Announcement • Jul 19
Vault Strategic Mining Corp Announces Assays Pending from Phase 1 Exploration At War Bond Tungsten Project
Vault Strategic Mining Corp. has submitted 42 rock and soil samples collected during the Phase 1 exploration program at the War Bond Tungsten Project in western Nevada. War Bond encompasses the historical War Bond, Tactite and Thursday tungsten mine areas. A total of 42 rock and soil samples were submitted to ALS Geochemistry in Reno, Nevada, for analysis of a broad suite of conventional and strategic metals and key indicator elements. The assay results will be evaluated alongside data from the previously announced drone-borne magnetic survey and will form part of the technical foundation for the maiden NI 43-101 technical report being prepared by William Feyerabend and Amazona Enterprises. The assay results, together with the drone-borne magnetic survey data, will be incorporated into the maiden NI 43-101 technical report being prepared by William Feyerabend and Amazona Enterprises. War Bond's strategic relevance is reinforced by escalating geopolitical tensions, uncertainty affecting global shipping routes and continued restrictions on critical mineral exports. Tungsten is classified as a critical mineral by both the United States and Canada and is used in armor-piercing ammunition and kinetic energy penetrators, missile guidance and weapons systems, aerospace and aviation components, high-performance cutting and machining tools, semiconductor manufacturing equipment, and energy infrastructure and advanced industrial technologies. Located within one of Nevada's historic tungsten mining districts, War Bond encompasses the historical War Bond, Tactite and Thursday mine areas, which collectively form part of a historically productive tungsten camp. Vault is applying modern exploration techniques to evaluate known mineralization and identify additional targets across the property. The War Bond claim package comprises 20 unpatented lode mining claims covering approximately 400 acres in the Delaware Mining District of western Nevada. The property encompasses the historical War Bond Mine and the Tactite and Thursday tungsten workings. Available online historical records appear to use War Bond, Tactite, Thursday, Old Discovery and Knight Claims as related or overlapping names within a broader tungsten occurrence rather than as distinct modern projects. Western Mining History's MRDS-derived War Bond Mine record identifies War Bond as a tungsten mine in Douglas County, Nevada, and lists Tactite and Thursday, Old Discovery and Knight Claims as secondary names. A separate MRDS-derived War Bond Tungsten Mine record lists Tactite & Thursday, Old Discovery Claim, Knight Claims, Tungsten Valley Claim, Yellow Problem Claim and Margret Claim as related secondary names. The record also identifies Carson Tungsten Co. as the owner, provides an information year of 1952 and classifies the operation as a past producer. Historical descriptions associate tungsten mineralization in the area with scheelite-bearing tactite or skarn developed near granite-limestone contacts. The Nevada Bureau of Mines and Geology publication Mineral Resources of Douglas, Ormsby, and Washoe Counties describes the Tactite Thursday claim as being located approximately 15 miles southeast of Carson City in Section 9, T. 14 N., R. 21 E., and reports scheelite in a small tactite area near a granite-limestone contact. The MRDS-derived Tactite Thursday record describes the occurrence as a tungsten skarn with scheelite mineralization and epidote, garnet, quartz and calcite gangue. The record identifies two principal mineralized areas: a west zone with narrow scheelite-bearing widths reporting up to 0.3% WO3 and an east zone with small scheelite shoots reporting values of 0.25% to 0.45% WO3 over widths of 4 to 8 feet. Historical assay and laboratory records contained in the Nevada Bureau of Mines and Geology Digital Library file titled Preliminary Examination of Tactite and Thursday Group include selected and dump-sample results from 1942 and 1943. Reported results include a selected sample from the upper location hole on Tactite Claim No. 1 grading 14.40% WO3, two additional 1942 samples grading 0.8% WO3 and 0.9% WO3, and a 1943 University of Nevada State Analytical Mining Laboratory report describing metamorphosed rock with garnet and traces of scheelite grading 0.35% tungsten trioxide. The MRDS-derived War Bond Mine record lists production in 1953, a production period from 1952 to 1953 and a reported grade range of approximately 0.3% to 0.45% WO3. The Tactite Thursday record also states that a 250-ton test lot averaging 0.3% WO3 was mined from the Old Discovery East Pit. Collectively, these records describe a historically explored tungsten skarn system with documented scheelite-bearing tactite mineralization, surface workings, sampling and limited historical mining or test-lot production. The properties comprising the Company's portfolio have been subject to historical exploration, development work and, in several cases, past production.
