Military Metals (CSE:MILI) has identified new drill targets at the Last Chance Property in Nevada, following the completion of a recent field work program.
The company appointed structural geologist John Federowich to conduct the field program, investigating the complex structural setting and its impact on mineralisation in historical activities and the prospective future.
The program analysed 49 outcrops across the property.
CEO Scott Eldridge says the structural geologist has helped identify multiple ‘high-priority’ drill targets which the company will hone in on soon in search of new discoveries.
“Last Chance is a historical producer in a top mining jurisdiction, where modern exploration methods were never implemented,” Eldridge says.
“The US 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 US urgently needs domestic antimony production for several strategic, economic, and security reasons.”
The property shipped 400 tons of material during World War I, averaging a grade of 20% antimony, as well as 29 tons in 1939, averaging a grade of 45% antimony.
Historical data reports that more than 200 tons of mined antimony was shipped between 1941 and 1942, before the last record production of 44 tons grading between 10% and 15% in 1958.
As reported by Mining.com.au, Military previously returned samples of 6.66% and 11.61% stibnite in quartz-carbonate veins and quartz-carbonate flooded metasedimentary host rocks.
Military Metals is an explorer focused on producing metals for defense technologies across Europe, Canada, and the US.
Write to Maddison Elliott at Mining.com.au
Images: Military Metals
