on Armory Mining Corp. (CVE:ARMY)
Armory Mining Corp Initiates Exploration Program at Ammo Property
Armory Mining Corp, the resource exploration company, has begun a comprehensive exploration initiative at the Ammo Property in Nova Scotia. This program, conducted with Avant Exploration, aims to compile geological, geophysical, and multispectral datasets to identify potential antimony-gold targets. The integration of this data will produce a GIS database and proprietary maps for Armory.
Advanced technology, including multispectral satellite imagery from platforms like Sentinel and Landsat, will be employed to identify new targets, despite local vegetation. These efforts focus on areas adjacent to the historical West Gore antimony-gold mine. Armory's CEO, Alex Klenman, emphasizes the methodical strategy intended to enhance drill target identification.
Additionally, Armory plans a debt settlement of $50,000, issuing common shares to preserve cash reserves. The company has also implemented stock options and restricted share units for a director and consultants.
R. H.
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