Military Metals Announces Soil Sampling Program at Its Last Chance Antimony-Gold Property in Nevada
Military Metals (OTCQB: MILIF) has announced plans to conduct a soil geochemical survey at its Last Chance antimony-gold property in Nevada, located near Kinross Gold's Round Mountain mine. The program, starting around September 29th, will collect up to 1,000 samples with 75-foot station spacing along lines 150 feet apart.
The Last Chance property has historical significance, having produced antimony during World War I and through the 1950s, including 400 tons averaging 20% antimony during WWI and 29 tons averaging 45% antimony in 1939. Recent samples by the company showed stibnite content ranging from 0.005% to 11.61%.
The company also announced a reservation of 6.6 million PSUs for officers, directors, employees, and consultants under its incentive share unit plan.
Military Metals (OTCQB: MILIF) ha comunicato piani per effettuare una indagine geochimica del suolo sulla proprietà Last Chance antimony-gold in Nevada, situata vicino alla miniera Round Mountain di Kinross Gold. Il programma, previsto per iniziare intorno al 29 settembre, prevede di raccogliere fino a 1.000 campioni con una spaziatura di stazione di 75 piedi lungo linee separate di 150 piedi.
La proprietà Last Chance possiede una certa rilevanza storica, avendo prodotto antimonio durante la prima guerra mondiale e fino agli anni Cinquanta, tra cui 400 tonnellate con una media del 20% di antimonio durante la WWI e 29 tonnellate con una media del 45% di antimonio nel 1939. Campioni recenti della società hanno mostrato contenuti di stibnito variabili dallo 0,005% all’11,61%.
L’azienda ha inoltre annunciato una riserva di 6,6 milioni di PSUs per ufficiali, direttori, dipendenti e consulenti nell’ambito del suo piano di unità di azione incentive.
Military Metals (OTCQB: MILIF) ha anunciado planes para realizar un levantamiento geoquímico del suelo en su propiedad de antimonio-oro Last Chance en Nevada, ubicada cerca de la mina Round Mountain de Kinross Gold. El programa, que comenzará alrededor del 29 de septiembre, recogerá hasta 1.000 muestras con una separación de estaciones de 75 pies a lo largo de líneas separadas por 150 pies.
La propiedad Last Chance tiene relevancia histórica, ya que produjo antimonio durante la Primera Guerra Mundial y hasta la década de 1950, incluyendo 400 toneladas con un promedio de 20% de antimonio durante la WWI y 29 toneladas con un promedio de 45% de antimonio en 1939. Muestras recientes de la empresa mostraron contenidos de stibnita entre 0,005% y 11,61%.
La compañía también anunció una reserva de 6,6 millones de PSUs para funcionarios, directores, empleados y consultores bajo su plan de unidades de acciones de incentivo.
Military Metals (OTCQB: MILIF)는 네바다주에 위치한 Last Chance 주석-금 속성에 대한 토양 지화학 조사를 실시할 계획을 발표했습니다. 이 속성은 Kinross Gold의 Round Mountain 광산 근처에 위치합니다. 프로그램은 9월 29일경 시작될 예정이며, 기관 간격이 75피트인 노선에 따라 최대 1,000개의 샘플을 수집합니다.
Last Chance 속성은 제1차 세계대전 중 및 1950년대까지 주석을 생산한 역사적 중요성을 가지며, 1914년~1918년 WWI期间 주석 20%의 평균으로 400톤, 1939년 주석 45%의 평균으로 29톤이 보고되었습니다. 회사의 최근 샘플에서 스티브나이트(stibnite) 함량은 0.005%~11.61%에 이르는 것으로 나타났습니다.
또한 회사는 임원, 이사, 직원 및 컨설턴트를 위한 인센티브 주식 단위 계획 아래 6.6백만 PSUs를 예약했다고 발표했습니다.
Military Metals (OTCQB: MILIF) a annoncé son intention d’effectuer une campagne de géochimie du sol sur sa propriété Last Chance antimoine-or au Nevada, située près de la mine Round Mountain de Kinross Gold. Le programme, qui débutera vers le 29 septembre, prévoit de collecter jusqu’à 1 000 échantillons avec un espacement des postes de 75 pieds le long de lignes distantes de 150 pieds.
La propriété Last Chance revêt une importance historique, ayant produit de l’antimoine pendant la Première Guerre mondiale et jusqu’aux années 1950, incluant 400 tonnes à une moyenne de 20% d’antimoine pendant la WWI et 29 tonnes à une moyenne de 45% d’antimoine en 1939. Des échantillons récents de la société ont montré des teneurs en stibnite allant de 0,005% à 11,61%.
La société a également annoncé une réservation de 6,6 millions de PSUs pour les administrateurs, dirigeants, employés et consultants dans le cadre de son plan d’unités d’incitation en actions.
Military Metals (OTCQB: MILIF) hat Pläne angekündigt, eine Boden-geochemische Erhebung auf dem Last Chance Antimon-Gold-Lager in Nevada durchzuführen, das sich in der Nähe der Round Mountain-Mine von Kinross Gold befindet. Das Programm soll voraussichtlich um den 29. September beginnen und bis zu 1.000 Proben mit einer Stationsabstand von 75 Fuß entlang von Linien, die 150 Fuß voneinander entfernt sind, sammeln.
Das Last Chance-Lager hat historische Bedeutung, da es während des Ersten Weltkriegs und bis in die 1950er Jahre Antimon produziert hat, darunter 400 Tonnen mit durchschnittlich 20% Antimon während des WWI und 29 Tonnen mit durchschnittlich 45% Antimon im Jahr 1939. Jüngste Proben des Unternehmens zeigten Stibnit-Gehalt von 0,005% bis 11,61%.
Das Unternehmen gab außerdem eine Reservierung von 6,6 Millionen PSUs für Offiziere, Direktoren, Mitarbeiter und Berater im Rahmen seines Incentive-Share-Unit-Plans bekannt.
Military Metals (OTCQB: MILIF) أعلنت عن خطط لإجراء مسح جيكوخوازي للموقع على ممتلكاتها Last Chance من عناصر التنجستن-الذهب في نيفادا، الواقع قرب منجم Round Mountain لشركة Kinross Gold. سيبدأ البرنامج في نحو 29 سبتمبر وسيجمع حتى 1,000 عينة بمسافة محطة تبلغ 75 قدمًا على طول خطوط تفصلها مسافة 150 قدمًا.
تمتلك ممتلكة Last Chance أهمية تاريخية، إذ أنها أنتجت التنجستين خلال الحرب العالمية الأولى وحتى الخمسينيات، بما في ذلك 400 طن بمتوسط 20% من التنجستين خلال WWI و29 طنًا بمتوسط 45% من التنجستين في 1939. أظهرت عينات حديثة للشركة محتوى stibnite يتراوح بين 0.005% إلى 11.61%.
كما أعلنت الشركة عن حجز 6.6 مليون PSUs لضباط ومديرين وموظفين ومستشارين ضمن خطتها للوحدات الممولة بالحوافز.
Military Metals (OTCQB: MILIF) 已宣布计划在其位于内华达州的 Last Chance 锑金矿产区进行土壤地球化学勘察，该区靠近 Kinross Gold 的 Round Mountain 露天矿。该计划预计于9月29日左右开始，沿线距150英尺的线段上以站距75英尺采集最多1,000个样品。
Last Chance 地区具有历史意义，在第一次世界大战及其后至1950年代仍产销锑，其中在第一次世界大战期间为400吨，平均含锑20%，1939年的产量为29吨，平均含锑45%。公司最近的样品显示 stibnite 含量在 0.005% 到 11.61% 之间。
公司还宣布，在其激励式股票单位计划下，将为高级职员、董事、员工及顾问保留660万 PSUs。
- None.
- No modern exploration methods have been applied to the property yet
- Results from the geochemical survey are pending and success is not guaranteed
- Potential dilution from 6.6 million PSUs reserved for insiders
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI"), is pleased to announce plans to carry out a soil geochemical survey program at its wholly-owned Last Chance antimony-gold property, located 18 kilometers west of Kinross Gold's Round Mountain gold mine in south-central Nevada. The survey is scheduled to begin on or around September 29th. The purpose of the field program is to follow up on recommendations from the recently completed structural geology field program (see September 9, 2025 news release), with special emphasis on prospective trends that were identified. Last Chance is a historical producer but modern exploration methods have never been applied; the new soil data gathered will be used to further narrow down target areas already identified.
Highlights:
- Soil geochemical survey will collect up to 1,000 samples;
- Data will be used to fine-tune drill targets examining correlation of structures with alteration and known mineralization;
- The grid comprises a 75 foot station spacing along lines spaced 150 feet apart;
- Last Chance is an historical mine, having produced 400 tons of material averaging
20% antimony during World War I, and 29 tons averaging45% antimony in 1939;1 - Between 1941 and 1942, over 200 tons of stibnite were shipped, with the last reported production comprising 44 tons at between 10
-15% antimony, in 1958;1 - Samples recently taken by Company personnel include
6.66% and11.61% stibnite, ranging from0.005% to11.61% stibnite; - Disseminated to massive stibnite is most often found in quartz-carbonate veins and quartz-carbonate flooded metasedimentary host rocks in at least three locations over a distance of 1 kilometer (see also MILI News Release dated June 19, 2025).
Scott Eldridge, CEO and Director stated, "We are in a period of higher demand for defense-related commodities and minerals placing further importance on antimony, it is needed in greater quantities as more countries modernize equipment. Global competition for antimony has increased the need for domestic sources, it is officially listed as a critical mineral in the U.S. which means it gets special attention in policy and planning. Increased government investment into critical minerals has been observed in the form of grants, equity and loans."
"Soil geochemistry is a cost-effective and often powerful tool in areas lacking abundant outcrop that can reveal subtle geochemical footprints at surface. It provides MILI with a cost-effective way to zero in on potentially buried mineralized systems. At Last Chance, soil sampling will help us further pinpoint the structures and halos that appear to be related to stibnite mineralization, sharpening our drill targets and increasing our chances of discovery. Soil geochemical analysis is an inexpensive method to assist in further honing in on drill targets."
Results from the geochemical survey will be incorporated with other data gathered on the property, to date, enabling discrete drill targets to be delineated to test both for extensions of known, historically developed mineralized structures as well as others indicated by recent and the forthcoming field work. Samples will be stored securely prior to shipping them to American Assay Laboratories, located in Sparks, Nevada, a roughly three hour drive from the property. All standard Quality Assurance - Quality Control protocols will be implemented to assure accuracy of the results obtained. Management looks forward to releasing and reviewing the results of this forthcoming soil geochemical survey as soon as they become available.
(1)(source: Lawrence, E.F., 1963: ANTIMONY DEPOSITS OF NEVADA, Nevada Bureau of Mines, Bulletin 61, p. 152).
IMAGE 1: Soil Sampling Grid Map
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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.
Grant of PSUs (performance stock units)
Based on achieving future significant milestones, the company announces that it has reserved 6.6 million PSUs for officers, directors, employees and consultants of the company under the terms of the company's incentive share unit plan for a period of five years.
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 Jeremy Ross, VP Corporate Development 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 Company's exploration plans in relation to the Last Chance gold and antimony project, and future conditions related to global and US critical minerals development. 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. Known risks include risks related to future demand for antimony, alterations of supply chains in a manner that deprioritizes domestic exploration, development and production of antimony or critical minerals in the United States and in the world, or risks related operating in the mineral exploration space, including permitting, labour shortages or disruptions, social disruptions, availability of capital, availability of equipment and other resources, or similar risks. 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/267895
FAQ
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What is the scope of Military Metals' (MILIF) planned soil sampling program?
What recent sample results has Military Metals reported from Last Chance?
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