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Armory Mining Corp. Signs Agreement to Option a 100% interest in the Riley Creek Project
Armory Mining Corp. Signs Agreement to Option a 100% interest in the Riley Creek
About this update from Armory Mining Corp.
[{"type":"text","content":"(via TheNewswire) \nVancouver, British Columbia -TheNewswire -July 21, 2025 – ArmoryMining Corp. (CSE: ARMY) (OTC: RMRYF) (FRA: 2JS) (the \"Company\" or \"Armory\") a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce that it has entered into an assignment agreement (the “Assignment Agreement”) with 1321968 BC Ltd. (“1321968”), Northex Capital Partners Inc. (“Northex”), and Tidal Gold Corp. (“Tidal” together with Northex, the “Optionors”) pursuant to which 1321968 agreed to assign to the Company an option (the “Option”) to acquire a 100% interest in certain mineral claims located in Haida Gwaii, British Columbia, which will form part of the Company’s Riley Creek Project. 1321968 holds the Option pursuant to a property option agreement dated February 1, 2024 between 1321968 and the Optionors.\n \n \n \nThe Riley Creek Project comprises four mineral claims located within the prospective Riley Creek epithermal gold property. These four mineral tenures host key mineral occurrences which are positioned along the regionally significant Rennell-Louscoone northwest trending fault system. \n \nThe mineral claims are located slightly inland from Rennell Sound, near the west coast of Graham Island, Haida Gwaii in the Skeena Mining Division. The Riley Creek Project can be accessed by traveling along all-weather logging roads for approximately 25km from Daajing Giids. The closest airport is Sandspit Regional Airport which has regular service to Vancouver and is 45km to the southeast. \n \nThe previous work on the Riley Creek Project area was completed in 2022, verifying high-grade antimony results documented in historic reports. Sample R-10011-JM was collected from an antimony (Sb)-quartz vein located to the east of the Courte Zone and contained overlimit antimony of >10,000ppm. At the time of the work, the focus was on evaluating the property for its gold potential, consequently, the high-grade antimony result was not followed up. According to the Annual Report to the Ministry of Mines published in 1942, Luke Watson's prospecting returned a sample containing 32.9% antimony in the same area as the Riley Creek Project. \n \nThe three other mineral occurrences that sit within the acquired mineral c...