Northwire Canada EditionTuesday, November 3, 2026
Northwire
⌕
Gold 3,931.70 −0.9% Silver 49.67 −2.4% Copper 6.40 −2.5% Oil 96.74 +0.3% Palladium 928.75 −4.1% DML 2.95 −0.7% DOS 0.020 +0.0% NUG 0.215 +0.0% GIG 0.500 + CTN 0.045 + EQTY 0.085 +0.0% MON 0.420 +6.3% GAL 0.345 +0.0% MUR 0.160 +0.0% BARU 0.040 +0.0% GGO 1.01 +0.0% DNG 5.33 +1.3% VCU 0.770 +0.0% NVX 0.950 +4.4% LOD 0.210 −4.5% OBUL 0.390 +2.6% Gold 3,931.70 −0.9% Silver 49.67 −2.4% Copper 6.40 −2.5% Oil 96.74 +0.3% Palladium 928.75 −4.1% DML 2.95 −0.7% DOS 0.020 +0.0% NUG 0.215 +0.0% GIG 0.500 + CTN 0.045 + EQTY 0.085 +0.0% MON 0.420 +6.3% GAL 0.345 +0.0% MUR 0.160 +0.0% BARU 0.040 +0.0% GGO 1.01 +0.0% DNG 5.33 +1.3% VCU 0.770 +0.0% NVX 0.950 +4.4% LOD 0.210 −4.5% OBUL 0.390 +2.6%
Drill Results Routine +

Vault Strategic Completes Phase 1 And Prepares For Phase 2 Of Its Maiden Exploration Program At The War Bond Historical Tungsten Mine, Nevada

KNOX · Price

Executive Summary

  • Vault Strategic Mining Corp. has completed Phase 1 of its maiden exploration program at the War Bond Tungsten Project in Nevada, collecting 42 rock and geochemical samples for laboratory analysis.
  • Preparations are underway for Phase 2, which will focus on detailed geological mapping, surface verification of historical workings, channel sampling, and the generation of high-priority drill targets.
  • Historical records indicate the project is a past-producing tungsten skarn system with documented scheelite mineralization, though modern NI 43-101 compliant verification and resource definition are required.

Key Details

  • Project Location & Tenure: War Bond Tungsten Project, Delaware Mining District, Douglas County, Nevada, USA; comprises 20 unpatented lode mining claims covering approximately 400 acres.
  • Phase 1 Activities: Completed initial reconnaissance and sampling program; collected 42 rock and geochemical samples across the War Bond, Tactite, and Thursday historical mine areas.
  • Laboratory Analysis: Samples submitted to ALS Geochemistry (Reno, NV) for a complete suite of traditional and strategic metals and indicator elements.
  • Phase 2 Scope: Detailed mapping of intrusive-carbonate contacts and skarn zoning (garnet, epidote, scheelite); surface verification of historical pits, workings, and mine dumps with soil sampling; channel sampling across tactite/structures with soil traverses and QA/QC; portable UV work for scheelite distribution; structural measurements to constrain mineralized controls, plunge, and potential extensions; development of high-priority drill targets including coordinates, sections, and conceptual collar locations.
  • Historical Production & Assays: MRDS records list the War Bond Mine as a past producer (1952-1953) with historical grades of ~0.3% to 0.45% WO3. A 250-ton test lot from the Old Discovery East Pit averaged 0.3% WO3. Historical lab records report a selected sample at 14.40% WO3, with other samples ranging from 0.25% to 0.9% WO3.
  • Geological Model: Tungsten mineralization is associated with scheelite-bearing tactite or skarn developed near granite-limestone contacts.
  • Regulatory/Technical Status: Historical data is pre-NI 43-101 and non-compliant; management emphasizes the need for modern confirmation drilling, metallurgical studies, and NI 43-101 compliant resource estimates to define economic viability.
  • Qualified Person: Mr. William Feyerabend, CPG, Independent Consulting Geologist, reviewed and approved the disclosure.

Notable Quotes

  • “Completing Phase 1 at War Bond is an important first step for Vault as we begin applying modern exploration methods to a historical tungsten district in Nevada... With Phase 1 now complete, preparations are underway for a Phase 2 exploration program, which is expected to build on these results through continued field validation, refined target assessment and disciplined advancement toward drill target generation.” – Quinn Field-Dyte, CEO
Read the original news release →

More from Vault Strategic Mining Corp.