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Drill Results

Armory Mining Provides Corporate Update

By The Northwire Desk — AI Analysis Jan 19, 2026 · 03:06 ARMY · 0.04 Armory Mining Corp.
ARMY · Price

Executive Summary

  • Armory Mining Corp. announced its planned exploration work for Q2 2026 on the Ammo Antimony‑Gold project in Nova Scotia, budgeting up to CDN $656,000 for the initial phase.
  • The company provided an update on the Candela II lithium brine project in Argentina, noting a scoping study underway and an inferred resource of 457,000 t Li₂CO₃.
  • Both updates include forward‑looking statements about future data collection, drilling targets, and potential economic significance driven by rising lithium prices.

Key Details

  • Ammo Gold‑Antimony Project – Initial Phase 1 work program (data compilation, prospecting, reconnaissance, surface sampling, geophysics) to identify drill targets; budget up to CDN $656,000.
  • Historical context: West Gore mine produced ~32,000 t of antimony concentrate (46% grade) and 6,861 oz gold between 1914‑1917.
  • Castello Q Exploration Corp engaged in December 2025 to execute the Phase 1 program.

  • Company will issue a detailed work‑program update within the next few weeks.

  • Candela II Lithium Deposit – Scoping study initiated to assess technical viability and economic potential of the lithium brine project.

  • Inferred resource: 457,000 t Li₂CO₃ in‑situ (resource estimate prepared by WSP Australia).
  • Current lithium carbonate price up ~30% YTD, enhancing project priority.

  • Project located in the “Lithium Triangle”; adjacent concessions held by Ganfeng Lithium, Rio Tinto, and Power Minerals.

  • Qualified Persons: Phillip Thomas (Candela II) and Harrison Cookenboo, Ph.D. (overall technical review).

Notable Quotes

  • None included in the release.
Read the original news release →

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Drill Results