Military Metals Corp (CSE:MILI) received “overwhelming” interest in the company at this month’s Prospectors & Developers Association of Canada (PDAC) convention, says CEO Scott Eldridge.
PDAC was held from 2-5 March at the Metro Toronto Convention Centre in Canada. Mining.com.au was an official media partner for the event.
In giving an update on progress at its flagship Trojarova antimony-gold project in western Slovakia, the CEO says global demand for antimony was a paramount topic at PDAC.
“Particularly in Europe where their need for military independence will now result in hundreds of billions of Euros pouring into the defence sector, which all stems from access to the key raw materials including antimony,” Eldridge says.
“We are pleased with the progress SLR has made to date as we work towards a Mineral Resource estimate and NI 43-101 Technical Report on our flagship asset in the heart of the EU.”
Work on the Trojarova antimony-gold project is being spearheaded by the mining advisory team at SLR Consulting (Canada).
Military Metals expects to soon complete construction of a geological-deposit model and construct mineralisation wireframes based on the historical data to determine the additional drilling necessary to be able to properly classify mineral resources at Trojarova in accordance with the requirements of National Instrument 43-101.
The company will also next design a diamond drill hole program and Quality Assurance/Quality Control protocols, so that both historical and newly obtained drill data can be used by SLR to prepare a new mineral resource estimate (MRE) and NI 43-101 Technical Report.
It is anticipated the company will be in a position to apply for drill permits by early April 2025. Diamond drillers are available both in Slovakia and elsewhere across Europe and Company personnel will meet with candidate companies toward negotiation of a drilling contract once the details of a drilling program have been finalised.
Drill permit applications will then be filed with the relevant authorities in Slovakia, a process that the Company’s Slovak technical team has indicated should only take a number of weeks, with drilling to immediately follow.
Progress to date comprises exploration work conducted on the project including 14,300m of diamond drilling and 350 underground channel samples digitised. This work was the basis of the historical Soviet era resource estimate.
The surface topographic map, underground geological map, and all historical drill sections have been digitised, georeferenced and imported into the Leapfrog software system for resource estimation work.
All historical drill data, translated from Slovak into English by Military’s Slovak technical team, have been digitised and imported into Leapfrog utilising geo-referenced drill collar locations.
A tentative interpretation of historically documented lithological units has been applied for three-dimensional modeling purposes, particularly those intimately associated with mineralisation.
All assay data from the 63 diamond drillholes and 350 underground channel samples have been digitized and imported into Leapfrog.
Military Metals 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.
Write to Adam Orlando at Mining.com.au
Images: PDAC
