Metallis Secures Drilling Contract FOR Maiden Program at Greyhound Property, Idaho
METALLIS SECURES DRILLING CONTRACT
FOR MAIDEN PROGRAM AT GREYHOUND
PROPERTY, IDAHO
VANCOUVER, BC
,
July 15, 2025
/CNW/ -
Metallis Resources Inc.
(TSXV: MTS) (OTCQB:
MTLFF) (the "Company" or "Metallis") is pleased to announce it has signed a drilling contract with
Foraco Drilling Ltd., a leading global drilling services provider, to carry out the upcoming inaugural
drill program (the "Program") at the Company's optioned Greyhound Property, located in the historic
Stibnite Mining District of central
Idaho, USA
. The Company has filed the required Notice of Mining
Exploration Activity with respect to the patented claims, allowing the Program to begin in August.
The Program is designed to test high-grade silver-gold-antimony targets (Metallis Resources news
release –
May 21, 2025
) within a 3.5 km-long mineralized shear zone. The area hosts several
historic mining adits but has never been drill tested using modern exploration methods.
Metallis CEO,
Fiore Aliperti
, commented: "Today marks a significant milestone for Metallis.
Meticulous planning and preparation took a number of months, and now we're ready to drill test this
very exciting precious metals and critical minerals target. The Greyhound Property sits in the heart
of
Idaho's
historic Stibnite Mining District, both the historical results and our surface exploration to
date has already delivered exceptional results, the geo-political support has never been stronger,
and it's the Property's maiden drilling campaign." He went on to add "With Foraco's proven expertise
and our permits now secured, we're positioned to unlock significant value for our shareholders. This
inaugural drill program represents a key milestone within our strategic vision of advancing high-
quality assets in mining-friendly jurisdictions with strong commodity fundamentals. The timing couldn't
be better, with silver and gold at record highs along with growing recognition of antimony as a critical
mineral essential for certain defense technologies, metals manufacturing and in the semiconductor
industry."
Key Highlights:
Drill contract signed with Foraco Drilling, a globally recognized drilling contractor;
Approximately
2,000 m
planned drill program to test a robust structural corridor with confirmed
high-grade mineralization at surface and underground;
Program targets 3.5 km-long mineralized shear zone with multiple historic mining adits; and
First-ever drilling campaign on the Property.
About Foraco
Foraco International SA (TSX: FAR) is one of the world's largest global drilling service providers,
offering high-quality drilling solutions to the mining and water industries across five continents. With a
strong commitment to safety, innovation, and environmental stewardship, Foraco delivers a wide
range of drilling services including core, reverse circulation, and directional drilling to some of the
most challenging and remote exploration projects worldwide.
About the Greyhound Property
I n
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 Au, Ag, Sb, Pb and Zn. 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.
About Metallis
Metallis Resources Inc. is a
Vancouver
-based company focused on the exploration for gold, copper
and silver on its flagship 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.
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For further information:
For further information: Tel: 604-688-5077, Email:
[email protected], Web: www.metallisresources.com
CO: Metallis Resources Inc.
CNW 08:00e 15-JUL-25