Metalsource Mining Extends Silver Hill Mineralization at Depth
News related to:Metalsource Mining Inc · 2 min read
Metalsource Mining Inc. has announced significant advancements in its ongoing exploration at the Silver Hill project in North Carolina. The company’s latest drilling results, from holes SH26-22 and SH26-23, have extended the high-grade mineralization at depth, providing valuable geological information for future expansion.
Hole SH26-22 returned 7.32 meters grading 261 grams per tonne of silver equivalent (AgEq), including 1.37 meters grading 930 grams per tonne AgEq from 245.67 meters. Hole SH26-23 yielded 12.31 meters grading 140 grams per tonne AgEq, with 1.86 meters grading 833 grams per tonne AgEq from 246.8 meters. These results continue to demonstrate the presence of high-grade mineralization at depth, within broader mineralized horizons.
Joe Cullen, CEO of Metalsource Mining, commented, "SH26-22 and SH26-23 give us continued confidence in the continuity of the Silver Hill mineralization at depth. Together with the alteration we're seeing farther south, we're building an increasingly coherent picture of how this system is organized and where it may continue."
The company is also stepping out from the known Silver Hill mineralization to test its continuation into previously untested ground. Ongoing drilling is currently exploring the Silver Hill system to the north and south, with plans to significantly increase the scale of these step-out programs. Additionally, the second drill will allow Metalsource to begin testing priority IP anomalies beyond the historic mine footprint, several of which exhibit geophysical characteristics similar to those associated with Silver Hill.
The exploration results from these holes provide additional evidence supporting the continuity of the Silver Hill mineralization at depth, with both holes returning higher grade intervals within broader mineralized horizons. These findings, combined with the alteration observed farther south, continue to strengthen the company's geological understanding as drilling expands beyond the historically mined area.
Metalsource Mining Inc. is focused on aggressively expanding the known mineralization and systematically testing high-confidence targets. The company is actively stepping out from the known system and preparing significantly larger step-out drilling programs to the north and south. At the same time, the second drill will allow the company to test priority IP anomalies beyond the historic mine footprint, several of which exhibit geophysical characteristics similar to the known mineralization.
The company’s strategy is to continue drilling along strike and at depth while incorporating new assays, alteration data, structural interpretation, and geophysics into the evolving geological model to guide subsequent drilling. With two drills, multiple assays pending, and a growing pipeline of targets, Metalsource Mining Inc. remains optimistic about the opportunity in front of it.
The Silver Hill project, located in the Carolina Terrane, is underlain by volcaniclastic and volcano-sedimentary rocks predominantly of Neoproterozoic and Cambrian age. The property is 1,300 acres in Davidson County, North Carolina, and is supported by an extensive historic dataset, including drillhole data, underground mapping, historic dumps, and underground chip samples. Current interpretations suggest this terrane is an extension of the Avalon Terrane.