Military Metals Announces Field Program at Its Tiennesgrund Antimony-Gold Property in Slovakia

Rhea-AI Summary

Military Metals Corp (OTCQB: MILIF) has announced plans to conduct a field program at its Tiennesgrund antimony-gold property in eastern Slovakia starting May 2025. The 13-square-kilometer property has a rich history of small-scale mining with over two dozen adits across the site.

Historical records indicate that one accessible adit produced 26,000 tons grading 18-24% antimony from 1930-1939, with tungsten content varying from 0.08-7.13%. The exploration program will focus on structural measurements from accessible underground workings and surface exposures, followed by soil geochemical surveys and trenching of promising areas.

The program, excluding drilling, is expected to take 3-4 weeks. The property is strategically located 25km northeast of Rožňava and 30km west-northwest of Kosice. CEO Scott Eldridge highlighted the timing of this exploration, noting the all-time high antimony prices and global supply shortage amid increasing demand from re-armament and renewable energy sectors.

Numerous Historical Workings Including Limited Production

Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") announces plans to carry out a field program at its 100% owned Tiennesgrund antimony-gold property located in eastern Slovakia, commencing in May. The area has been the recipient of prospecting and small-scale mining for several centuries for both gold and antimony, with over two dozen adits at various locations across the property, indicating the presence of a significant structural zone running the entire length of the property and beyond.

Two adits remain accessible including one where according to historical reports hand-sorting produced 26,000 tons grading 18-24% antimony from shoots within a veined zone up to 4.5 meters in width, down to a depth of 100-150 meters from 1930-1939. Interestingly, the material contained tungsten as well, varying from 0.08-7.13%, possibly indicating a magmatic fluid component to the mineral system (source: Grecula, P., (ed.), 1995: Mineral Deposits of the Slovak Ore Mountains, Vol. 1, Mineralia Slovaca, Bratislava). Readers are cautioned that these results cannot be independently confirmed by the Company's qualified person and should not be relied upon.

Military Metals' CEO, Scott Eldridge, comments: "Antimony prices continue to rise and remain at all-time highs. There is a global antimony supply shortage at a time where re-armament and renewable energy is advancing globally, two key demand pillars. We look forward to unlocking value at our second project in Slovakia, a location that remains to be explored in detail and where accessible historical underground workings should provide valuable geological information."

The property is 13km long and from 0.8-1.4km wide for a total of 13 square kilometers or 1,300 hectares. The key to determining the potential of this district-scale mineralized system is structure. Accordingly, exploration efforts will focus on locations across the property whereby virtue of accessible underground workings or surface exposures, structural measurements can be taken. Based upon the results of this work along with whatever additional information can be gleaned from the five volumes of government historical work on the property area spanning 1943-1989, areas will be selected for soil geochemical surveys. Locations where antimony and/or gold anomalies are delineated will be trenched, sampled and mapped. Locations where the combination of these efforts yield positive results indicative of a potentially significant concentration of antimony and/or gold, will be tested by drilling. The entire program with the exception of drilling is estimated to take three to four weeks, with a separate drilling program to follow at a time yet to be determined. The Tiennesgrund property is located 25km northeast of the historical mining town of Rozñava and 30km west-northwest of the city of Kosice.

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 commencement of the Company's field program at the Tiennesgrund property, the timeline for the field program discussed, and assumptions related to the continuation of the global demand for antimony and continuation of the value of 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 geopolitical developments related to the supply and value of antimony, the continued use of antimony and availability of alternatives, availability of capital and labour in respect of the field program at Tiennesgrund, the results of any future exploration activities, which cannot be guaranteed, and such other factors which may impact any future activities in respect of the Tiennesgrund 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248689

FAQ

What are the historical production figures from the Tiennesgrund property for MILIF?

Historical reports indicate 26,000 tons grading 18-24% antimony were produced from one adit between 1930-1939, with tungsten content ranging from 0.08-7.13%.

When will MILIF begin its field program at Tiennesgrund and how long will it take?

The field program will commence in May 2025 and is estimated to take 3-4 weeks, excluding the drilling phase.

What is the size and location of MILIF's Tiennesgrund property?

The property is 13km long and 0.8-1.4km wide, totaling 13 square kilometers, located 25km northeast of Rožňava and 30km west-northwest of Kosice, Slovakia.

What exploration methods will MILIF use at the Tiennesgrund property?

MILIF will conduct structural measurements, soil geochemical surveys, trenching, sampling, and mapping, followed by drilling in areas showing significant antimony and/or gold potential.

Why is MILIF focusing on antimony exploration at this time?

Antimony prices are at all-time highs with a global supply shortage, driven by increasing demand from re-armament and renewable energy sectors.