Metallis Resources Inc. announced the over-limit antimony assays from the Company's second field exploration program at the Greyhound Property. The Property is a high-grade silver/gold/antimony project within the historic Stibnite (antimony mineral) Mining Camp, located in central Idaho, USA. This has been exemplified recently with an agreement between Perpetua Resources and Sunshine Silver to explore the feasibility of utilizing Sunshine Silver's permitted antimony plant in Idaho to process concentrates from Perpetua's nearby Stibnite Gold Deposit.
At the Property, a total of 44 rock samples and 129 soil samples were collected during the Program with multiple high-grade antimony results being returned. These assays compliment the previously released silver, gold, lead, and zinc assays. Results from this year's inaugural field programs have produced high-grade assays from the Bulldog target and the 1350' zone, confirming the extent and quality of mineralization and highlighting its potential as a rich source of antimony.
Combining these results with the promising historic concentrate results and other exploration opportunities at zones like Akita and Ridge Cut, this initial work supports advancing these targets to drill testing and unlocking this property's full potential. During the phase-one exploration program, a chip sample was taken across this vein and returned 353 g/t Ag and 0.61% Sb over 3 m. When combining the adjacent mineralization, this vein provides a very strong untested drill target to test for high-grade antimony along with silver, gold, lead and zinc. At the Akita zone, further rock and soil sampling has identified high-grade antimony stretching northeast of the previously known mineralization. At the south edge of this zone, two grab samples taken from Ridge Cut spoils pile returned 2.59% and 1.37% Sb.
When combined with high-grade samples taken during the previous program, the Ridge Cut demonstrates a very rich antimony zone along the Greyhound Shear. Further exploration is necessary at this underexplored zone as there is minimal historic work completed in this area. The 2024 results are very similar to the concentrate head grades previously analyzed by the Asarco Smelter in 1988 and provide a cross check of historic data and validate the high-grade nature of the Greyhound mineralization.
Metallis's exploration discussion will be expanded upon in an upcoming new release.
