Metallis Resources Launches 2025 Exploration Program
Metallis Resources Inc. is thrilled to kick off its much-anticipated exploration season at the Greyhound Property. This important step involves the company's inaugural geophysical survey, enhancing their exploration endeavors in the region. Designed to identify and refine targets ahead of summer drilling efforts, this high-resolution drone magnetic survey will cover a total of 298 line-kilometers across the property.
Significance of the Survey
The survey aims to better delineate the structural controls related to known mineralization. This property features several high-grade silver-gold-antimony prospects, situated within the historic Stibnite Mining District. Given the district's significant history of antimony production, the survey results are expected to provide essential insights into the area's mineral potential, especially within a 3.5 kilometer-long shear zone that has remained largely untested by modern techniques.
Comments from Leadership
Dave Dupre, the VP of Exploration at Metallis, shares, "We are excited to begin the 2025 exploration season with this groundbreaking geophysical survey at the historic Greyhound Property. Our exploration initiative builds on over 125 years of prior prospecting and mining, marking a significant milestone in our advancement of the property. The survey will not only deepen our understanding of the structural features that dictate mineralization but will also refine our existing drill targets for a more efficient exploration strategy."
Insights into the Survey Process
The geophysical survey is being carried out by Pioneer Exploration Consultants Ltd., a leader in UAV-based geophysical services. Conducted with meticulous attention, the survey will collect magnetic data at a spacing of 25 meters, which will be flown perpendicular to the identified shear zones.
Key Objectives
Among the primary objectives of the survey are:
- Identifying cross-cutting structures or faults: These may host new high-grade mineralization targets for future drill targeting.
- Tracing the shear zone: Understanding alterations related to mineralization beneath the overburden.
- Exploring untested terrain: Looking for parallel shear zones akin to those observed in other notable locations.
The findings from this survey will provide direction for future Induced Polarization surveys and guide the upcoming summer drilling program.
Overview of the Greyhound Property
In early 2024, Metallis acquired the Greyhound property, situated within the historic mining district. The property once served as a vibrant silver mining hub in the early 1900s, featuring a smelter and multiple active mines along the notable Greyhound shear zone.
Mineralization Potential
The Greyhound targets are characterized by significant shear zones containing polymetallic quartz-sulfide veins rich in gold, silver, antimony, lead, and zinc. This mineral profile draws parallels to those found in North Idaho's Silver Valley, a renowned silver production area known for yielding over a billion ounces of silver—an impressive $6 billion in overall value—making it one of the most productive mining districts globally.
Company and Market Information
Metallis Resources Inc., headquartered in Vancouver, is committed to exploration activities focused on gold, copper, and silver. Their flagship initiatives encompass both the 100%-owned Kirkham Property in British Columbia and the Greyhound Property in Idaho. Trading under MTS on the TSX Venture Exchange and MTLFF on the OTCQB Exchange, Metallis has 84,680,003 common shares outstanding.
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President, and Director
Frequently Asked Questions
What is the significance of the Greyhound Property?
The Greyhound Property is a historic mining site known for high-grade silver-gold-antimony prospects, making it a vital area for exploration.
Who is conducting the geophysical survey?
The survey is being conducted by Pioneer Exploration Consultants Ltd., renowned for their UAV-based geophysical services.
What are the objectives of the exploration program?
The objectives include identifying new mineralization targets, tracing the shear zone, and exploring untested terrain around the property.
What is the company's focus for the 2025 season?
Metallis Resources aims to deepen its understanding of the Greyhound Property through innovative exploration methods and prepare for a drill program.
How can one invest in Metallis Resources?
Interested investors can buy shares of Metallis Resources, which trades under the ticker symbols MTS on TSX and MTLFF on OTCQB.
