Exciting Assay Results Highlight Metallis Resources' Potential
Metallis Resources Unveils Exceptional Assay Results
Metallis Resources Inc. (TSXV: MTS, OTCQB: MTLFF) has disclosed its inaugural field exploration results at the Greyhound Property, revealing significant findings in silver, gold, lead, zinc, and antimony. These results stem from an extensive exploration program, which included geological mapping, soil sampling, and rock sampling. The Greyhound Property is recognized for its rich history as a stibnite mining camp, suggesting substantial mining potential for the company.
Highlights from the Exploration Program
Fiore Aliperti, CEO and President of Metallis, expressed his enthusiasm regarding the exploration results. He stated, "We achieved our objectives, confirming the historic high-grade results and reaffirming the property’s significance in our exploration plans." The initial findings have encouraged the company to further explore the asset, considering options such as advanced geophysics and drilling methodologies.
Remarkable Sample Results from the Property
A total of 133 rock samples were collected, including 64 continuous chip samples and 69 grab samples. The assay results have exhibited exceptional grades, with some confirming values exceeding 67.02 g/t AuEq and numerous samples returning more than 10 g/t AuEq. The discovery of high-grade antimony was particularly impressive, with notable assays indicating that 12% of the rock samples returned over 1% Sb.
Success in Rock Sampling
The extensive sampling across the Greyhound Property has revealed high-grade mineralization. For instance, grab samples resulted in highlight grades such as 5,300 g/t Ag and 13.8 g/t Au from the Birdie Showing. Furthermore, continuous chip sampling yielded significant results with consistent grades, enhancing the understanding of the property’s mineralization potential.
Standout Results from Grab Sampling
Among the noteworthy grab samples taken across the Grayhound Property were high concentrations of silver and gold. Samples showed values indicating a robust mineral concentration across various locations, including areas around Bulldog and Republican. This opens doors for further exploration with strong data backing the potential for high-grade mineralization.
Soil and Geological Mapping Uncover New Anomalies
The exploration program also involved successful soil sampling that unearthed a new Pb/Zn/As/Sb anomaly about 100 meters east of a known showing. The assessment of these soils has driven the team to identify a new mineralized showing dubbed 'Akita', further amplifying the exploration potential of the property. Soil tests and geological mapping display a vast potential for discovering more mineralization regions within the Greyhound estate.
Future Steps for Metallis Resources
As Metallis progresses, plans for the next phase include employing geophysics and targeted drilling in critical areas identified from initial results. With a proven track record and promising findings, the company is poised to harness the value of the Greyhound Property effectively.
About the Greyhound Property
Metallis acquired the Greyhound Property with plans for substantial exploration investments over a ten-year timeline. Their comprehensive programs and dedicated geological assessments indicate the property’s historical significance and potential for future discoveries.
About Metallis Resources Inc.
Metallis Resources Inc. is focused on gold, copper, and silver exploration on its flagship Kirkham Property. The company is trading under multiple symbols, including MTLFF and MTS, and is implementing a strategic approach to maximize the prospects presented by its properties.
Frequently Asked Questions
What are the key highlights of Metallis' recent exploration results?
Metallis’ exploration results indicate impressive grades of gold, silver, and antimony across several samples, confirming the potential of the Greyhound Property.
How many samples were taken during the exploration program?
A total of 133 rock samples were collected, including continuous chip and grab samples that revealed exceptional assay grades.
What are the next steps for Metallis Resources?
The company plans to advance its exploration efforts with geophysics and drilling to further assess the Greyhound Property’s mineral potential.
What is the significance of the Antimony results?
The assay results showed that 12% of the rock samples returned over 1% Sb, showcasing high potential for this valuable mineral.
Where can I find more information about Metallis Resources?
Further information can be found on Metallis Resources' website, detailing their properties and upcoming exploration activities.
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