High-grade results from the first drill hole at Military Metals’ (CSE: MILI; US-OTC: MILIF) Trojarová antimony-gold project in Slovakia confirm the site hosts antimony values in line with historical estimates, as the company prepares to release an initial resource.
Highlight hole 25-TVA-001 cut 20 metres grading 2.22% stibnite – which hosts antimony – from 144.3 metres depth, including 6.8 metres at 4.9% antimony, the company reported Wednesday. Trojarová is about 20 km northeast of the capital Bratislava.
“This validation of the quality and continuity of historical results provides crucial confidence as we proceed with the completion of the project’s first modern mineral resource estimate,” expected this quarter, Military Metals CEO Scott Eldridge said in a release. “In the context of Europe’s Critical Raw Materials Act, these results underscore Trojarová’s potential to become a strategically important antimony project for the European Union at a time when secure, domestic supply of critical minerals has never been more important.”
Recent Trojarová purchase
The results come just over one year after Military Metals purchased the Soviet-era Trojarová site, one of the few modern antimony projects being advanced in Europe. Antimony, a corrosion-resistant metal used in defence and electronics applications is highly sought by Western countries after China – the world’s top producer and refiner of the metal – curbed exports in 2024.
The company also bought the Last Chance antimony project in Nevada, in 2024.
Military Metals shares rose almost 4% to 40¢ apiece on Wednesday afternoon in Toronto, valuing the company at about $27.2 million. The stock has traded in a 12-month range of 31¢ to 77¢.
Good as gold
Gold results from hole 25-TVA-001 include 20.1 metres grading 1.27 grams gold per tonne from 144.3 metres depth, including 5.4 metres at 3.17 grams gold.
Past owners explored at Trojarová in the 1980s and 1990s, logging 14,330 meters of drilling and building 1.7 km of underground workings. The site hosts about 1.3 million tonnes grading about 4% antimony and 0.591 grams gold in a 2% antimony cut-off scenario, according to a historical report the company cited.
The October 2024 purchase deal included a second antimony property, Tiennesgrund, located in eastern Slovakia. It features more than two dozen small underground workings and a long artisanal-scale mining history along its 10-km length. Tiennesgrund holds a large fault and shear-hosted antimony-gold vein system.
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