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Armory Mining Corp
Symbol ARMY
Shares Issued 89,470,309
Close 2026-02-06 C$ 0.04
Market Cap C$ 3,578,812
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Armory Mining to conduct airborne surveys at Ammo

2026-02-09 11:41 ET - News Release

Mr. Alex Klenman reports

ARMORY MINING TO CONDUCT A SERIES OF AIRBORNE GEOPHYSICS SURVEYS AT THE AMMO GOLD-ANTIMONY PROJECT

Armory Mining Corp. is preparing to conduct a series of airborne geophysics surveys at the Ammo antimony-gold project located in Nova Scotia, Canada.

The planned airborne geophysics surveys have been designed using efficient 50-metre flight lines to collect information from associated sulphide mineralization, sericite and potassic alteration, and probable pathfinder related uranium anomalies.

The company intends on undertaking a magnetic survey designed to collect information regarding geological characteristics including structural and lithological features, an electromagnetic survey to collect data correlated with associated sulphide mineralization, and a radiometric survey to collect any possible correlation between uranium anomalies and the target mineralization.

"These surveys form an important part of preliminary exploration critical to defining drill targets at Ammo," said Alex Klenman, chief executive officer of Armory Mining. "The data generated by the surveys will aid tremendously in determining the best areas to drill. The geological team has outlined a comprehensive exploration plan for the Ammo project, and we're committed to completing these next steps," continued Mr. Klenman.

The property

The company has the option to acquire a 100-per-cent interest in the Ammo Sb-Au (antimony-gold) project, comprising three contiguous mineral claims (exploration licences) surrounding the historical West Gore antimony-gold mine, a past producer of antimony and gold, located in central Nova Scotia, Canada, covering approximately 3,020 hectares.

The property is underlain by sericitic slates and minor intercalated arenites of the Halifax formation, a member of the Ordovician Meguma Group. It is made up of a basal sandy flysch unit known as the Goldenville formation and an overlying shaly flysch unit known as the Halifax formation, which hosts the West Gore gold-antimony mineralization. Peraluminous granites and minor mafic bodies intrude the Meguma Group sedimentary. This magmatic activity seems to be responsible for the hydrothermal activity that caused the gold mineralization.

The mineralization in adjacent West Gore mineralization occurs throughout the Meguma Group stratigraphy. The mineralization is generally in laterally continuous veins were emplaced during hydrofracturing in brittle ductile deformation dominated by quartz-carbonate gangue and iron sulphides with free gold, generally micron sized but nuggets up to 11 ounces have been reported. The sulphides with mineralization including pyrite, pyrrhotite, arsenopyrite, stibnite, chalcopyrite, galena, sphalerite and iron oxides are associated with quartz-carbonate veins or sheared host rocks in the Mineralized zone.

About Armory Mining Corp.

Armory Mining is a Canadian exploration company focused on minerals critical to the energy, security and defence sectors. The company controls an 80-per-cent interest in the Candela II lithium brine project located in the Incahuasi salar, Salta province, Argentina. In addition, the company controls 100-per-cent interest in both the Ammo antimony-gold project located in Nova Scotia and the Riley Creek antimony-gold project located in British Columbia.

Qualified person

The technical content of this news release has been reviewed and approved by Babak V. Azar, PGeo, a qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person. The information provided has not been verified and is being treated as historic.

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