Military Metals Reviews Its Slovakian Tin-Tungsten Asset in Slovakia
Military Metals Corp (OTCQB: MILIF) has provided an update on its Medvedi-Potok tin property in Slovakia, which hosts a Soviet-era historical tin resource. The 437-hectare exploration license is located in eastern Slovakia, near the village of Hnilec and 20 kilometers north of Rožňava.
The property, discovered in 1971, underwent extensive exploration including 36 trenches, 47 surface diamond drill holes, 5.3 kilometers of underground development, and 82 underground diamond drill holes. Historical estimates classified under the Soviet 'C2' category indicate 858,394 metric tons at 0.198% tin.
The mineralization is characterized as an intrusive-hosted greisened tin deposit, featuring high-grade tin in narrow quartz veins within a larger halo of lower-grade, disseminated mineralization. The company plans to review the extensive historical data and develop a strategy to maximize shareholder value.
Military Metals Corp (OTCQB: MILIF) ha fornito un aggiornamento sulla sua proprietà di stagno Medvedi-Potok in Slovacchia, che ospita una risorsa storica di stagno risalente all'era sovietica. La licenza di esplorazione di 437 ettari si trova nell'est della Slovacchia, vicino al villaggio di Hnilec e a 20 chilometri a nord di Rožňava.
La proprietà, scoperta nel 1971, ha subito un'ampia esplorazione che ha incluso 36 trincee, 47 fori di perforazione diamantata superficiali, 5,3 chilometri di sviluppo sotterraneo e 82 fori di perforazione diamantata sotterranei. Le stime storiche classificate sotto la categoria 'C2' sovietica indicano 858.394 tonnellate metriche con il 0,198% di stagno.
La mineralizzazione è caratterizzata come un deposito di stagno intrusivo ospitato in greisen, con stagno di alta qualità in vene di quarzo strette all'interno di un alone più ampio di mineralizzazione disseminata a bassa qualità. L'azienda prevede di rivedere i dati storici estesi e sviluppare una strategia per massimizzare il valore per gli azionisti.
Military Metals Corp (OTCQB: MILIF) ha proporcionado una actualización sobre su propiedad de estaño Medvedi-Potok en Eslovaquia, que alberga un recurso histórico de estaño de la era soviética. La licencia de exploración de 437 hectáreas se encuentra en el este de Eslovaquia, cerca del pueblo de Hnilec y a 20 kilómetros al norte de Rožňava.
La propiedad, descubierta en 1971, ha sido objeto de una extensa exploración que incluyó 36 trincheras, 47 perforaciones diamantadas superficiales, 5,3 kilómetros de desarrollo subterráneo y 82 perforaciones diamantadas subterráneas. Las estimaciones históricas clasificadas bajo la categoría 'C2' soviética indican 858.394 toneladas métricas con un 0,198% de estaño.
La mineralización se caracteriza como un depósito de estaño hospedado intrusivamente en greisen, con estaño de alta calidad en venas de cuarzo estrechas dentro de un halo más amplio de mineralización diseminada de menor calidad. La empresa planea revisar los extensos datos históricos y desarrollar una estrategia para maximizar el valor para los accionistas.
Military Metals Corp (OTCQB: MILIF)는 슬로바키아의 메드베디-포톡 주석 자산에 대한 업데이트를 제공했습니다. 이 자산은 소련 시대의 역사적인 주석 자원을 보유하고 있습니다. 437헥타르 규모의 탐사 라이센스는 슬로바키아 동부에 위치하며, 흐닐레츠 마을 근처와 로즈냐바에서 북쪽으로 20킬로미터 떨어져 있습니다.
1971년에 발견된 이 자산은 36개의 도랑, 47개의 표면 다이아몬드 시추공, 5.3킬로미터의 지하 개발 및 82개의 지하 다이아몬드 시추공을 포함한 광범위한 탐사를 거쳤습니다. 소련의 'C2' 범주로 분류된 역사적 추정치는 858,394 메트릭 톤에서 0.198% 주석을 나타냅니다.
광물화는 고급 주석이 더 낮은 품질의 분산 광물화의 더 큰 후광 내의 좁은 석영 vein에 있는 침입성 호스트 그레이즌 주석 매장물로 특징지어집니다. 회사는 방대한 역사적 데이터를 검토하고 주주 가치를 극대화하기 위한 전략을 개발할 계획입니다.
Military Metals Corp (OTCQB: MILIF) a fourni une mise à jour sur sa propriété d'étain Medvedi-Potok en Slovaquie, qui abrite une ressource historique d'étain datant de l'ère soviétique. La licence d'exploration de 437 hectares est située dans l'est de la Slovaquie, près du village de Hnilec et à 20 kilomètres au nord de Rožňava.
La propriété, découverte en 1971, a fait l'objet d'une vaste exploration comprenant 36 tranchées, 47 forages diamantés en surface, 5,3 kilomètres de développement souterrain et 82 forages diamantés souterrains. Les estimations historiques classées sous la catégorie 'C2' soviétique indiquent 858.394 tonnes métriques à 0,198% d'étain.
La minéralisation est caractérisée comme un dépôt d'étain intrusif hébergé dans du greisen, présentant de l'étain de haute qualité dans des veines de quartz étroites au sein d'un halo plus large de minéralisation disséminée de moindre qualité. L'entreprise prévoit de revoir les vastes données historiques et de développer une stratégie pour maximiser la valeur pour les actionnaires.
Military Metals Corp (OTCQB: MILIF) hat ein Update zu seinem Medvedi-Potok Zinnvorkommen in der Slowakei bereitgestellt, das eine historische Zinnressource aus der Sowjetzeit beherbergt. Die 437 Hektar große Explorationslizenz befindet sich im Osten der Slowakei, nahe dem Dorf Hnilec und 20 Kilometer nördlich von Rožňava.
Das Vorkommen, das 1971 entdeckt wurde, wurde umfassend erkundet, einschließlich 36 Gräben, 47 Oberflächen-Diamantbohrlöchern, 5,3 Kilometern unterirdischer Entwicklung und 82 unterirdischen Diamantbohrlöchern. Historische Schätzungen, die unter der sowjetischen 'C2'-Kategorie klassifiziert sind, geben an, dass 858.394 metrische Tonnen bei 0,198% Zinn vorhanden sind.
Die Mineralisierung wird als ein intrusiv gehostetes greisenartiges Zinnlager beschrieben, das hochgradiges Zinn in engen Quarzadern innerhalb eines größeren Halos von niedergradiger, disseminierter Mineralisierung aufweist. Das Unternehmen plant, die umfangreichen historischen Daten zu überprüfen und eine Strategie zu entwickeln, um den Aktionärswert zu maximieren.
- 100% ownership of Medvedi-Potok tin property
- Extensive historical exploration data available
- Strategic tin asset in Europe, outside of Asian production dominance
- Historical resource estimate of 858,394 tons at 0.198% tin
- Historical resource not compliant with current standards
- Additional work required to verify historical data
- Unknown cut-off grade in historical resource estimation
Vancouver, British Columbia--(Newsfile Corp. - March 19, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") has been focused on its
Military's CEO, Scott Eldridge, comments: "We are pleased to provide shareholders with an overview of this asset, and one that we believe has great potential to generate significant value. Tin prices are once again on the rise as its strategic importance as a unique critical metal becomes more apparent. Medvedi-Potok is one of the three Slovakian properties acquired by the Company last year, including our flagship antimony asset, Trojarová. Tin, a key metal with numerous industrial and high-tech applications is one where global production is controlled by just a few countries, similar to antimony. We look forward to completing a detailed review of the abundant historical data on this property and then formulating a plan to advance it in a manner that will bring maximum value to our shareholders."
MILI's Medvedi-Potok tin project comprises an Exploration license of 437 hectares (4.37 square kilometers) in size, located in eastern Slovakia just west of the village of Hnilec and 20 kilometers north of Rozñava, a historic mining town and former center of this region's historical mining industry. MILI's second antimony-gold property, Tiennesgrund, where tungsten values have been historically reported as well, is located 20 kilometers southeast of Medvedi-Potok, and 20 kilometers northeast of Rozñava. The company from which MILI acquired this property carried out very limited work but its initial due diligence work has provided MILI with basic information about the property, summarized below.
Discovered in 1971 by the former Czechoslovak Geological Survey pursuant to a soil geochemical survey, extensive exploration and development was completed over the following ten years, including: 36 trenches; 47 diamond drill holes from surface; 5.3 kilometers of underground development on two levels each with its own portal; 82 diamond drill holes from the underground workings; numerous studies including resource estimates, engineering studies, petrographic reports and metallurgical studies. Digital copies of all six volumes of these studies and reports comprising several thousand pages are in the Company's possession and will soon be digested by MILI's Slovak technical team in sufficient detail to ensure that all relevant information is captured and translated into English, with all spatial data properly georeferenced and placed into an integrated GIS (Geographical Information System) database so that these data may be used to better understand and advance the property.
Figure 1: Map showing the location of MILI's properties in Slovakia:
To view an enhanced version of this graphic, please visit:
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Mineralization at Medvedi-Potok is characteristic of a typical intrusive-hosted greisened tin deposit featuring a combination of higher tin grades in a series of narrow tin-bearing quartz veins within a larger halo of lower grade, disseminated and stockwork style tin mineralization in hydrothermally altered, or "greisened" granite. Historically estimated mineralization here was classified as "C2" within the Soviet era Russian classification system in use at that time: 858,394 metric tons ("tonnes") at an average grade of
Figure 2: Schematic illustration of a typical tin and related metals system
(Ag-silver, Pb-lead, Zn-zinc, W-tungsten, Bi-bismuth, Be-beryllium, Sn-tin, Mo-molybdenum)
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The technical contents of this release were reviewed and approved by Avrom E. Howard, MSc, PGeo, 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
scott@militarymetalscorp.com or info@militarymetalscorp.com
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 completion of the Company's review of the technical disclosure related to the asset, as well as future plans for maximizing value, and assumptions related to the continuation of the global demand for tin and continuation of the value of tin. 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 and value of tin, the continued use of tin and availability of alternatives, availability of capital and labour in respect of theproperty that is the subjecs of this news release, the results of any future exploration activities, which cannot be guaranteed, and such other factorsany future activities in respect of the property 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.
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FAQ
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