Metallis Resources Concludes Successful Drill Program
Metallis Resources Inc. (TSXV: MTS, OTCQB: MTLFF) is excited to announce the outcome of its inaugural diamond drilling campaign at the Greyhound Property. This ambitious program involved eleven diamond drill holes, collectively reaching a total of 1,605 meters. The drilling targeted three established prospects: Bulldog, 1350, and Birdie, marking a significant milestone in the company's exploration efforts.
Insights Gained from the Bulldog Target
The Bulldog target was particularly fascinating, with four drill holes contributing to a total of 484 meters drilled. The team centered their efforts on a notable shear zone characterized by a width of twelve meters, previously recognized for returning remarkable surface samples, including 4.9% antimony (Sb) and an impressive 3,360 grams per tonne (g/t) of silver (Ag). The drilling revealed semi-massive sulphides housed within quartz-sulphide veins, showcasing pyrite and arsenopyrite, alongside traces of sphalerite, galena, and stibnite.
Significant Discoveries at the 1350' Target
Moving on to the 1350' target, three drill holes with a cumulative length of 660 meters uncovered substantial sulphide mineralization. These strategically placed drill holes aimed at specific zones found near the Lower Rufus adit, an area known for its historical richness in yields. Remarkably, historical channel sampling results along a 36.9-meter stretch boasted returns of 1.85 g/t Au and an astonishing 785 g/t Ag. This mineralized shear zone has been traced vertically for 60 meters and horizontally for 70 meters, providing clarity on the morphology.
Exploration at the Birdie Target
Exploration efforts continued at the Birdie target, where four drill holes were completed, totaling 462 meters. This area saw two scissored drill holes beneath the Upper Birdie portal, alongside additional drilling from another pad located 50 meters southeast of the Lower Birdie. The findings, supported by trench cuts and historic adits, emphasized a prominent shear zone with quartz sulfide veins, showcasing widths between 1 to 3 meters.
The Analytical Process Behind the Findings
To ensure accurate results, core samples were meticulously halved with a diamond saw, one portion dispatched to ALS Labs for analysis while the other remains on-site for future reference. The samples underwent the ME-MS61 analysis method and fire assays (ME-GRA21) with a 30-gram sample size and a gravimetric finish, ensuring high standards of quality control. Results from these assays are anticipated between November and December and will be updated upon verification.
Recognizing Contributions to the Greyhound Project
Metallis expresses heartfelt gratitude to its dedicated exploration team and contractors involved in executing this drill program. Their expertise and commitment led to the successful completion of the first-ever drilling at Greyhound, adhering to timelines and budget expectations. Significant recognition goes to Foraco Drilling, Brian Brewer Exploration, and various subcontractors who made this venture possible.
Understanding the Greyhound Property
The Greyhound Property has a rich mining history that dates back to the early 1900s, being located approximately 42 kilometers northwest of a well-known town and notable for its contributions to the mining sector. Noteworthy for its polymetallic quartz-sulphide veins, this site contains elevated levels of gold, silver, antimony, lead, and zinc, comparable to numerous prolific mines in the region.
Future of Metallis Resources
Looking ahead, Metallis anticipates substantial exploration opportunities at Greyhound, supported by rigorous analysis and ongoing geological understanding. The forthcoming results hold the potential to shape their exploration models and direct future drilling campaigns, enhancing the company's position in the sector.
Frequently Asked Questions
What were the main targets of Metallis' drilling program?
The main targets were Bulldog, 1350, and Birdie, each showcasing promising geological features.
What mineralization was discovered during the drilling?
Drilling revealed significant quartz-sulphide veining with visible mineralization, including semi-massive sulphides.
When can we expect assay results from the drilling?
Assay results are anticipated throughout November and December, following careful analysis and verification.
How has the drilling impacted Metallis' exploration strategy?
The drilling provided key insights that will help refine their exploration model and guide future campaigns.
Who was involved in executing the drill program?
The exploration team, along with contractors like Foraco Drilling, played a crucial role in the program's success.
