Metallis Completes Successful Inaugural Drill Campaign at Greyhound, Idaho
METALLIS COMPLETES SUCCESSFUL
INAUGURAL DRILL CAMPAIGN AT
GREYHOUND, IDAHO
VANCOUVER, BC
,
Nov. 6, 2025
/CNW/ - Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF)
("Metallis" or the "Company") announces the completion of its 2025 diamond drilling program (the
"Program") at the Greyhound Property ("Greyhound" or the "Property") in central
Idaho, USA
. The
Program consisted of eleven diamond drill holes (See Table 1) totaling 1,605 meters ("m"), targeting
three previously identified prospects: Bulldog, 1350 and Birdie (See Map 1). This was the first drill
campaign ever conducted on the Property. The Company reports drilling intersected zones of quartz-
sulphide veining with visible mineralization. All samples have been submitted for analysis, with results
now being received. Following analysis and interpretation, initial results are expected to be released
in the coming weeks.
Dave Dupre
(Metallis V.P. Exploration) commented, "Greyhound's first drill program has been a
major success, delivering a meaningful improvement in our understanding of the mineralized
structures across all three tested targets. The visual results are encouraging, particularly the
continuity of the shear zones and the presence of polymetallic sulphides. We look forward to
receiving all the assay data which will allow us to quantify these observations and refine our
exploration model. These results will be key in guiding our geological team as we plan future drill
campaigns at Greyhound."
Plan Map 1 - Showing Location of 2025 Drill Holes. (CNW Group/Metallis Resources Inc.)
Bulldog target
At the Bulldog target, four holes totaling
484 m
were drilled from two pads centered on a 12-meter-
wide silver-gold-antimony shear zone where surface samples previously returned up to 4.9% Sb and
3,360 g/t Ag in grab samples (Metallis News Release,
October 30, 2025
). Drilling encountered semi-
massive sulphides hosted in quartz-sulphide veins containing pyrite, arsenopyrite, and trace
sphalerite, galena, and stibnite. Drill cuttings were also sampled at this location and will be
interpreted in conjunction with the drill core assays.
1350' Target
Three drill holes totaling
660 m
have yielded compelling results, revealing significant
sulphide
mineralization
across substantial lengths in each hole. Specifically, our drill holes
strategically
targeted several zones near the Lower Rufus
adit
, where historical channel sampling
*
revealed
impressive results along a 36.9-meter length, returning 1.85 g/t Au and an astonishing 785 g/t Ag*
(
Metallis
News Release,
October 30, 2025
). Encouragingly, our mineralized shear zone has now
been traced over
60 m
vertically and
70 m
horizontally. With three definitive intercepts, we are
gaining a clearer understanding of the morphology of this promising mineralized shear zone.
Table 1 - Drilling table Greyhound Property 2025 (CNW Group/Metallis Resources Inc.)
Birdie Target
Four drill holes were completed at the Birdie target totaling approximately
462 m
. Two scissored drill
holes were drilled underneath the Upper Birdie portal. Two more holes were drilled off another pad,
50 m
southeast of the Lower Birdie. Notably, two trench cuts spaced
70 m
apart, along with historic
adits, have highlighted a substantial shear zone featuring quartz sulfide veins measuring
1m
to
3 m
in
total width.
Analytical Techniques
Core samples taken for assay are halved with a diamond saw with one half being sent to ALS Labs
(a laboratory independent from the Company) and the other half being retained on site for future
reference. All the samples are analyzed using the ME-MS61 methodology (Four acid Super Trace
Analysis). In addition, all samples are fire assayed (ME-GRA21) with 30-gram sample and a
gravimetric finish. Known standards and blanks are inserted into the stream of samples on a regular
basis. Additionally, all cores are photographed with a high-resolution camera for future viewing.
Assay results are expected throughout November and
December 2025
and will be reported as they
are received, interpreted, and verified that QA/QC has been met.
Acknowledgements
Metallis would like to sincerely thank its exploration team and all contractors (See Image 1) involved
in the successful execution of the 2025 Greyhound drill program. With their professionalism,
expertise, and dedication, the Company was able to complete the first-ever drill campaign at
Greyhound safely, on time, and within budget. In particular, we acknowledge the contributions of
Foraco Drilling, Brian Brewer Exploration, and the many subcontractors and individuals who worked
tirelessly to support field operations throughout the season. Their collective efforts were essential in
delivering a smooth and efficient program.
Image 1 - Metallis Resources and some of their key contractors on the final day at camp (CNW
Group/Metallis Resources Inc.)
About Greyhound Property
I n
February 2024
, the Company optioned the Property which is 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
. 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, ranking the
Silver Valley
among the top ten mining districts in world history (Bennett, E.H., 2006).
References
Bennett, E.H., 2006. The fabulous Coeur d'Alene district: Presentation for
North Idaho
Chamber of
Commerce Legislative Tour,
November 2006
,
Post Falls, Idaho
).
*
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.
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.
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 85,380,003 common shares issued
and outstanding.
On behalf of the Board of Directors:
/s/ "Fiore Aliperti"
Chief Executive Officer, President, and Director
Web:
www.metallisresources.com
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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
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news release.
SOURCE
Metallis Resources Inc.
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For further information:
For further information contact Mr. Aliperti at: Tel: 604-688-5077, Email:
CO: Metallis Resources Inc.
CNW 08:00e 06-NOV-25