GreenLight Metals Intersects 23.98 meters of 1.19% Copper and 1.60 g/t Gold (2.86% Copper Equivalent) at the Bend VMS Deposit in Wisconsin High-Grade Intercept in hole B25-006 Confirms Strengthening Mineralization Down-Plunge
GreenLight Metals Intersects 23.98 meters of
1.19% Copper and 1.60 g/t Gold (2.86% Copper
Equivalent) at the Bend VMS Deposit in
Wisconsin
High-Grade Intercept in hole B25-006 Confirms Strengthening
Mineralization Down-Plunge
Medford, Wisconsin--(Newsfile Corp. - November 3, 2025) - GreenLight Metals Inc. (TSXV: GRL)
("
GreenLight
" or the "
Company
") is pleased to announce additional high-grade Copper and Gold
results from its Phase 1 drilling program at the Bend Project in Wisconsin, further to its October 21, 2025
news release reporting results from holes B25-004 through B25-005. The six-hole diamond drilling
program, totaling 2,037 meters, was completed from three sites along two sections entirely on the
Company's leased forty-acre tract of private minerals.
Highlights
Phase 1 Program Complete:
Six-hole drilling program successfully completed on schedule,
targeting eastern extensions of the known Bend deposit. Drilling confirms mineralization extends
eastward along a ~36-42° plunge and remains open at depth and along trend.
B25-006:
Increase in thickness of mineralization
~65 meters down dip of previously released
hole B25-005 (19.32m of 2.95% CuEq)
43.67 meters (drilled thickness) averaging 1.06 g/t Au, 0.68% Cu, 6.12 g/t Ag and
109.74 g/t Tellurium (Te) (1.80% CuEq, not including Te) from 320.33m over a broad
mineralized zone encompassing the sulfide zone
Including 23.98 meters averaging 1.60 g/t Au, 1.19% Cu, 10.0 g/t Ag and 174.31 g/t Te
(2.86% CuEq) from 328.52m within the massive to semi-massive sulfide and
underlying auriferous footwall crystal tuff
Including 17.11m averaging 1.61 g/t Au, 1.64% Cu, 13.69 g/t Ag, and 232 g/t Te
(3.32% CuEq) from 328.52 within massive to semi-massive sulfides
Strategic Advantage:
Program executed entirely on private mineral lands with existing permits,
demonstrating GreenLight's ability to advance exploration efficiently while federal permit
applications remain pending
Matt Filgate, President & CEO, commented: "The completion of our Phase 1 program marks a
significant milestone for the Bend Project, with all six holes successfully intersecting mineralization and
confirming our geological model. The results from B25-006 are particularly encouraging-the intercept
shows both increased thickness and robust grades approximately 65 meters down-dip from B25-005,
continuing the pattern of strengthening mineralization we've observed throughout this program. The
consistency of these results, combined with the presence of high-grade copper and gold across multiple
holes, reinforces our confidence in the deposit's expansion potential. We're now moving swiftly to plan an
expanded winter drill program designed to further define the extent of this growing VMS system and test
priority targets both down-plunge and along strike."
Table 1: Summary of Significant Intercepts - Holes B25-006
DDH
From
To
Interval
Cu
Au
Ag
Te
Cu Eq
(m)
(m)
(m)
(%)
(g/t)
(g/t)
(g/t)
(%)
B25-006
320.33
364.00
43.67
0.68
1.06
6.12
109.74
1.80
Including
328.52
352.50
23.98
1.19
1.60
10.07
174.31
2.86
Including
328.52
345.63
17.11
1.64
1.61
13.69
232.18
3.32
The composite grades of select intervals are calculated on a length-weighted basis and are reported as drilled thicknesses. True thicknesses of the
intervals are estimated to be 70-75% of the drilled thickness.
CuEq is reported to express the aggregate in-situ value of copper, gold and silver as a percentage copper grade. CuEq incorporates assumed
metallurgical recoveries and is not a proxy for, nor evidence of, economic value. Tellurium (Te) is reported separately and is not included in CuEq.
CuEq (%) = ((Cu grade (%) / 100 * 0.9 (recovery) * 2204.6 * $4.50) + (Au grade (g/t) * 0.9 (recovery)
/ 31.1035 * $3,600) + (Ag grade (g/t) * 0.9
(recovery) / 31.1035 * $40)) / (2204.6 * 0.01 * $4.50)
Assumptions: metal prices of $4.50/lb Cu, $3,600/oz Au, $40/oz Ag; recoveries of 90% for Cu, Au and Ag based on the company's preliminary
assessment of analogous VMS deposits. No allowances have been made for smelting/refining charges, penalties or deleterious elements, or
payability factors. No metallurgical test work has been completed at Bend; actual recoveries and payabilities are unknown and may differ materially
Tellurium (Te) overlimit analyses for samples >500 g/t Te are currently pending for 1 sample in B25-006. The grade for the intercepts were calculated
using 500 g/t Te for these samples.
Figure 1: 2025 Drill Program Plan Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7506/273027_10dac69c84810a4a_001full.jpg
Figure 2: Long Section Looking North Showing Drillhole Pierce Points and Contoured
Thickness of Copper Zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7506/273027_greenlightmetals.jpg
Hole Details
Details for holes B25-001 through B25-005 were provided in the Company's September 22, 2025
and October 21, 2025 news releases.
B25-006: Collared from the same site as B25-005 to test 65m down dip vertically, the mineralized
horizon was intersected at 328.52m coring 17.11m of semi-massive to massive sulfides. Similar
to overlying holes, a 5.42m thick pyritic-rich footwall zone within the quartz-eye crystal tuff was
intersected from 345.63m to 351.05m.
Table 2: Drill Collar Information
Hole ID
Easting
(m)
Northing
(m)
Elevation
(masl)
Azimuth
Dip
Total
Depth (m)
B25-001
688514.058
5018602.251
412.855
344.0
48.0
279.81
B25-002
688512.840
5018601.978
413.468
342.0
58.0
307.24
B25-003
688490.294
5018569.989
412.868
344.0
55.5
276.61
B25-004
688491.065
5018570.208
412.871
344.7
65.0
368.20
B25-005
688533.987
5018560.256
415.502
345.0
59.0
376.43
B25-006
688534.039
5018560.161
416.008
344.0
67.0
428.85
*Coordinates in NAD83 UTM Zone 15N
About the Bend Project
The Bend VMS Project represents an advanced exploration opportunity. To date, over US$8 million has
been invested in the project, including 59 diamond drill holes totaling 23,849 meters. Historical drilling
highlights include 67.69 meters grading 1.01% Cu and 0.99 g/t Au, including 27.6 meters at 2.40% Cu
and 1.43 g/t Au.
Sample Preparation and QA/QC
Samples from the 2025 Bend drill program followed strict chain of custody from collection, through
processing and delivery to ALS Global's ("ALS") laboratory in Twin Falls, Idaho. The drill core was
delivered directly from the drill area to GreenLight's core facility in Medford, WI. The drill core was
inspected and sampled by GreenLight's geologists who insert Certified Reference Materials ("CRMS")
and Blank material into the sampling stream and make up 10% of the total samples submitted to ALS.
The drill core at the Bend project is drilled in NQ size (47.6mm) and is bifurcated by an electric masonry
saw and placed in sentry sample bags sealed with zip-ties. Samples are shipped by ground directly to
ALS via certified cartridge courier in rice bags secured on pallets. Samples are prepared using the ALS
method PREP-31y which includes drying (if necessary) in an oven at a maximum temperature of 60°C,
fine crushed of the sample to at least 70% passing less than 2mm and rotary split continuously through
crushing via a Boyd RSD crusher-splitter. A 250g split sub-samples is then pulverized to 85% passing
75µm. Gold is analyzed by fire assay and inductively coupled plasma mass spectrometer (ICP-MS) if a
25g aliquot sample. (ALS Method Au-ICP21), while multi-element chemistry is analyzed by four acid
digestion of a 0.25g pulverized sample split with detection by inductively coupled plasma mass
spectrometer (ICP-MS) for 48 elements (Ag, Al, As, Ba, Be, Bi, Ca, Cd. Ce. Co, Cr, Cs, Cu, Fe, Ga, Ge,
Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl, U, V,
W,Y, Zn, Zr)(ALS method core ME-MS61). Gold assay method Au-ICP21 has an upper detection limit of
100ppm. Any sample that produced an over-limit gold value from ICP-MS is then sent for a gravimetric
finish analysis. Samples that return copper assays greater than 1% Cu, the upper detection limit for ME-
MS61 is sent for an "ore grade" analysis, in this case ALS method code Cu-OG46, which is a 0.4g
aliquot pulverized sample with an ICP finish and an upper detection limit of 50% Cu.
Qualified Person Statement
The technical information in this news release has been prepared in accordance with Canadian
regulatory requirements as set out in NI 43-101 and reviewed and approved by Thomas Quigley, MSc,
CPG-11962, Exploration Director of the Company, a Qualified Person as defined by NI 43-101.
About GreenLight Metals Inc.
GreenLight Metals is a Wisconsin-focused exploration company advancing copper-gold and gold
projects across the Penokean Volcanic Belt-one of North America's most prospective VMS districts-and
the Kalium Canyon epithermal gold project in Nevada's Walker Lane. In Wisconsin, our portfolio includes
the Bend copper-gold deposit, the Reef high-grade gold project, and the Lobo and Lobo East massive
sulfide targets. Guided by a team with deep roots in the state, we are building a modern minerals
company for Wisconsin, by Wisconsin-committed to responsible exploration, transparent engagement,
and creating durable local opportunities as we help supply the critical metals that power the energy
transition.
For more information, please contact:
Matt Filgate President & CEO (778) 679-3579
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this news release.
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities laws, including statements regarding: the timing for receipt and reporting of assay results; the
interpretation of visual core observations; the potential significance of the mineralized intervals; the
planning, timing, scope and objectives of future work programs; the potential for tellurium to add value to
the project; the Company's ability to obtain and maintain required permits and approvals (including from
the U.S. Bureau of Land Management); and the advancement and potential of the Bend Project and the
Penokean Volcanic Belt. Forward-looking information is based on reasonable assumptions that
management believes are appropriate, including assumptions regarding lab turnaround times, the
Company's ability to execute planned programs in a safe and timely manner, availability of equipment
and personnel, access to properties, approval timelines, financing availability, and prevailing commodity
prices and market conditions.
Forward-looking information is inherently subject to known and unknown risks, uncertainties and other
factors that may cause actual results to differ materially from those expressed or implied, including,
without limitation: that visual estimates do not correlate with assay results; that assay results are delayed
or do not meet expectations; inaccuracies in geological models; changes in project parameters as plans
continue to be refined; cost escalations; availability of drill rigs, qualified contractors and supplies;
adverse weather or wildfire; operational, health, safety and environmental risks; title, access and
permitting risks (including delays or denials of federal, state or local approvals); stakeholder, community
or Indigenous engagement risks; regulatory changes; and fluctuations in commodity prices and currency
exchange rates. Additional risks are described under the Company's continuous disclosure filings
available on SEDAR+.
Although the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in the forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue
reliance on forward-looking information. The forward-looking information in this news release is provided
as of the date hereof, and the Company does not undertake any obligation to update such information
except as required by applicable law.
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https://www.newsfilecorp.com/release/273027