Military Metals Signs Definitive Agreement to Acquire the Last Chance Antimony-Gold Property in Nevada
Military Metals Corp. (MILIF) has signed a Definitive Agreement to acquire 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.
The property features historical antimony-gold occurrences and a shaft with historical production. The mineralization exists within Paleozoic carbonates and Lower Mesozoic metamorphosed shales and carbonates, with ultramafic dykes and felsic intrusives cutting through the sequence. Following a Letter of Intent signed last month, management added five mining claims to secure potentially prospective ground for their first field campaign planned for Q2/2025.
Military Metals Corp. (MILIF) ha firmato un Accordo Definitivo per acquisire la proprietà in antimonio-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.
La proprietà presenta storiche occorrenze di antimonio e oro e un pozzo con produzione storica. La mineralizzazione è presente all'interno di carbonati paleozoici e scisti e carbonati metamorfosati del Mesozoico Inferiore, con dykes ultramafici e intrusivi felsici che attraversano la sequenza. Dopo una Lettera di Intenti firmata il mese scorso, la direzione ha aggiunto cinque concessioni minerarie per garantire un terreno potenzialmente prospettico per la loro prima campagna sul campo pianificata per il Q2/2025.
Military Metals Corp. (MILIF) ha firmado un Acuerdo Definitivo para adquirir la propiedad de antimonio-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.
La propiedad presenta ocurrencias históricas de antimonio y oro, y un pozo con producción histórica. La mineralización existe dentro de carbonatos paleozoicos y esquistos y carbonatos metamorfoseados del Mesozoico Inferior, con diques ultramáficos e intrusivos félsicos que atraviesan la secuencia. Tras una Carta de Intención firmada el mes pasado, la administración añadió cinco derechos mineros para asegurar terrenos potencialmente prospectivos para su primera campaña de campo planificada para el segundo trimestre de 2025.
Military Metals Corp. (MILIF)는 네바다 주 나이 카운티에 있는 Last Chance 안티몬-금 자산을 인수하기 위한 최종 계약을 체결했습니다. 이 자산은 토나파에서 북쪽으로 70km, 킨로스의 라운드 마운틴 금광에서 서쪽으로 12km 떨어져 있습니다.
이 자산은 역사적인 안티몬-금 발생과 역사적 생산이 있는 갱이 특징입니다. 광물화는 고생대 탄산염과 하부 중생대 변성 셰일 및 탄산염 내에서 존재하며, 초마그네슘 성분의 다이아와 석영가루가 이 구조를 관통하고 있습니다. 지난달 서명된 의향서에 따라 경영진은 2025년 2분기를 위한 첫 번째 현장 캠페인 계획을 위한 잠재적으로 유망한 지상을 확보하기 위해 다섯 개의 광산 청구서를 추가했습니다.
Military Metals Corp. (MILIF) a signé un Accord Définitif pour acquérir la propriété en antimoine-or Last Chance dans le comté de Nye, 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.
La propriété présente des occurrences historiques d'antimoine et d'or ainsi qu'un puits avec une production historique. La minéralisation existe au sein de carbonates paléozoïques et de schistes et carbonates métamorphisés du Mésozoïque inférieur, avec des dyke ultramafiques et des intrusions felsiques traversant la séquence. Suite à une Lettre d'Intention signée le mois dernier, la direction a ajouté cinq revendications minières pour sécuriser un terrain potentiellement prospectif pour leur première campagne sur le terrain prévue pour le deuxième trimestre 2025.
Military Metals Corp. (MILIF) hat einen endgültigen Vertrag zur Übernahme der Last Chance Antimon-Gold-Liegenschaft im Nye County, Nevada, unterzeichnet. Die Liegenschaft befindet sich 70 km nördlich von Tonapah und 12 km westlich von Kinross' Round Mountain Goldmine.
Die Liegenschaft weist historische Vorkommen von Antimon und Gold sowie einen Schacht mit historischer Produktion auf. Die Mineralisierung ist innerhalb von Paläozoischen Karbonaten und Metamorphosierten Schiefern und Karbonaten des Niederen Mesozoikums zu finden, mit ultramafischen Gängen und felsischen Intrusionen, die durch die Sequenz schneiden. Nach einem im letzten Monat unterzeichneten Absichtserklärung hat das Management fünf Bergbauansprüche hinzugefügt, um möglicherweise aussichtsreiches Terrain für ihre erste Feldkampagne, die für das 2. Quartal 2025 geplant ist, zu sichern.
- Strategic location near Kinross' Round Mountain gold mine
- Property expansion through addition of five new mining claims
- Presence of historical antimony-gold occurrences indicating mineral potential
- Field campaign delayed until Q2/2025 due to winter conditions
- historical production from existing shaft
- No current production or resource estimates provided
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2024) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") is pleased to report that it has signed a Definitive Agreement to acquire 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. Please refer to the Company's news releases dated November 14 and December 1, 2024, for additional details about the Last Chance property and the Letter of Intent to acquire this property originally signed, last month.
Location map, Last Chance Property
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The Last Chance property hosts a number of historical antimony-gold occurrences and a solitary shaft where limited historical production is recorded. They 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. Pursuant to signing a Letter of Intent to acquire this property, last month, Management had five additional mining claims staked to ensure that additional ground considered potentially prospective remains available to the Company when it begins its first field campaign scheduled for Q2/2025, as soon as the winter snows have melted.
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 completed Definite Agreement, 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 of the Definitive Agreement, 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 subject 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/232988
FAQ
What property did Military Metals (MILIF) acquire in December 2024?
Where is the Last Chance property located relative to other mines?
When will Military Metals (MILIF) begin its first field campaign at Last Chance?
How many additional mining claims did Military Metals (MILIF) stake at Last Chance?
