Original News Release
Military Metals completes field program at Last Chance
Mr. Scott Eldridge reports
MILITARY METALS COMPLETES FIELD PROGRAM AT ITS LAST CHANCE ANTIMONY-GOLD PROPERTY IN NEVADA - IDENTIFIES DRILL TARGETS
Military Metals Corp. has successfully completed a field program at its wholly owned Last Chance antimony-gold property, located 18 kilometres (km) west of Kinross Gold's Round Mountain gold mine in south-central Nevada. The purpose of the field program was to map geological structures targeting both known mineralized structures, as well as potential additional ones that could be accurately delineated, 49 outcrops across the property were used in the analysis. Last Chance is a historical producer, however, modern exploration methods have never been applied.
Highlights:
Historical producer: 400 tons of material averaging 20 per cent antimony were reportedly shipped during the First World War and 29 tons averaging 45 per cent antimony were shipped in 1939 (1);
During 1941 to 1942, over 200 tons of mined antimony were shipped. The last reported production was in 1958, comprising 44 tons at shipped grades of between 10 and 15 per cent antimony (1);
Structural measurements at 49 outcrops using the ESRI Field Maps app GPS (Global Positioning System) control were obtained;
Generated projections of structures in 3-D in Datamine Studio RM for drill target generation;
Previous samples taken by the company include 6.66 per cent and 11.61 per cent stibnite, ranging from 0.005 per cent to 11.61 per cent stibnite, found in quartz-carbonate veins and quartz-carbonate flooded metasedimentary host rocks in at least three locations over a distance of one km (see also the company's news release dated June 19, 2025);
Additional stibnite-rich quartz vein samples were recently identified.
Scott Eldridge, chief executive officer and director, stated: "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. 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."
Historical infrastructure, including a shaft, three adits, dumps and the ruins of a mill, remain on site. Aside from limited gold-focused exploration during the 1980s, the property has not seen any exploration activity until the company acquired it. Originally discovered in the late 1800s, the Last Chance property was initially developed to exploit antimony followed by repeated intervals of small-scale production until the 1950s, with exploration efforts in the 1980s focused on gold. According to a Nevada Bureau of Mines report, 400 tons of material averaging 20 per cent antimony were reportedly shipped during the First World War and 29 tons averaging 45 per cent antimony were shipped in 1939. During 1941 to 1942, over 200 tons of mined antimony were shipped. The last reported production was in 1958, comprising 44 tons at shipped grades of between 10 and 15 per cent antimony. The mine was developed by a 180-foot shaft with a total of 300 feet of drifting on the 60-, 80-, 96-, 126- and 175-foot levels. An adit connected with the 126-foot level. Other workings elsewhere on the property included a 180-foot long adit, several open pits and short adits.
(1) Source: E.F. Lawrence, 1963: Antimony Deposits of Nevada, Nevada Bureau of Mines, bulletin 61, page 152.
The antimony mineralization at Last chance is controlled both structurally and stratigraphically. A field program recently completed by structural geologist Dr. John Federowich, PhD, has provided details regarding the property's complex structural setting and its impact upon mineralization both in terms of what was historically exploited and, more importantly, the potential for more. Structural measurements were made at 49 outcrops across the property; precise location control was obtained utilizing a differential GPS and ESRI digital mapping app. Based upon these measurements, a form line map of foliation-bedding and faults was produced, along with projections of structures in 3-D for drill target generation in a report accompanied by maps.
Recommendations presented by Dr. Federovich include follow-up detailed structural mapping where intense iron carbonate alteration and quartz-carbonate breccia veining was observed; the margins of the intensely altered zone requires additional attention as well. Although the surface area of the property has been disturbed by historical mining activity, a recommendation to consider a soil survey was made. The relative advantages of reverse circulation versus diamond drilling in an area where underground workings could complicate the latter were discussed as well. The company is evaluating the recommendations as part of its future program at Last Chance.
Investor relations engagement
On Sept. 8, 2025, the company entered into a media services contract with i2i Marketing Group LLC. Pursuant to the terms of the i2i agreement, i2i will, among other items, provide the company with marketing services, which include social media management, content creation, distribution, digital marketing, digital advertising and any other marketing services, as agreed upon by the company and i2i, for distribution by e-mail and on popular investor platforms. The i2i agreement has a term of one month and terminates on Oct. 10, 2025. The company will make two equal payments to i2i for total consideration of $375,000 (U.S.) for the i2i services. Joe Grubb and Kailyn White will be providing the i2i services to the company on behalf of i2i and may be contacted at 312-725-3843 or [email protected], 1107 Key Plaza, Ste. 222, Key West, Fla., 33040. The company will not issue any securities to i2i as compensation. i2i and its principals are arm's length to the company and do not have any interest, direct or indirect, in the company or its securities, nor do they have any right to acquire such an interest.
The technical contents of this news release were reviewed and approved by Avrom E. Howard, MSc, PGeo, vice-president of 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.
We seek Safe Harbor.
View at source ↗