Metallis Resources Inc. Prioritizes High-Impact Drill Targets at Greyhound Property, Idaho
VANCOUVER, BC, May 21, 2025 /CNW/ - Metallis Resources Inc. (TSX-V: MTS; OTCQB: MTLFF), a mineral exploration and development company based in Vancouver, Canada, has announced an update on its Greyhound Property located in central Idaho, USA. The company is prioritizing high-impact drill targets for the 2025 season, focusing on a high-grade silver/gold/antimony prospect within the historic Stibnite Mining Camp.
The Greyhound Property features a 3.5 km long shear zone, which has multiple historic mining adits but has never been drill-tested. Metallis has conducted extensive data compilation and geological work, identifying multiple prospective showings. The company has scheduled drilling for three high-priority targets this summer.
Dave Dupre, Metallis’ VP of Exploration, highlighted the potential of the Greyhound Property, stating, “The 3.5 km shear zone at Greyhound compares favorably with many other silver mines within Idaho’s world-renowned Silver Valley. Historic underground channel sampling at the 1350’ target revealed exceptionally high-grade mineralization, confirming the shear is extremely well endowed.” Grab sample assays have shown impressive results, with 121.4 g/t AuEq* in the Rufus Adit, 55.2 g/t AuEq* at the Bulldog, and 66.3 g/t AuEq* at the Birdie.
Metallis Resources Inc. is listed on the TSX Venture Exchange and has a market capitalization of 12,780,000 CAD. The company’s close price as of May 15, 2025, was 0.17 CAD, with a 52-week high of 0.35 CAD on December 8, 2024, and a 52-week low of 0.07 CAD on June 20, 2024. The price-to-earnings ratio stands at -10.86, reflecting the company’s current financial status.
This strategic focus on the Greyhound Property underscores Metallis’ commitment to exploring and developing metal resources, leveraging its expertise in the metals and mining sector. The company’s efforts to prioritize high-impact drill targets could potentially enhance its portfolio and contribute to future growth.