Metallis Completes Geophysical Survey at Greyhound, Idaho
METALLIS COMPLETES GEOPHYSICAL
SURVEY AT GREYHOUND, IDAHO
VANCOUVER, BC
,
Aug. 14, 2025
/CNW/ - Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF)
Metallis Resources Inc. (the "Company" or "Metallis") is pleased to announce the completion of a
high-resolution drone magnetic survey at its optioned Greyhound Property (the "Property"), located
in central
Idaho
. This marks the first geophysical program ever undertaken at the Property and is a
major step forward in preparation for the upcoming drill program.
The 298 line-kilometer survey was completed by Pioneer Exploration Consultants Ltd., a leading
provider of UAV-based geophysics. Interpretation was conducted by consulting geophysicist
Jules
Lajoie
, who identified key structural features and magnetic contrasts that will help refine priority drill
targets in future programs.
Fiore Aliperti
, Metallis' President and CEO, commented, "The completion of our first geophysical
survey at Greyhound represents a significant step in advancing the project toward its inaugural drill
program. The drone magnetic data has provided valuable insight into the structural framework of the
property, including the continuity of the Greyhound shear beneath overburden, the identification of
multiple parallel shears, and a magnetic anomaly coinciding with the high-grade 1350' shoot. This
information is being integrated with our geological and geochemical datasets to refine and prioritize
drill targets. With field preparations underway, we are positioned to begin testing these targets for
the first time in the property's history."
Survey Results:
New magnetic data outlines the Greyhound shear in areas of overburden and identifies multiple
parallel shears to be investigated during the upcoming program;
Significantly, a notable magnetic anomaly coincides with the high-grade 1350 shoot in the Lower
Rufus adit (See news release dated
May 21, 2025
);
A newly identified north-south linear fabric in the data appears to demonstrate controls
on mineralization where it intersects the Greyhound shear;
Breaks in linear magnetic features have been identified as possible faults and areas of
increased fluid flow. Where they overlap with soil anomalies, they represent prospective future
targets; and
Correlation of the magnetic data with the geological model has helped distinguish multiple dykes
and geological features that will aid in drill-hole planning.
Next Steps
The geophysical data will play a key role in refining and ranking drill targets along the 3.5 km-long
shear zone, which we expect to drill later this month. Interpretation and integration with multiple
geochemical and structural datasets will help refine drill collar locations. Additionally, follow up soil
sampling and geological mapping will be prioritized in areas where magnetic data demonstrates
structural and mineralized characteristics.
Drilling is set to begin mid-August with
2,000 m
planned across 6 to 8 drill pad locations. A camp is
currently being built on site and final preparations are being made for the first ever drill testing on this
advanced project.
2025 Drone Magnetic Survey Results (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 gold, silver, antimony, 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.
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
Web:
www.metallisresources.com
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. Should one or more of these risks or uncertainties materialize, or
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or expected.
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SOURCE
Metallis Resources Inc.
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CO: Metallis Resources Inc.
CNW 08:00e 14-AUG-25