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Military Metals Issues Invitation to Tender for Resource Estimation at Its Trojarova Antimony-Gold Property in Slovakia

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Military Metals Corp (CSE:MILI) has invited tenders for a mineral resource estimation at its Trojarová antimony-gold property in Slovakia. Three technically qualified companies were selected to submit bids by December 20, 2024. The project aims to digitize historical Soviet-era data, verify historical estimates, and develop recommendations for new drilling programs. The final goal is to prepare a maiden mineral resource estimate compliant with current industry standards. The company expects to select a contractor by year-end, capitalizing on high antimony prices and demand to enhance shareholder value.

Military Metals Corp (CSE:MILI) ha invitato a presentare offerte per una stima delle risorse minerarie nella sua proprietà di antimonio e oro di Trojarová in Slovacchia. Sono state selezionate tre aziende tecnicamente qualificate per presentare le loro offerte entro il 20 dicembre 2024. Il progetto mira a digitalizzare i dati storici risalenti all'era sovietica, verificare le stime storiche e sviluppare raccomandazioni per nuovi programmi di perforazione. L'obiettivo finale è preparare una stima delle risorse minerarie iniziali conforme agli attuali standard del settore. L'azienda prevede di selezionare un appaltatore entro la fine dell'anno, capitalizzando sui prezzi elevati e sulla domanda di antimonio per accrescere il valore per gli azionisti.

Military Metals Corp (CSE:MILI) ha invitado a presentar propuestas para una estimación de recursos minerales en su propiedad de antimonio y oro de Trojarová en Eslucia. Se seleccionaron tres empresas técnicamente calificadas para presentar ofertas antes del 20 de diciembre de 2024. El proyecto tiene como objetivo digitalizar datos históricos de la era soviética, verificar estimaciones históricas y desarrollar recomendaciones para nuevos programas de perforación. La meta final es preparar una estimación de recursos minerales inicial que cumpla con los estándares actuales de la industria. La empresa espera seleccionar un contratista antes de fin de año, aprovechando los altos precios y la demanda de antimonio para aumentar el valor para los accionistas.

Military Metals Corp (CSE:MILI)는 슬로바키아의 Trojarová 안티모니와 금 자산에 대한 광물 자원 추정을 위한 입찰을 요청했습니다. 기술적으로 자격을 갖춘 세 개의 회사가 2024년 12월 20일까지 입찰을 제출하도록 선정되었습니다. 이 프로젝트는 역사적인 소련 시대의 데이터를 디지털화하고, 역사적인 추정을 검증하며, 새로운 시추 프로그램을 위한 권장 사항을 개발하는 것을 목표로 하고 있습니다. 최종 목표는 현재 산업 표준에 부합하는 최초의 광물 자원 추정을 준비하는 것입니다. 회사는 주주 가치를 증대하기 위해 높은 안티모니 가격과 수요를 활용하여 연말까지 계약자를 선정할 것으로 예상하고 있습니다.

Military Metals Corp (CSE:MILI) a invité des soumissions pour une estimation des ressources minérales sur sa propriété d'antimoine et d'or de Trojarová en Slovaquie. Trois entreprises techniquement qualifiées ont été sélectionnées pour soumettre des offres d'ici le 20 décembre 2024. Le projet vise à numériser des données historiques provenant de l'époque soviétique, à vérifier les estimations historiques et à élaborer des recommandations pour de nouveaux programmes de forage. L'objectif final est de préparer une estimation minière préliminaire conforme aux normes de l'industrie actuelles. L'entreprise espère sélectionner un entrepreneur d'ici la fin de l'année, en tirant parti des prix élevés et de la demande d'antimoine pour accroître la valeur pour les actionnaires.

Military Metals Corp (CSE:MILI) hat Angebote für eine Mineralressourcenschätzung in seinem Trojarová Antimon-Gold-Vermögen in der Slowakei eingeladen. Drei technisch qualifizierte Unternehmen wurden ausgewählt, um bis zum 20. Dezember 2024 Angebote einzureichen. Das Projekt zielt darauf ab, historische Daten aus der Sowjetzeit zu digitalisieren, historische Schätzungen zu überprüfen und Empfehlungen für neue Bohrprogramme zu entwickeln. Das endgültige Ziel ist die Erstellung einer ersten Mineralressourcenschätzung, die den aktuellen Branchenstandards entspricht. Das Unternehmen erwartet, bis Ende des Jahres einen Auftragnehmer auszuwählen und dabei von den hohen Antimonpreisen und der Nachfrage zu profitieren, um den Wert für die Aktionäre zu steigern.

Positive
  • Strategic location in Europe with historical antimony production
  • Existing historical resource estimates from previous Soviet-era operations
  • High antimony prices and demand supporting project development
Negative
  • Current resource estimates are non-compliant with modern industry standards
  • Additional drilling and verification work required to validate historical data

Vancouver, British Columbia--(Newsfile Corp. - November 25, 2024) - Military Metals Corp. (CSE:MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") has issued an invitation to tender bids for carrying out a mineral resource estimation at the Company's Trojarová antimony-gold property in Slovakia. Three companies with recognized technical credentials were selected to submit bids.

Trojarová, located in the heart of Europe, had prior development and production operations in respect of antimony. Historical resource estimates were produced in connection with Soviet era work conducted on the property, in accordance with the Russian classification system at the time. Please refer to the Company's news release dated October 30, 2024 for more detailed information about this antimony-gold deposit and the prior estimates. The historical work conducted is instructive as to future work programs to be conducted by the Company.

The Company expects to receive bids by December 20, 2024 and to make a decision by year's end as to which company it will commission with a three-fold task:

  1. Input all historical data into a digital data base, including drill logs and analyses, plans, section, underground geological mapping and sampling, historical block modeling and all other relevant data, in order to generate an independent three-dimensional model and seek to verify the accuracy of the historical estimates on the property:
  2. Make recommendations to management in regard to the number, location, orientation and depth of twin and infill holes to be drilled, along with all quality assurance, quality control protocols, in order that the non-compliant historical resource can be upgraded and classified as a mineral resource in accordance with current industry standards;
  3. On completion of the new drill program outlined in items 1 and 2 above, input all newly generated drill data and prepare a "maiden" mineral resource estimate.

Management eagerly awaits receipt of bids and then plans to move forward with the above three step program. With continuation of high antimony prices and demand, management believes that conducting work on Trojarová can add significant value for shareholders.

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

scott@militarymetalscorp.com

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 filing of a NI 43-101 compliant technical report, activities related to the classification of mineralization documented at Trojarova as a current mineral resource, work to be conducted by the successful bidding party for the work described in the news release, future drill programs and other exploration work, and any future plans for activities at Trojarova. 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, geopolitical developments related to the supply of antimony, the continued use of antimony and availability of alternatives, future prices of antimony, availability of capital and labour in respect of Trojarova, any required approvals related to exploration activities to be conducted, the completion of successful bids as part of the process outlined in the news release, the results of any future exploration activities, which cannot be guaranteed, and such other factors as may impact any future activities in respect of the properties held by the Company. 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/231241

FAQ

What is Military Metals' (MILIF) plan for the Trojarová antimony-gold property?

Military Metals plans to conduct a three-step program including digitizing historical data, planning new drill programs, and preparing a maiden mineral resource estimate compliant with current industry standards.

When will Military Metals (MILIF) select a contractor for the Trojarová resource estimation?

The company expects to receive bids by December 20, 2024, and make a decision by the end of 2024.

What is the historical significance of Military Metals' (MILIF) Trojarová property?

The Trojarová property had prior antimony development and production operations during the Soviet era, with historical resource estimates produced under the Russian classification system.

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