Military Metals European Progress Update: Slovakia Resource Estimation
Military Metals Corp (OTCQB: MILIF) has provided an update on its Trojarova antimony-gold project in western Slovakia. The company has made significant progress in digitizing historical exploration data, including 14,300m of diamond drilling and 350 underground channel samples.
Key accomplishments include digitization and georeferencing of surface topographic maps, underground geological maps, and historical drill sections into the Leapfrog software system. The company has also completed the translation and digitization of historical drill data from Slovak to English.
Next steps involve constructing a geological-deposit model, developing mineralization wireframes, and designing a new diamond drill hole program. The company plans to apply for drill permits by early April 2025, with drilling to commence shortly after permit approval, which is expected to take several weeks.
Military Metals Corp (OTCQB: MILIF) ha fornito un aggiornamento sul suo progetto di antimonio-oro Trojarova nella Slovacchia occidentale. L'azienda ha fatto significativi progressi nella digitalizzazione dei dati storici di esplorazione, comprendenti 14.300 metri di perforazioni a diamante e 350 campioni di canali sotterranei.
I risultati chiave includono la digitalizzazione e la georeferenziazione delle mappe topografiche superficiali, delle mappe geologiche sotterranee e delle sezioni di perforazione storiche nel sistema software Leapfrog. L'azienda ha anche completato la traduzione e la digitalizzazione dei dati storici di perforazione dallo slovacco all'inglese.
I prossimi passi prevedono la costruzione di un modello di deposito geologico, lo sviluppo di wireframe di mineralizzazione e la progettazione di un nuovo programma di perforazione a diamante. L'azienda prevede di fare richiesta per i permessi di perforazione entro inizio aprile 2025, con l'inizio delle perforazioni previsto subito dopo l'approvazione dei permessi, che ci si aspetta richieda diverse settimane.
Military Metals Corp (OTCQB: MILIF) ha proporcionado una actualización sobre su proyecto de antimonio-oro Trojarova en Eslovaquia occidental. La empresa ha realizado avances significativos en la digitalización de datos históricos de exploración, que incluyen 14,300 metros de perforaciones con diamante y 350 muestras de canales subterráneos.
Los logros clave incluyen la digitalización y georreferenciación de mapas topográficos superficiales, mapas geológicos subterráneos y secciones de perforación históricas en el sistema de software Leapfrog. La empresa también ha completado la traducción y digitalización de datos históricos de perforación del eslovaco al inglés.
Los próximos pasos implican la construcción de un modelo de depósito geológico, el desarrollo de marcos de mineralización y el diseño de un nuevo programa de perforación con diamante. La empresa planea solicitar permisos de perforación para principios de abril de 2025, con la perforación comenzando poco después de la aprobación del permiso, que se espera tome varias semanas.
Military Metals Corp (OTCQB: MILIF)는 슬로바키아 서부에 위치한 Trojarova 안티몬-금 프로젝트에 대한 업데이트를 제공했습니다. 이 회사는 14,300m의 다이아몬드 드릴링과 350개의 지하 채널 샘플을 포함한 역사적 탐사 데이터를 디지털화하는 데 중요한 진전을 이루었습니다.
주요 성과에는 Leapfrog 소프트웨어 시스템에 표면 지형도, 지하 지질도 및 역사적 드릴 섹션의 디지털화 및 지리적 참조가 포함됩니다. 또한, 이 회사는 슬로바키아어로 된 역사적 드릴 데이터를 영어로 번역하고 디지털화하는 작업도 완료했습니다.
다음 단계에는 지질 자원 모델 구축, 광물화 와이어프레임 개발 및 새로운 다이아몬드 드릴 홀 프로그램 설계가 포함됩니다. 이 회사는 2025년 4월 초까지 드릴 허가를 신청할 계획이며, 허가 승인이 나면 곧바로 드릴링을 시작할 예정입니다. 허가 승인에는 몇 주가 소요될 것으로 예상됩니다.
Military Metals Corp (OTCQB: MILIF) a fourni une mise à jour sur son projet d'antimoine-or Trojarova dans l'ouest de la Slovaquie. L'entreprise a réalisé des progrès significatifs dans la numérisation des données historiques d'exploration, y compris 14 300 m de forage au diamant et 350 échantillons de canaux souterrains.
Les réalisations clés comprennent la numérisation et la géoréférenciation des cartes topographiques de surface, des cartes géologiques souterraines et des sections de forage historiques dans le système logiciel Leapfrog. L'entreprise a également terminé la traduction et la numérisation des données de forage historiques du slovaque vers l'anglais.
Les prochaines étapes consistent à construire un modèle de dépôt géologique, à développer des wireframes de minéralisation et à concevoir un nouveau programme de forage au diamant. L'entreprise prévoit de demander des permis de forage d'ici début avril 2025, avec un début de forage prévu peu après l'approbation des permis, ce qui devrait prendre plusieurs semaines.
Military Metals Corp (OTCQB: MILIF) hat ein Update zu seinem Trojarova Antimon-Gold-Projekt in der westlichen Slowakei bereitgestellt. Das Unternehmen hat bedeutende Fortschritte bei der Digitalisierung historischer Erkundungsdaten erzielt, einschließlich 14.300 m Diamantbohrungen und 350 Untertage-Kanalproben.
Wesentliche Errungenschaften umfassen die Digitalisierung und Georeferenzierung von Oberflächen-Topografiekarten, unterirdischen geologischen Karten und historischen Bohrabschnitten im Leapfrog-Software-System. Das Unternehmen hat auch die Übersetzung und Digitalisierung historischer Bohrdaten vom Slowakischen ins Englische abgeschlossen.
Die nächsten Schritte beinhalten den Aufbau eines geologischen Lagerstättenmodells, die Entwicklung von Mineralisierungs-Wireframes und die Planung eines neuen Diamantbohrprogramms. Das Unternehmen plant, bis Anfang April 2025 Bohrgenehmigungen zu beantragen, wobei die Bohrungen kurz nach Genehmigung des Antrags beginnen sollen, die voraussichtlich mehrere Wochen in Anspruch nehmen wird.
- Strategic location in EU with high antimony demand for defense sector
- Extensive historical data available: 14,300m of drilling and 350 underground samples
- Quick permit approval process expected (weeks rather than months)
- Readily available drilling contractors in Slovakia and Europe
- No current NI 43-101 compliant resource estimate
- Additional drilling required to properly classify mineral resources
- Reliance on historical Soviet-era resource estimates
Vancouver, British Columbia--(Newsfile Corp. - March 10, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "Military") is pleased to provide an update on progress at its flagship Trojarova antimony-gold project ("Trojarova" or the "Property") located in western Slovakia, Europe, being spearheaded by SLR Consulting (Canada) Limited's Mining Advisory team ("SLR").
Military's CEO, Scott Eldridge, comments, "Having returned from PDAC in Toronto last week, the interest in our Company was overwhelming. The global demand for antimony was a paramount topic, particularly in Europe where their need for military independence will now result in hundreds of billions of Euros pouring into the defense sector, which all stems from access to the key raw materials including antimony. We are pleased with the progress SLR has made to date as we work towards a Mineral Resource estimate and NI 43-101 Technical Report on our flagship asset in the heart of the EU."
Progress to date comprises the following:
- Previous exploration work conducted on the Project including 14,300 m of diamond drilling and 350 underground channel samples has now been digitized. This work was the basis of the historical Soviet era resource estimate;
- The surface topographic map, underground geological map, and all historical drill sections have been digitized, georeferenced and imported into the Leapfrog software system for resource estimation work;
- All historical drill data, translated from Slovak into English by Military's Slovak technical team, have been digitized and imported into Leapfrog utilizing georeferenced drill collar locations;
- A tentative interpretation of historically documented lithological units has been applied for three-dimensional modeling purposes, particularly those intimately associated with mineralization;
- All assay data from the 63 diamond drill holes and 350 underground channel samples have been digitized and imported into Leapfrog.
Next steps include the following:
- Complete construction of a geological-deposit model;
- Construct mineralization wireframes based on the historical data to determine the additional drilling necessary to be able to properly classify Mineral Resources at Trojarova in accordance with the requirements of National Instrument 43-101;
- Design a diamond drill hole program and Quality Assurance/Quality Control protocols, so that both historical and newly obtained drill data can be used by SLR to prepare a new Mineral Resource Estimate (MRE) and NI 43-101 Technical Report.
Company management anticipates being in a position to apply for drill permits by early April 2025. Diamond drillers are available both in Slovakia and elsewhere across Europe and Company personnel will meet with candidate companies toward negotiation of a drilling contract once the details of a drilling program have been finalized. Drill permit applications will then be filed with the relevant authorities in Slovakia, a process that the Company's Slovak technical team has indicated should only take a number of weeks, with drilling to immediately follow.
The technical contents of this release were reviewed and approved by Avrom E. Howard, M.Sc., P.Geo., VP-Exploration for Military Metals and a qualified person as defined by National Instrument 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 604-537-7556
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 future plans for exploration activities. 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 the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact both the Acquisition and any future activities in respect of the properties held by the Target. 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/243900
FAQ
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