- Military Metals (CSE: MILI) provided a comprehensive review and update on its Medvedi-Potok tin property, which shares similarities with its flagship antimony-gold project, Trojarová
- Both properties host Soviet-era historical resources, with Medvedi-Potok featuring a significant tin deposit
- Discovered in 1971 by the former Czechoslovak Geological Survey, the Medvedi-Potok property underwent extensive exploration and development over the following decade
- Military Metals stock (CSE: MILI) last traded at $0.47
Military Metals (CSE: MILI) provided a comprehensive review and update on its Medvedi-Potok tin property, which shares similarities with its flagship antimony-gold project, Trojarová. Both properties host Soviet-era historical resources, with Medvedi-Potok featuring a significant tin deposit.
Tin, like antimony, is a critical metal with widespread applications in metal coatings, solder, electronics, glass and automobile manufacturing, and optical touch screens. Most of the global tin production is controlled by a few East Asian countries, mainly China, Myanmar, and Indonesia.
“Tin prices are once again on the rise as its strategic importance as a unique critical metal becomes more apparent. Medvedi-Potok is one of the three Slovakian properties acquired by the company last year, including our flagship antimony asset, Trojarová,” Military’s CEO, Scott Eldridge, explained in a media statement. “Tin, a key metal with numerous industrial and high-tech applications is one where global production is controlled by just a few countries, similar to antimony. We look forward to completing a detailed review of the abundant historical data on this property and then formulating a plan to advance it in a manner that will bring maximum value to our shareholders.”
The Medvedi-Potok tin project encompasses an exploration license of 4.37 square km in eastern Slovakia, near the village of Hnilec and 20 km north of the historic mining town of Rozňava. MILI’s second antimony-gold property, Tiennesgrund, is located 20 km southeast of Medvedi-Potok and 20 kilometers northeast of Rozňava.
Discovered in 1971 by the former Czechoslovak Geological Survey, the Medvedi-Potok property underwent extensive exploration and development over the following decade. This included 36 trenches, 47 surface diamond drill holes, 5.3 km of underground development, 82 underground diamond drill holes, and numerous studies such as resource estimates, engineering studies, petrographic reports, and metallurgical studies.
MILI possesses digital copies of all six volumes of these studies and reports, which are currently being reviewed by the company’s Slovak technical team. The goal is to capture all relevant information, translate it into English, and integrate it into a GIS (Geographical Information System) database for better understanding and advancement of the property.
The mineralization at Medvedi-Potok is typical of an intrusive-hosted greisened tin deposit, featuring higher tin grades in narrow quartz veins within a larger halo of lower-grade, disseminated, and stockwork-style tin mineralization in hydrothermally altered granite. Historical estimates classified the mineralization as “C2” under the Soviet-era Russian classification system, with 858,394 metric tons at an average grade of 0.198 per cent tin. This classification is similar to “Inferred Resources” under the Western system defined by the Canadian Institute of Mining, Metallurgy, and Petroleum.
While a qualified person has not yet classified this as current mineral resources or reserves, MILI management is confident in the historical data’s accuracy and precision. Once the historical data review is complete, the company plans to advance the Medvedi-Potok property to maximize its value for shareholders.
Military Metals Corp. 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.
Military Metals stock (CSE: MILI) last traded at $0.47.
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(Top image via Military Metals Corp.)
