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Metallis Resources ( (TSE:MTS) ) has provided an update.
Metallis Resources Inc. has announced the signing of a drilling contract with Foraco Drilling Ltd. for its inaugural drill program at the Greyhound Property in Idaho’s Stibnite Mining District. This program aims to explore high-grade silver-gold-antimony targets within a 3.5 km-long mineralized shear zone, marking a significant milestone for the company. The initiative is expected to unlock substantial value for shareholders, aligning with Metallis’s strategy of advancing high-quality assets in mining-friendly areas. The timing is favorable, given the current high prices of silver and gold, and the increasing importance of antimony in various industries.
More about Metallis Resources
Metallis Resources Inc. is a Vancouver-based company focused on exploring gold, copper, and silver, primarily on its flagship Kirkham Property in British Columbia’s Golden Triangle, Canada, and the Greyhound Property in Idaho, USA. The company trades on the TSX Venture Exchange, OTCQB Exchange, and Frankfurt Stock Exchange.
Average Trading Volume: 54,554
Technical Sentiment Signal: Buy
Current Market Cap: C$19.9M
See more insights into MTS stock on TipRanks’ Stock Analysis page.