Metal Energy Planning 2026 Drilling on Its NIV Project, Toodoggone District, North-Central British Columbia
Metal Energy Planning 2026 Drilling on Its NIV
Project, Toodoggone District, North-Central
British Columbia
Highlights:
NIV's initial drill program scheduled to begin in June.
First phase between 4,000 and 8,000 metres of drilling.
Multiple deposit-scale target areas outlined.
Fully funded for 2026 with approximately $10 million cash.
Centerra Gold and Teck Resources each own 9.9% of Metal Energy.
Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - Metal Energy Corp. (TSXV: MERG) (OTCQB:
MEEEF) (the "
Company
" or "
Metal
Energy
") is pleased to provide the following update on its 2026
exploration program at its fully permitted NIV copper-gold-molybdenum project ("NIV" or the "Project")
located in the Toodoggone District, British Columbia.
NIV Background
NIV covers 12,500 hectares of highly prospective ground, across two claim blocks, NIV and West NIV,
within the prolific Toodoggone District of north-central British Columbia, approximately 32km south of
Centerra Gold's Kemess mine complex. The Project is largely underlain by the same Triassic-Jurassic
geology that hosts nearby copper-gold porphyry deposits, including those held by Centerra, by Amarc
Resources, and by TDG Gold.
The NIV property displays strongly anomalous soil geochemistry (>100
ppm copper, >75 ppb gold, >4 ppm molybdenum) over broad areas along a five kilometre long trend that
are coincident with similarly strongly anomalous geophysical responses (IP (Induced Polarization)
chargeability and resistivity, airborne MT (Magnetotellurics) which stretch to depths of several hundreds
of metres or more. Such coincident anomalies are suggestive of the potential for a large scale porphyry
copper-gold system at depth, with scale to accommodate multiple porphyry centers.
Neither the NIV nor
West NIV property has been drill-tested previously.
Initial Drill Program Set for June
The initial drill program in planning for the NIV property will be designed to test multiple porphyry Cu-Au-
Mo targets along the length of the NIV property's 5 km long trend of coincident geochemical and
geophysical anomalies. Each target will be tested by multiple drill holes. The initial drilling will likely
consist of a total of between 4,000 and 8,000 metres.
CLICK HERE to View NIV Target Areas
Final drill site selection will be informed by ongoing compilation and interpretation of all geological,
geochemical and geophysical data. Geological ground-truthing and possible additional geophysics
(ground AMT surveys; completion of the West NIV airborne geophysical survey) may be conducted to
further refine drill sites concurrent with initiation of the drill program.
Metal Energy intends to mobilize drill crews in June 2026, with contractors engaged and logistical
planning well underway.
Fully Capitalized and Backed by Majors
The Company enters 2026 fully capitalized, with approximately $10 million in cash, and with the backing
of two major mining companies, Centerra Gold ("Centerra") and Teck Resources ("Teck") (refer to
December 17, 2025 news release
). Centerra and Teck each hold 9.9% of Metal Energy's issued and
outstanding common shares, and represent the technical and commercial validation of NIV's
prospectivity--these investments were made without a single drill hole having been cored at NIV.
About Metal Energy
Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) is a critical metals exploration company focused
on copper and gold assets in Canada.
CLICK HERE to Watch Technical Webinar on NIV
CLICK HERE to View NIV Technical Presentation
Metal Energy's portfolio now includes three high-potential projects:
NIV Project
(Cu-Au-Mo) - Toodoggone District, British Columbia
Highland Valley Project
(Cu-Mo-Ag-Au-Re) - British Columbia
Manibridge Project
(Ni-Cu-Co-PGE) - Manitoba
CLICK HERE
to Visit Projects Page
QP Statement
The technical information in this release has been reviewed and approved by Roy Greig, Ph.D., P.Geo.,
an independent Qualified Person as defined by National Instrument 43-101.
For further information, please contact us via email or through our website (see below), or visit us in
Toronto at the Metals Investor Forum prior to PDAC:
Metal Energy Corp.
MERG on the TSXV
www.metalenergy.ca
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or information
("forward-looking statements"), including details about the business of Metal Energy. All statements in
this news release, other than statements of historical fact, that address events or developments that
Metal Energy expects to occur are forward-looking statements, including, but not limited to, final TSXV
approval, the use of proceeds from the Offering, and future exploration plans and timelines. By their
nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are
beyond Metal Energy's control, including the impact of general economic conditions, industry conditions,
volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition
from other industry participants, and stock market volatility. Although the Company believes that the
expectations reflected in its forward-looking statements are reasonable, such statements are based on
factors and assumptions concerning future events which may prove to be inaccurate.
Such statements are subject to known and unknown risks, uncertainties and other factors that could
influence actual results or events and cause actual results or events to differ materially from those stated,
anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place
undue reliance on forward-looking statements, as no assurance can be provided as to future results,
levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could
affect actual results are discussed in Metal Energy's public disclosure documents available at
www.sedarplus.ca
. Furthermore, the forward-looking statements contained in this document are made
as of the date of this document and, except as required by applicable law, Metal Energy does not
undertake any obligation to publicly update or revise any of the forward-looking statements, whether as a
result of new information, future events or otherwise. The forward-looking statements contained in this
document are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange Inc. 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
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/285436