Military Metals Reviews Its Slovakian Tin-Tungsten Asset in Slovakia
Rhea-AI Summary
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.
Positive
- 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
Negative
- Historical resource not compliant with current standards
- Additional work required to verify historical data
- Unknown cut-off grade in historical resource estimation
News Market Reaction – MILIF
In the trading session that priced this news, MILIF gained 2.76%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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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