Military Metals Corp (CSE:MILI) will follow up the discoveries made in an initial fieldwork program at its wholly owned Last Chance Antimony Project in Nevada to expand its antimony footprint in the US.
Structural mapping for a follow up field program is currently being planned to drill target delineation. The company expects this to be complete within the next several weeks.
Focusing on where mineralised structures are likely to intersect with detailed structural documentation, the company intends to begin drilling following this upcoming program and on the return of necessary permits.
The company has sourced clots, veinlets, and stockworks of stibnite, with samples returning 6.66% and 11.61% of stibnite in quartz-carbonate veins and quartz-carbonate flooded metasedimentary host rocks prevalent across 1km of sampling.
The property also contains a shaft and three adits, which was identified from the three main areas of historical underground work.
Returning anomalous levels of copper and antimony from outcrops of malachite stained quartz-carbonate in this program, the company believes this represents underlying mineralisation, on top of locations from historical mining programs.
CEO Scott Eldridge says the critical significance of antimony continues to grow due to reliance within the defence sector and the global shift towards renewable energy.
This is apparent in the US with companies such as Perpetua Resources (TSX:PPTA), who recently received equity bought-deal financing of US$300 million ($462.65 million) to advance its Stibnite Project for antimony production.
“The US will require multiple antimony projects to satisfy its domestic consumption demands to become self-reliant,” Eldridge says.
“We are very excited about the potential of the Last Chance property as illustrated by the samples of up to 11.61% antimony, and its historical production. The discovery of additional locations where the presence of antimony mineralisation is suggested beyond those historically documented further emphasizes the blue-sky potential.”
Located 18km west of Kinross Gold’s (NYSE:KGC) Round Mountain gold mine, the Last Chance Project has not seen any exploration outside of limited gold-focused activities in the 1980s.
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 Corp
