Metallis Commences Drilling at Greyhound, Idaho
METALLIS COMMENCES DRILLING AT
GREYHOUND, IDAHO
VANCOUVER, BC
,
Aug. 22, 2025
/CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF)
Metallis Resources Inc. (the "Company" or "Metallis") is pleased to announce the commencement of
its inaugural drill program (the "Program") at the Greyhound Property, located in the historic Stibnite
Mining District of central
Idaho
. This first-ever drilling campaign will test high-grade silver, gold and
antimony targets within a 3.5 km-long mineralized shear zone.
Fiore Aliperti
, CEO of Metallis, commented, "Launching our inaugural drill program at Greyhound
marks a milestone moment for Metallis and for this historic property. For the first time, we are drill
testing a richly mineralized shear zone that has intrigued prospectors for over a century but has
never truly been explored with modern techniques. The combination of encouraging historical work,
our detailed groundwork, and the presence of multiple high-grade showings make the Greyhound a
highly compelling opportunity. With Foraco Drilling as our partner, our team is excited to begin
revealing the true potential of this underexplored property. We believe the results from this inaugural
program will provide the foundation for significant value creation for our shareholders."
Key Highlights
Drill program has been contracted to Foraco Drilling Ltd., a leading global drilling services
provider;
Up to
2,000 m
of diamond drilling is planned for the inaugural campaign;
The Program has been designed to test three high-priority targets along the 3.5 km mineralized
shear zone; and
This is the first systematic drill testing to ever be done at Greyhound, a historically significant
but underexplored property.
About the Program
The 2025 Program will consist of approximately 2,000 metres of diamond drilling across three high-
priority areas (
See News Release,
May 21, 2025
). Drilling will test the 1350' Target, where channel
sampling along a 36.9 m length of the Lower Rufus Adit returned 1.85 g/t Au and 785 g/t Ag
†
which warrants modern exploration; the Bulldog Target, a broad shear zone with multiple quartz-
sulfide veins and existing road access; and the Birdie Target, a parallel shear trend with adits and
trenches that point to additional mineralized potential.
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 gold, silver, antimony (a critical mineral), lead and zinc.
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.
†
The reader is cautioned that these measurements and metal grades are derived from historical
reports and Metallis has not independently confirmed the results. See Metallis news release dated
May 14, 2024
for more details.
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 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 22-AUG-25