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Military Metals Initiates Exploration Program at Its Manson Bay Gold-Bearing Polymetallic Property in Saskatchewan
Newsfile· 2025-07-15 11:30
Core Insights - Military Metals Corp. has initiated field work at its wholly-owned Manson Bay gold-bearing polymetallic property, with a budget of CAD 50,000 for the exploration program [1][2][9] Property Overview - The Manson Bay property consists of 13 mining claims covering 4,293.2 hectares located in east-central Saskatchewan, approximately 40 kilometers northwest of Flin Flon, Manitoba [1][2] - The property was the company's first significant mineral property acquisition, marking its transition to a mineral exploration company [1] Historical Exploration - The property was first discovered in 1953, with subsequent geophysical surveys and drilling revealing anomalous gold and silver values [5] - Historical exploration included drilling by MinGold Resources Limited between 1987 and 1988, totaling 49 holes and 5,467.8 meters, which identified a gold-copper zone [5][8] Recent Activities - In 2021, TerraLogic Exploration Inc. conducted various exploration activities, including airborne geophysical surveying and diamond drilling, to confirm and extend mineralization [6][8] - In 2024, geophysical surveys of five drill holes indicated a more extensive conductive layer, suggesting a broader zone of mineralization [9] Current Exploration Program - The current field program will focus on prospecting, rock sampling, geological mapping, and B-horizon soil sampling, conducted by a four-person field crew [9] - Management anticipates sharing the results of the exploration efforts in due course [9] Investor Relations - The company has engaged Tafin GmbH for investor relations services, particularly targeting the German stock market, with a total consideration of EUR 100,000 (approximately CAD 159,990) for a one-month term [11]