역사적인 안티모니-골드 발생지를 포함하고 있습니다. 회사는 2025년 2분기에 첫 현장 캠페인을 계획하고 있습니다.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) a terminé le staking de nouvelles revendications autour de la propriété anti-moine-or Last Chance dans le comté de Nye, au Nevada. La propriété est située à 70 km au nord de Tonapah et à 12 km à l'ouest de la mine d'or Round Mountain de Kinross. Le PDG Scott Eldridge a souligné que les prix de l'antimoine ont atteint 38 000 USD par tonne, faisant de cette substance la meilleure performance de la marchandise de 2024. Cette augmentation est attribuée aux restrictions à l'exportation imposées par la Chine le 15 septembre 2024. La propriété contient des occurrences historiques d'antimoine et d'or au sein de carbonates paléozoïques et de schistes métamorphiques du Mésozoïque inférieur. L'entreprise prévoit sa première campagne sur le terrain pour le deuxième trimestre de 2025.
Military Metals Corp (CSE: MILI) (OTCQB: MILIF) hat zusätzliche Anspruchsgebietsvermeldungen rund um das Last Chance Antimon-Gold-Vorkommen im Nye County, Nevada, abgeschlossen. Das Grundstück befindet sich 70 km nördlich von Tonapah und 12 km westlich der Round Mountain Goldmine von Kinross. CEO Scott Eldridge hob hervor, dass die Antimonpreise 38.000 USD pro Tonne erreicht haben, was es zur bestperformenden Ware des Jahres 2024 macht. Der Anstieg ist auf die von China am 15. September 2024 eingeführten Exportbeschränkungen zurückzuführen. Das Grundstück enthält historische Antimon-Gold-Vorkommen in paläozoischen Carbonaten und untermesozoischen metamorphen Schiefern. Das Unternehmen plant seine erste Feldkampagne für das zweite Quartal 2025.
- Strategic expansion of property claims near an operating gold mine
- Antimony prices at $38,000 USD per tonne, top performing commodity in 2024
- China's export restrictions creating favorable market conditions for domestic antimony development
- Field campaign not starting until Q2/2025
- Property currently has only historical production
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") is pleased to report that it has completed additional staking of claims surrounding the Last Chance antimony-gold property, located in Nye County, Nevada, just over 70km north of the town of Tonapah and 12km due west of Kinross' Round Mountain gold mine. The Company recently entered into a letter of intent to acquire the Last Chance antimony-gold property. Please refer to the Company's news release dated November 14, 2024, for additional details about the Last Chance property.
Scott Eldridge, Chief Executive Officer of the Company, commented, "Antimony prices have now risen to
Location map, Last Chance Property
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https://images.newsfilecorp.com/files/10818/231755_11f4bf32b4999b42_001full.jpg
Historical antimony-gold occurrences and a solitary shaft where limited historical production is recorded occur within a sequence of Paleozoic carbonates and Lower Mesozoic metamorphosed shales and carbonates; A series of ultramafic dykes as well as younger felsic intrusives and extrusives cut this sequence at several locations. Mineralization is structurally controlled, with folding, faulting and quartz veining seen throughout the metamorphosed sedimentary sequence at several locations across the property.
A fence of claims was staked surrounding the Last Chance property to ensure that additional ground considered potentially prospective remains available to the Company when it begins its first field campaign scheduled for Q2/2025.
The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, geological consultant to Military Metals and a qualified person as defined by NI 43-101.
About Military Metals Corp.
The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.
ON BEHALF OF THE BOARD of DIRECTORS
For more information, please contact:
Scott Eldridge
CEO and Director
For enquiries, please call 604-722-5381 or 604-537-7556
This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-Looking information in this news release includes statements related to the completion of a binding agreement and closing of the acquisition of the Last Chance Gold Property, as well as future plans for exploration activities, and assumptions related to the continuation of the global demand for antimony. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. These include meeting the conditions to close the acquisition of the Last Chance Gold Property, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the properties that are the subjects of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both and any future activities in respect of the properties. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-Looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward looking statements if circumstances, management's estimates or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231755
FAQ
What is the current price of antimony according to Military Metals (MILIF)?
Where is Military Metals' (MILIF) Last Chance property located?
When will Military Metals (MILIF) begin its first field campaign at Last Chance property?
What caused the recent antimony supply crunch mentioned by Military Metals (MILIF)?
