Metalsource Mining Inc. has returned high-grade polymetallic assay results from deep drilling at the Silver Hill project in Davidson County, North Carolina, highlighted by hole SH26-22 intersecting 7.32 metres grading 261 g/t silver equivalent, including 1.37 metres grading 930 g/t silver equivalent from 245.67 metres downhole.

Hole SH26-23 returned 12.31 metres grading 140 g/t silver equivalent, including a 1.86-metre interval grading 833 g/t silver equivalent from 246.80 metres. Both holes demonstrate continued mineralization at depth with reliable widths and high grades within broader mineralized horizons. In parallel, hole SH26-25 tested the developing structural model and alteration assemblages west of SH26-27, observing strong quartz-sericite-pyrite and albite alteration in hanging wall stratigraphy above the interpreted deep extension of the system.

"SH26-22 and SH26-23 give us continued confidence in the continuity of the Silver Hill mineralization at depth. Together with the alteration we're seeing farther south, we're building an increasingly coherent picture of how this system is organized and where it may continue."

"We're actively stepping out from the known system today, but what excites us most is where we're preparing to take the program next. We intend to significantly increase the scale of our step out drilling to the north and south, while our second drill gives us the capacity to begin testing completely untested IP anomalies beyond the historic mine footprint, several of which exhibit geophysical characteristics similar to Silver Hill proper."

— Joe Cullen, CEO of Metalsource Mining

The property was originally developed as a historic silver-producing mine dating back to 1839 and covers 1,300 acres. Metalsource is currently advancing the asset toward an inaugural mineral resource estimate targeted for early 2027.

The ongoing exploration program is utilizing a second diamond drill rig to test priority induced polarization anomalies beyond the historic mine footprint, while larger step-out drilling is planned to the north and south to test broader strike potential. Assay results remain pending from several completed drill holes, including SH26-12 through SH26-14 and SH26-24 through SH26-32.

The stock is currently trading at $0.89, up 3.49% on September 16, 2026.

Read the full announcement: Metalsource Mining Extends High Grade Mineralization at Depth as Silver Hill Exploration Enters Major Expansion Phase