Metallis Kicks Off 2025 Exploration Season at Greyhound Property, Idaho
METALLIS KICKS OFF 2025 EXPLORATION
SEASON AT GREYHOUND PROPERTY, IDAHO
VANCOUVER, BC
,
July 8, 2025
/CNW/ -
Metallis Resources Inc.
(TSX-V: MTS) (OTCQB:
MTLFF) (the "Company" or "Metallis") is pleased to announce the commencement of the company's
2025 exploration program with the first ever geophysical survey at its Greyhound Property (the
"Property") in central
Idaho
. The high-resolution drone magnetic survey (the "Survey") will identify
and refine targets in advance of the Company's planned summer 2025 drill program. A total of 298
line-kilometres will be flown over the entire property with the resulting data expected to further
delineate structural controls associated with known mineralization. The Property hosts multiple high-
grade silver-gold-antimony prospects within the historic Stibnite Mining District, a prolific region in
Idaho
known for antimony production. Mineralization at Greyhound is associated with a 3.5 km-long
shear zone featuring multiple historic adits and which remains untested by modern drilling or
geophysics.
Dave Dupre
, VP of Exploration for Metallis, commented "We're very excited to kick off the 2025
exploration season with the first ever geophysical survey at the historic Greyhound Property. Building
on 125 years of previous prospecting and historic mining, this marks a major milestone in advancing
the Property through the application of modern exploration techniques. With three priority drill targets
already outlined and several other zones under evaluation, the survey will help us better understand
the structural architecture that controls the mineralization. This work will both significantly expand our
knowledge across untested parts of the Property and aid in refining the existing drill targets." Dupre
added "With antimony prices remaining highly elevated and precious metals hovering near all-time
highs, the timing is ideal to aggressively advance this highly prospective asset."
About the Survey
The drone magnetic survey is being conducted by Pioneer Exploration Consultants Ltd., a global
leader in UAV-based geophysical services. The survey, totaling 298 line-km, will consist of high-
resolution magnetic data collected at
25 m
line spacing flown perpendicular to the known mineralized
shear zone (See map below). Results from recently completed rock geophysical testing
demonstrates that the mineralized material displays anomalous magnetic susceptibility values helping
distinguish different rock types and mineralized zones (See Metallis News Release dated
February
13, 2025
). Key objectives of the Survey include:
Identifying cross-cutting structures or faults
that may host new high-grade shoots and
support future drill targeting;
Tracing the Greyhound shear zone
beneath overburden to identify magnetically destructive
alteration patterns associated with mineralization;
Exploring previously untested terrain
for parallel shear zones, similar to those observed at
the Birdie and Akita showings.
The results will also be used to guide any future Induced Polarization surveys along with a drill
program planned for summer 2025.
PLANNED DRONE MAGNETIC SURVEY LINES ON GREYHOUND PROPERTY (CNW
Group/Metallis Resources Inc.)
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 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 08-JUL-25