Metalsource Mining Inc. has intersected high-grade polymetallic mineralization at the Silver Hill project in Davidson County, North Carolina, with hole SH26-20 returning 9.57 metres grading 364 g/t silver equivalent, including 2.26 metres grading 913 g/t silver equivalent.

The ongoing drill program at the property—originally developed as a historic silver-producing mine dating back to 1839—has continued to test down-plunge extensions of the system. Hole SH26-21, drilled as a down-dip step-out below SH26-20, returned 15.3 metres grading 207 g/t silver equivalent, including 2.4 metres grading 515 g/t silver equivalent. This intercept extends drilling to approximately 335 metres below surface and encountered wider sections of the mineralized horizon.

Hole SH26-20 was designed to follow up on hole SH26-19 to characterize lost material. It returned composite values of up to 8.4 g/t gold, 47.9 g/t silver, and 14.7% combined lead-zinc. Metalsource stated that these results demonstrate local variability in grade along strike and down dip can be significant, while hole SH26-21's elevated silver alongside higher lead supports the interpretation that galena is argentiferous within the deposit.

"SH26-20 and SH26-21 reinforce something we've suspected for a while. Gold, silver, lead and zinc at Silver Hill aren't randomly distributed. We're beginning to see patterns that can help us vector toward the higher-grade portions of the system. That's a meaningful shift from finding mineralization to understanding it.

Importantly, the mineralized system also appears to be strengthening at depth, with SH26-21 returning a wider mineralized intercept as we continue stepping out down plunge. Our focus now is to aggressively expand the known mineralized footprint and target extensions of the exceptional high-grade mineralization, while our expanded drilling program begins testing entirely new targets beyond the historic mine footprint." — Joe Cullen, CEO of Metalsource Mining

The company noted that exploration results remain preliminary in nature and are insufficient to define a mineral resource. Metalsource is advancing the Silver Hill Project toward an inaugural mineral resource estimate targeted for early 2027.

Assay results remain pending from several completed drill holes across the project. In addition to following up on extensions of known mineralization, the company's expanded drilling program will test new priority discovery targets identified by recent induced polarization surveys.

Separately, the company granted 450,000 restricted share units to consultants and officers, subject to vesting schedules ranging from three months to one year alongside a four-month statutory hold period.

Read the full announcement: Metalsource Mining Intersects High Grade Silver Hill Mineralization to 335 Metres Below Surface with 55 Metre Down Plunge Step Outs