METALLIS REPORTS STRONG PROGRESS FROM MID-SEASON DRILLING AT GREYHOUND, IDAHO
MWN-AI** Summary
Metallis Resources Inc. (TSXV: MTS) has announced promising updates regarding its diamond drilling campaign at the Greyhound Property in central Idaho. As of October 9, 2025, the company has successfully drilled seven holes totaling 1,143 meters and is progressing towards the Birdie target. This drilling program marks the first testing of potential targets at the historically rich property, which is known for its polymetallic quartz-sulfide veins containing notable concentrations of silver, gold, and antimony.
The drilling efforts have revealed a significant high-grade silver-gold-antimony zone at the 1350' target, where three holes have confirmed robust mineralization over considerable lengths. Previous historical sampling in the area indicated promising grades, with drill holes intersecting strong sulfide mineralization, enhancing the project's attractiveness. At the Bulldog target, the drilling results confirmed semi-massive sulfide zones, expanding the known mineralized system's potential.
The Birdie target, where drilling is now underway, has also generated excitement, showcasing historical samples that suggest a gold-rich zone—previously underappreciated. Notably, surface samples from the area have reported exceptionally high silver and gold grades.
The Greyhound Property hosts historical workings that establish its mining pedigree and potential for future exploration. Given the strategic importance of antimony—especially in light of recent supply restrictions from China—the project’s outlook remains promising, bolstered by robust silver-gold fundamentals.
Metallis Resources, led by VP of Exploration Dave Dupre, expresses continued enthusiasm about the positive early results of the drill program and the potential for further discoveries. With an experienced team at the helm, Metallis is focused on leveraging the Greyhound’s significant exploration potential in the months to come.
MWN-AI** Analysis
Metallis Resources Inc. (TSXV: MTS), based in Vancouver, has provided significant updates from its 2025 diamond drilling campaign at the Greyhound Property in Idaho, USA. The initial results from the completed seven drill holes suggest promising exploration potential, particularly given the reconnaissance nature of this year’s drilling, which targets historically untested areas.
The drilling aims to exploit polymetallic quartz-sulfide veins that hold substantial quantities of silver, gold, and strategically important antimony. With rising concerns over antimony supply disruptions—especially from China—this resource is becoming increasingly valuable. The Greyhound Property’s established silver-gold fundamentals, combined with its antimony potential, positions Metallis favorably within the market landscape.
Drilling results, particularly from the 1350' and Bulldog targets, have yielded high-grade mineralization with significant intercepts of silver and gold. For example, results from the historic Lower Rufus adit showcase impressive grades of 1.85 g/t Au and 785 g/t Ag. This dual-metal focus, especially in a market that values diversified mining outputs, may enhance the property’s attractiveness to potential investors.
Investors should monitor further results from the ongoing drilling at the Birdie target, which has already shown high potential with surface samples revealing substantial gold and silver. Should these results continue to reflect significant mineralization, Metallis Resources could see increased investor confidence, likely translating into stock price appreciation.
In conclusion, considering the recent drilling outcomes and the strategic importance of antimony, Metallis presents a compelling case for investment in the mining sector. However, potential investors should remain cautious, acknowledging that mining risks do persist, and they should stay tuned for continued updates as the drilling program progresses.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
VANCOUVER, BC , Oct. 9, 2025 /CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) (the "Company" or "Metallis") is pleased to provide an update on its 2025 diamond drilling campaign (the "Program") at the Greyhound Property (the "Greyhound" or "Property") in central Idaho, USA . To date, seven drill holes have been completed, totaling 1,143 meters, with drilling now advancing to the final target area at Birdie (See Map 1). The Property hosts numerous historical workings and offers significant untapped exploration potential, with this year marking the first-ever drill testing of these targets.
The Greyhound is characterized by extensive shear zones that contain polymetallic quartz-sulfide veins hosting silver, gold, and antimony mineralization associated with sphalerite, galena, and stibnite. This multi-metal profile enhances the strategic importance of Property, as antimony contributes roughly 20% of the in-situ value alongside silver and gold. Following recent supply disruptions and export restrictions from China , antimony's role as a critical mineral has further underscored the potential value of the project. Importantly, the Greyhound can be advanced based on strong silver-gold fundamentals while retaining significant strategic supply potential from antimony.
Dave Dupre , VP of Exploration commented, "This year's drill program has delivered consistently encouraging results as the team works to complete as much as possible before the end of the season. To date, 1,143 metres have been drilled across seven holes targeting the Bulldog and the 1350' zones. The drill has now mobilized to the Birdie target where an additional four holes are planned. We are highly encouraged by what we have seen so far and are excited to be just starting exploration on the exciting Greyhound Property."
1350' Target
Drilling at the 1350' has expanded a high-grade silver-gold-antimony zone identified from historic mining. The drill holes targeted several zones near the Lower Rufus adit where historical channel sampling † along a 36.9 m length of this adit returned 1.85 g/t Au and 785 g/t Ag (10.6 g/t AuEq*). The 2025 drill plan involved intercepting the shear zone above and below the adit as well as the zone 70 m along strike to the south.
Three drill holes totalling 659.8 m from a single pad have intercepted strong sulphide mineralization over substantial lengths in each hole. Shear zones have varied from 7m to 25m (with unknown true width) and contained sulphides such as arsenopyrite, pyrite, galena, sphalerite and stibnite, all correlative to silver mineralization (See Image 1). The mineralized shear zone has now been traced over 100 m vertically and 70 meters horizontally. With 3 definitive intercepts, the team is now better able to constrain the morphology of the mineralized shear zone.
Bulldog target
At the Bulldog target, four holes totaling 483.6 metres were drilled from two pads centered on a 12 meter wide silver-gold-antimony shear zone where surface samples returned up to 4.9% Sb and 3,360 g/t Ag. Drilling has confirmed semi-massive sulphide zones hosted in quartz-sulphide veins containing pyrite, arsenopyrite, and trace sphalerite, galena, and stibnite.
Structural analysis revealed east-dipping geometries not previously identified, while post-mineral dykes in holes GH25-01 and GH25-04 (See Image 3) may have locally offset mineralization. Multiple mineralized veins were encountered across several holes, suggesting the system is more laterally extensive than initially interpreted.
Birdie Target
Four drill holes are planned at the Birdie target totaling approximately 500 m (See Image 5). The drill is currently collared at the Upper Birdie where two scissored drill holes are planned underneath the upper portal. Two more holes are planned off another pad, 50 m southeast at the lower Birdie (See Map 1). The Birdie target is located on a parallel trend to the main Greyhound shear. The results of drilling are expected to increase our understanding of parallel shear zones.
Significant gold and silver have been found at the Birdie target, where two trench cuts located 70 m apart as well as historic adits both revealed a sizeable shear zone with quartz sulfide veins of 1- 3 m total width. An 80 cm float rock from the Upper Birdie cut yielded 4,900 g/t Ag with other samples nearby returning up to 67.0 g/t AuEq*. A 50 cm quartz sulphide vein sampled from Lower Birdie cut returned 18.15 g/t Au. These findings emphasize the Birdie as a gold rich zone and highlight the exceptional gold values that were historically overlooked.
About the Greyhound Property
In February 2024 , the Company optioned the Property which is located in Custer County, Idaho , approximately 42 km northwest of the town of Stanley and 35 km south of Perpetua Resources' Stibnite Mine. The Property was the center of an active silver mining camp in the early 1900's and at one point contained a smelter and two active mines situated along the 3.5 km Greyhound shear.
The Greyhound targets are hosted by prominent shear zones with polymetallic quartz - sulphide veins containing elevated concentrations of gold, silver, antimony (a critical mineral), lead and zinc. They are comparable to numerous mines in North Idaho's Silver Valley along Interstate 90. This famous district is one of the most prolific silver districts in the world. The total quantities produced are impressive: over a billion ounces of silver, 3 million tons of zinc, and 8 million tons of lead totaling over $6 billion in value, ranking the Silver Valley among the top ten mining districts in world history.
Qualified Person
David Dupre , P.Geo, Vice President - Exploration and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the technical information contained in this release.
† The grades of the Greyhound 1350' zone are historical and can therefore not be verified by Metallis although there is no reason to believe they are inaccurate.
* Gold and Silver equivalent values are derived from the following prices in USD; Au $2,500 per ounce, Ag $28 per once, Pb $0.90 per pound, Zn $1.20 per pound, Sb $12.00 per pound
About Metallis
Metallis Resources Inc. is a Vancouver -based company focused on the exploration for gold, copper and silver on its 100%-owned Kirkham Property in Canada , situated in northwest British Columbia's Golden Triangle, and on the Greyhound Property, a gold/silver/antimony target in Idaho, USA .
Metallis trades under the symbols MTS on the TSX Venture Exchange, MTLFF on the OTCQB Exchange, and 0CVM on the Frankfurt Stock Exchange, and has 84,680,003 common shares outstanding.
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President, and Director
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may," "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements because of numerous factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities' regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at www.sedarplus.ca . Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected.
Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated, or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX-V Stock Exchange has neither approved nor disapproved the contents of this news release.
SOURCE Metallis Resources Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2025/09/c8406.html
FAQ**
How does Metallis Resources Inc. MTS:CC plan to leverage the significant untapped exploration potential at the Greyhound Property following the promising results from mid-season drilling?
What specific measures is Metallis Resources Inc. MTS:CC taking to address supply disruptions and export restrictions from China that affect antimony, which is a critical mineral highlighted in the recent drilling update?
Could you elaborate on the implications of the newly identified east-dipping geometries and semi-massive sulphide zones at the Bulldog target for Metallis Resources Inc. MTS:CC's overall mineralization model for the Greyhound Property?
With the current drilling at the Birdie target expected to provide insights into parallel shear zones, how does Metallis Resources Inc. MTS:CC foresee this impacting their future exploration and valuation of the Greyhound Property?
**MWN-AI FAQ is based on asking OpenAI questions about Metallis Resources Inc. (TSXVC: MTS:CC).
NASDAQ: MTS:CC
MTS:CC Trading
2.22% G/L:
$0.23 Last:
43,001 Volume:
$0.225 Open:
