Metal Energy Corp. has mobilized a second diamond drill rig to its NIV copper-gold project in British Columbia’s Toodoggone District, doubling drilling capacity for the remaining four weeks of the 2026 field season.

The company has completed six holes totalling approximately 4,200 metres toward its planned 6,000-metre program, keeping operations on schedule. The additional rig will accelerate follow-up drilling on the project's most promising holes and targets while fully testing the five-kilometre strike length of the NIV system.

The 2026 exploration campaign represents the first-ever drill program conducted across the property since its staking in 2010. Major mining companies Centerra Gold Inc. and Teck Resources Limited each maintain a 9.9% strategic equity interest in Metal Energy, supporting the company's treasury.

“The second rig lets us follow up on our best holes, more fully test the impressive 5 km length of the NIV system, and put as many metres into the ground as possible this season,” said Charlie Greig, CEO of Metal Energy. “It will also allow for a more thorough drill test and set Metal Energy up well for an expanded program at NIV in 2027.”

— Charlie Greig, CEO

Metal Energy has approximately four weeks remaining in the 2026 drill season to complete its planned 6,000-metre program, with the added rig providing flexibility to increase total meterage and position the company for an expanded program in 2027. Assay results will be released as they are received, reviewed, compiled and interpreted.

Read the full announcement: Metal Energy Mobilizes Second Drill Rig to Accelerate Drilling at Its NIV Copper-Gold Project