Metalsource Mining Inc. (CSE: MSM, OTC:MSMMF) (OTCQB: MSMMF) (FSE: E9Z) (the “Firm” or “Metalsource”) is happy to announce not too long ago obtained analytical outcomes from ongoing exploration drilling on the Silver Hill Mission, positioned roughly 15 km south of Lexington, North Carolina.
SH26-07 captured 48.04 g/t AuEq 12.62m, together with 85.4 g/t AuEq 6.95m and 210.72 g/t AuEq 2.74m. These evaluation outcomes spotlight the high-grade potential of the system and point out a big improve within the worth of gold. Moreover, they characterize an extension of the despair size 195 meters beneath the floor. Ongoing exploration outcomes present visually confirmed huge to semi-massive sulphide mineralization in each downdip and strike.
Desk 1: Mixed assay outcomes for SH25-05 and SH25-07. Further information is required to estimate the true width of the intercept at this stage of the undertaking, so the reported width is the core size. *Please see beneath for particulars on AuEq and AgEq.
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The mineralization consists of in depth huge to semi-massive sphalerite-galena-pyrite-chalcopyrite +/-electrum (gold-silver alloy). As exploration efforts proceed, a number of mineralization types and deposit fashions are being evaluated. Strike reconnaissance signifies that the Silver Hill host rock extension extends not less than 1.5 km to the north, indicating a big pickup in exploration elsewhere on this property package deal. Moreover, ground-induced polarization (IP) and magnetic geothermal (MT) geophysical exploration of the complete website is in its remaining phases, and future outcomes will inform short-term exploration objectives.
Determine 1: Panoramic {photograph} displaying the character of the Silver Hill mineralization. Notice the widespread presence of huge to semimassive sulfides throughout the 12.62 m interval. Run blocks are in ft.
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Determine 2: Shut-up view of the intercepted mineralization at 141.2m in SH26-07.
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Determine 3: Shut-up view of the intercepted mineralization at 141.9m in SH26-07.
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Determine 4: Shut-up view of the intercepted mineralization at 142.3m in SH26-07.
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Determine 5: Lengthy cross part oriented east-northeast (113°) displaying color-coded part places by AgEq grade. Notice that the black intersection signifies the pending assay on the approximate location.
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Determine 6: Northward cross-section displaying present excavation outcomes. Clean gap traces point out pending assays. Notice that SH26-10 by way of SH26-14 will not be proven for readability. Part width 200m.
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Joe Cullen, CEO of MetalSource Mining, commented:
“SH26-07 is a transformative achievement for steel supply mining. 195 meters beneath floor within the authentic discovery, 209 grams per tonne gold over virtually 3 meters intersected inside an envelope of 46 grams per tonne gold over 12.62 meters, confirming that Silver Hill just isn’t a near-surface anomaly. We consider that essentially the most vital discoveries at Silver Hill are nonetheless forward, given latest drill holes, an energetic drilling program, and site-wide geophysical surveys that are actually built-in into our geological mannequin. ”
Desk 2: Drill collar places and structure azimuth/dip for exploration drilling carried out so far on the Silver Hill Mission. Because of ongoing collar analysis, the reported collar peak might change. Collar coordination with WGS84/UTMZ17N
Metalsource QA/QC protocols are maintained by inserting licensed reference supplies (requirements), blanks, and duplicates throughout the pattern stream. The drill core is lower in half with a diamond noticed, one half is transported to the laboratory in a sealed bag, and the opposite half is saved on website. Custodian management is maintained from coaching to submission to the laboratory preparation facility.
Analytical testing was carried out by ALS Geochemistry (Reno, NV) and ALS Canada (Vancouver, British Columbia). Grind the complete pattern till 70% passes a 2mm mesh and grind the 250 gram aliquot till 85% passes minus 75 microns. 4-acid digestion is carried out on 0.25 g of pattern to quantitatively dissolve most geological supplies. The evaluation is carried out by combining ICP-AES and ICP-MS with hearth evaluation.
The corporate notes that visible identification of sulfide mineralization intervals doesn’t point out steel grade or financial significance. Core processing is ongoing with logging, sampling, and submission to laboratory evaluation.
The exploration outcomes described herein are preliminary in nature and will not be adequate to outline a mineral useful resource. Additional drilling is required to verify the continuity, geometry and grade distribution of the mineralization. As of this launch, evaluation outcomes are nonetheless pending and reported intervals are based mostly solely on geological logging.
The steel costs used to calculate AuEq are from the 200-day shifting common beginning February 6, 2026, and all values are expressed in USD. PAu= $124.5/g, PAg= $1.58/g, PCu= $4.9/lbs, PPb=$0.90/lbs, PZn=$1.11/lbs, 0.00220462262 = grams to kilos conversion issue, 22.0462262 = 1% kilos per metric ton of steel.
Certified individual
All scientific and technical info has been reviewed and accredited by Alex Bugden, BS, PhD, a Director of the Firm and a “Certified Individual” as outlined in NI 43-101 – Requirements for Disclosure of Mineral Initiatives.
silver hill undertaking
Positioned within the Carolina Terrane, the property is primarily lined by Neoproterozoic and Cambrian volcaniclastic and volcanic-sedimentary rocks. This landform has been recommended to be an extension of the Avalon landform. The property is positioned on 1,225 acres in Davidson County, North Carolina. As America’s first main discovery and first silver-producing mine, there’s an intensive borehole database, subsurface mapping, historic landfills, and subsurface chip samples that make up the historic dataset. This calcification is now identified to increase as much as 550 meters from the floor, forming a sequence of steep lenses that stay open in a number of instructions. In help of those historic data, latest floor sampling consists of outcomes together with SH25-003 containing 444 g/t Ag, 17.7 g/t Au, 8.61% Pb, and 0.507% Zn.
Fowl Pilot Mountain Mission
Positioned in central North Carolina, throughout the Carolina Terrane. Preliminary USGS research within the Eighties flagged the potential presence of porphyry gold-copper methods within the space, and subsequent research demonstrated in depth gold mineralization in soils, trenches, and shallow RC excavations, per robust self-potential anomalies. Geology exhibits intense alteration of quartz, sericite, and pyrite, proof of excessive sulfidation, and excessive alumina minerals (such because the Heil and Brewer deposits within the south), suggesting the potential of a large-scale ectothermal or porphyry-related gold system. Geological modeling exhibits that the recognized mineralization has an east-west pattern, is open in a number of instructions, and has recorded oxidation to a depth of 30 meters. No drilling has occurred to check the Meridian discovery zone since exercise within the Eighties, leaving the potential for vital useful resource growth by way of treaty work commitments.
About Steel Supply Mining Co., Ltd.
Metalsource Mining Inc. is a Canadian mineral exploration firm targeted on growing high-potential mineral property by way of state-of-the-art systematic exploration and value-driven discoveries.
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