Military Metals completes field program at Last Chance

Executive Summary

• Military Metals Corp. has completed a field program at its wholly owned Last Chance antimony-gold property in Nevada, identifying high-priority drill targets through structural geology analysis.
• The program utilized modern exploration methods (ESRI Field Maps, Datamine Studio RM) on 49 outcrops to generate 3D projections of structures, aiming to delineate mineralized zones in a historical producer that has not seen modern exploration since the 1980s.
• The company is evaluating recommendations for future work, including detailed structural mapping, soil surveys, and drilling methods (RC vs. Diamond), while noting the strategic importance of domestic antimony production.

Key Details

• Property Location: Last Chance antimony-gold property, located 18 km west of Kinross Gold's Round Mountain gold mine in south-central Nevada.
• Historical Production:
  • WWI: 400 tons averaging 20% antimony.
  • 1939: 29 tons averaging 45% antimony.
  • 1941-1942: Over 200 tons of mined antimony shipped.
  • 1958 (Last reported production): 44 tons at 10-15% antimony.
• Field Program Activities:
  • Structural measurements taken at 49 outcrops using ESRI Field Maps app with GPS control.
  • Generated 3D projections of structures in Datamine Studio RM for drill target generation.
  • Produced form line maps of foliation-bedding and faults.
• Geological Findings:
  • Previous samples identified 6.66% and 11.61% stibnite in quartz-carbonate veins and flooded metasedimentary host rocks.
  • Stibnite grades ranged from 0.005% to 11.61% across at least three locations over a 1 km distance.
  • Additional stibnite-rich quartz vein samples recently identified.
  • Mineralization is controlled structurally and stratigraphically.
• Technical Recommendations:
  • Follow-up detailed structural mapping where intense iron carbonate alteration and quartz-carbonate breccia veining were observed.
  • Additional attention required for margins of the intensely altered zone.
  • Consideration of a soil survey.
  • Evaluation of Reverse Circulation (RC) vs. Diamond drilling due to potential underground workings.
• Strategic Context: CEO Scott Eldridge highlighted the U.S. government's ramp-up in funding for critical minerals, specifically antimony, to reduce reliance on foreign sources like China for defense, energy, and tech sectors.
• Administrative/Contractual Note: The release includes a disclosure of a one-month media services contract with i2i Marketing Group LLC for $375,000 USD, terminating October 10, 2025. This is included as it appears in the body of the release, though it is administrative in nature.

Notable Quotes

• "We are excited to report on the independent findings of a professional structural geologist, which has helped us to identify high-priority drill targets. Last Chance is a historical producer in a top mining jurisdiction, where modern exploration methods were never implemented. We look forward to further honing in on the identified drill targets with the aim of making a new discovery." — Scott Eldridge, CEO and Director.
• "The U.S. government has significantly ramped up funding for critical minerals projects -- including antimony as part of a broader push to secure domestic supply chains and reduce reliance on foreign sources like China. The U.S. urgently needs domestic antimony production for several strategic, economic and security reasons. Antimony is the linchpin in defense, energy and tech." — Scott Eldridge, CEO and Director.