en.Wedoany.com Reported - Vault Strategic Mining Corp. announced that assay results are pending for 42 rock and soil samples collected during the first phase of exploration at its War Bond Tungsten Project in western Nevada, USA. The project encompasses the historic War Bond, Tactite, and Thursday tungsten mining areas.
The 42 rock and soil samples have been submitted to ALS Geochemistry laboratory in Reno, Nevada, for analysis of conventional and strategic metals and key indicator elements. The assay results will be evaluated alongside previously released drone magnetic survey data and will form the technical basis for the inaugural NI 43-101 technical report. This report, prepared by senior geologist William "Bill" Feyerabend and Amazona Enterprises, was announced by the company on July 15, 2026. Nevada was ranked as the top global mining jurisdiction in the Fraser Institute's annual survey of mining companies released on February 26, 2026.
CEO Quinn Field-Dyte stated that the completion of the Phase 1 field program and sample submission represents a significant step forward for the project. The assay results and magnetic data will be incorporated into the first NI 43-101 technical report, which is expected to enhance geological understanding, refine exploration priorities, and clarify recommendations for the next phase. As the U.S. and its allies increasingly focus on securing domestic supplies of critical minerals, the company believes the War Bond project's historical tungsten production, strategic location in Nevada, and modern exploration potential make it a timely and compelling asset.
Tungsten, classified as a critical mineral by the U.S. and Canada due to its exceptional hardness, density, and heat resistance, is used in armor-piercing munitions, missile guidance systems, aerospace components, high-performance cutting tools, semiconductor manufacturing equipment, and energy infrastructure. The War Bond project is situated in a historic tungsten mining district in Nevada, and the company is applying modern exploration techniques to evaluate known mineralization and identify additional targets.
The War Bond claim group comprises 20 unpatented lode claims covering approximately 400 acres. The property encompasses the historic War Bond mine, as well as the Tactite and Thursday tungsten workings. Historical records refer to War Bond, Tactite, Thursday, Old Discovery, and Knight Claims as related or overlapping names for a broader tungsten mineralized area. Historical descriptions link mineralization to scheelite-bearing tactite or skarn developed near granite-limestone contacts. MRDS-based records describe a tungsten skarn deposit with scheelite mineralization, gangue including epidote, garnet, quartz, and calcite, with two main mineralized zones. Historical assay records include sample results from 1942 and 1943: a select sample from an upper hole location on Tactite Claim No. 1 graded 14.40% WO3; two additional 1942 samples graded 0.8% and 0.9% WO3 respectively; and a 1943 sample graded 0.35% WO3. Historical production data lists 1953 production with grades ranging from approximately 0.3% to 0.45% WO3, and a 250-ton test batch averaging 0.3% WO3 was mined from the Old Discovery East Pit.
The company states that the property has undergone historical exploration, development work, and some historical production. The cited historical information predates NI 43-101 standards and should not be considered current technical disclosure. The company believes historical work provides a foundation for modern exploration, but readers are cautioned that results have not been verified. The company will need to complete verification drilling, modern metallurgical studies, an NI 43-101 mineral resource estimate, and a feasibility study to advance the project.
Vault Strategic Mining Corp. is a North American resource company focused on strategic and critical mineral projects in premier mining jurisdictions. The company's shares are listed on the TSX Venture Exchange (TSXV: KNOX), OTC Markets (OTCID: KNXFF), and the Frankfurt Stock Exchange (FSE: M850).
