MetalsTech Limited provided stakeholders with an update on its Phase II diamond drilling program at the company's 100% owned Sturec Gold Mine, located in Slovakia. Drilling from drill chamber III was finalized in July and drilling from drill chamber IV commenced during mid August 2022. The drilling from drill chamber III was designed mainly to increase the confidence of the southern extent of the existing sturec mineral resource at depth.

UGA-43 intersected a thick, continuous mineralized zone of 157.65m @ 1.14g/t Au and 9.1g/t Ag from 0m (0.25g/t Au cut-off, downhole thickness) including: 4m @ 3.67g/t Au & 22.3g/t Ag from 12m (1g/t cut-off, downhole thickness); and 12m @ 2.26g/t Au & 13.5g/t from 40m (1g/t cut-off, downhole thickness); and 7m @ 1.50g/t Au & 25.1g/t Ag from 112m (0.5g/t Au cut-off, downhole thickness); and 7.65m@ 5.83g/t Au & 18.8g/t from 150m (1g/t Au cut-off, downhole thickness); UGA-44 intersected a thick, continuous mineralized zone of 106m @ 0.99g/t Au from 0m (0.25g/t Au cut-off, downhole thickness) including: 23m @ 2.53g/t Au & 20.3g/t Ag from 5m (1g/t Au cut-off, downhole thickness); and 7m @ 1.58g/t Au & 27.3g/t Ag from 87m (1g/t Au cut-off, downhole thickness).