Metallis Advances Greyhound Project: Geophysical Surveys Pave Way for Summer Drilling

Metallis Resources (TSXV: MTS, OTCQB: MTLFF) has taken a significant step forward in its Greyhound Property development, announcing plans for geophysical surveys in 2025 to prepare for a summer drilling program. The Greyhound Property, a high-grade silver/gold/antimony project in Idaho's Stibnite Mining Camp, is poised for exploration success, as indicated by recent lab testing and planned surveys.

The company's VP of Exploration, Dave Dupre, highlighted the project's potential, noting the doubling of antimony prices over the past year and exceptional historic silver grades. The property's location on patented claims significantly streamlines the permitting process, requiring only minor local county office applications. This expedited process, combined with beneficial Idaho state developments such as the SPEED Act, positions Metallis for a swift and efficient exploration program.

Key developments at the Greyhound Property include:

1. Lab testing of 11 rock samples: The testing indicates potential success with induced polarization surveys for identifying mineralization, with strong contrast between polymetallic mineralization and host granites. Variable chargeability signatures and magnetic susceptibilities in the samples suggest that both IP and magnetic surveys will be helpful in locating well-mineralized zones.
2. Planned drone magnetic surveys: These surveys aim to highlight structural features and alteration zones, which can help refine drill targets. By identifying new parallel shears and defining the location of alteration zones, the team can focus drilling efforts on the most promising areas of the property.
3. Confirmed drill targets on patented claims: The drill targets lie on patented claims that provide minimal permitting requirements and water rights, expediting the exploration process and allowing the team to drill this upcoming summer without delay.
4. Beneficial Idaho state developments: The signing of the SPEED Act and the final approval of Perpetua Resources' nearby Stibnite mine exemplify Idaho's pro-mining stance, creating a favorable environment for Metallis' exploration plans.



The Greyhound Property's potential is further underscored by the success of geophysical surveys at similar polymetallic projects. For instance, IP surveys have been effective in identifying mineralization at the Olympic Dam in Australia and the Pebble project in Alaska, while a ZTEM survey outlined the Deep Kerr deposit, part of Seabridge Gold's KSM Project. Given these precedents, it is reasonable to expect that IP and magnetic surveys at the Greyhound Property will also be helpful in identifying well-mineralized zones.

In conclusion, Metallis Resources' Greyhound Property is well-positioned for exploration success, with lab testing indicating the potential for geophysical surveys to identify mineralization, planned drone magnetic surveys to refine drill targets, and an expedited permitting process on patented claims. As the company advances its exploration plans, investors can expect a timely and efficient drilling program, potentially unlocking the property's full potential.