Metallis Resources Inc. announced impressive silver and gold results from the Company's second field exploration program completed at the Company's Greyhound Property. The Greyhound Property is a high-grade silver/gold/antimony project within the historic Stibnite (antimony mineral) Mining Camp, located in central Idaho, USA. The Program included 129 soil samples, 61 geological mapping points and 44 rock samples, that have delivered multiple high-grade silver and gold assays further refining the mineralized zones.
These results will enable the Company to optimize the scheduled drilling planned for early 2025. Antimony assays are still pending and will be released once available. Key updates: A total of 44 rock samples were collected, with results up to 4590 g/t Ag and an impressive silver grade that averaged 504 g/t Ag across all samples.
Rem remarkable gold assays up to 18.15 g/t validate the underappreciated gold benefit at this historic silver mine. The Company recently attended the 2024 Idaho Mining Conference and engaged with drilling companies, social governance professionals, government officials and multiple technical experts to aid the advancement of the Greyhound project; and Soil sampling defined several large multi-element soil anomalies that envelope all of the promising prospects. Together with geological mapping and rock sampling has prioritized the Birdie, the Bulldog and the 1350' zone as the initial focus for drill targeting.
Two samples returned 5.0 and 7.3 g/t Au Eq and are located in the northern part of a newly established soil anomaly. At the Ridge Cut, two more grab samples from the spoils pile returned 1280 and 1740 g/t Ag respectively. Further work at the 1350' surface trench returned 2 grab samples of 5.5 and 8.6 g/t Au Eq.
Soil sampling results: Soil sampling during this program was focused on extending coverage and further defining known targets including the Birdie, Bulldog, and Akita. A total of 129 soils were collected across 8 selected lines taken perpendicular to the strike of the Greyhound Shear. Results demonstrated strong anomalies in silver, zinc, lead and gold.
A new extension to the Akita soil anomaly, 300 m east of the mapped Greyhound shear, further validates the strength of the mineralization around Akita (a new discovery this year) and demonstrates the potential of other parallel, underexplored shears. Zinc soil anomalies provide the best pathfinder element for identifying silver mineralization and highlight a 600 m long by 200 m wide anomaly around the Birdie and the 1350' zone. At the Akita, a 300 m long by 200 m wide zinc anomaly has been outlined and, at the Bulldog, the highest silver grade soil samples were returned.
