Metallis Resources Shares Impressive Assay Results
Metallis Resources Inc. (TSXV: MTS, OTCQB: MTLFF) has announced its first field exploration results from the Greyhound Property, showcasing significant findings in silver, gold, lead, zinc, and antimony. These results come from a comprehensive exploration program that involved geological mapping, soil sampling, and rock sampling. The Greyhound Property has a well-established history as a stibnite mining camp, hinting at considerable mining potential for the company.
Key Takeaways from the Exploration Program
Fiore Aliperti, the CEO and President of Metallis, expressed excitement about the exploration outcomes. He commented, "We achieved our objectives, confirming the historic high-grade results and reaffirming the property’s significance in our exploration plans." The encouraging initial findings have convinced the company to continue exploring this asset, assessing options like advanced geophysics and drilling techniques.
Impressive Sample Results from the Property
In total, 133 rock samples were collected, which included 64 continuous chip samples and 69 grab samples. The assay results have shown remarkable grades, with some values surpassing 67.02 g/t AuEq and several samples yielding more than 10 g/t AuEq. Particularly striking was the discovery of high-grade antimony, with notable assays indicating that 12% of the rock samples found over 1% Sb.
Rock Sampling Yields Positive Results
The thorough sampling conducted across the Greyhound Property has highlighted occurrences of high-grade mineralization. For example, grab samples uncovered standout grades like 5,300 g/t Ag and 13.8 g/t Au from the Birdie Showing. Moreover, the continuous chip sampling has produced significant results with consistent grades, improving the understanding of the property’s mineralization potential.
Notable Results from Grab Sampling
Among the significant grab samples collected from the Greyhound Property, high levels of silver and gold were recorded. The samples showed values that indicate strong mineral concentrations across different locations, especially near Bulldog and Republican. This presents vast opportunities for further exploration, fortified by compelling data supporting the possibility of high-grade mineralization.
New Anomalies from Soil and Geological Mapping
The exploration initiatives also included a successful round of soil sampling that uncovered a new Pb/Zn/As/Sb anomaly roughly 100 meters east of an already known showing. This analysis of the soils has led the team to identify a new mineralized showing called 'Akita', significantly enhancing the exploration potential for the property. Soil tests and geological mapping reveal substantial possibilities for discovering more mineralization within the Greyhound estate.
Future Plans for Metallis Resources
As Metallis moves forward, the next phase involves utilizing geophysics and targeted drilling in key areas identified from the initial findings. With a solid history and encouraging results, the company is well-positioned to tap into the value of the Greyhound Property effectively.
About the Greyhound Property
Metallis obtained the Greyhound Property with intentions for significant exploration investments spanning a decade. Their thorough programs and dedicated geological assessments underline the property’s historical importance and its potential for future discoveries.
About Metallis Resources Inc.
Metallis Resources Inc. focuses on gold, copper, and silver exploration at its flagship Kirkham Property. Trading under multiple symbols, including MTLFF and MTS, the company is strategically working to maximize the opportunities presented by its various properties.
Frequently Asked Questions
What are the key highlights of Metallis' recent exploration results?
Metallis’ recent exploration results show impressive grades of gold, silver, and antimony across multiple samples, confirming the Greyhound Property's significant potential.
How many samples were taken during the exploration program?
The exploration program included 133 rock samples, combining continuous chip and grab samples that revealed exceptional assay grades.
What are the next steps for Metallis Resources?
The company plans to proceed with its exploration efforts using geophysics and drilling to further evaluate the mineral potential of the Greyhound Property.
What is the significance of the Antimony results?
The assay results demonstrated that 12% of the rock samples returned more than 1% Sb, indicating a high potential for this valuable mineral.
Where can I find more information about Metallis Resources?
More information is available on Metallis Resources' website, detailing their properties and upcoming exploration plans.
