Metalsource Mining Inc. (CSE: MSM) (OTCQB: MSMMF) (FSE: E9Z) has reported a new interval of polymetallic mineralization at its Silver Hill Project in North Carolina, extending the known mineralized footprint 80 metres to the south. According to the company’s October 22 announcement, drill hole SH26-45 encountered approximately 22 metres of visually identified semi-massive sulphide and vein-style mineralization. The intersection lies beyond the previously drilled area and indicates that mineralization remains open to the north, south, and at depth, with the outer boundaries of the system yet to be determined.
The step-out is significant because it suggests that the historic Silver Hill district may host a much larger silver-gold-polymetallic system than earlier generations of exploration recognized. Metalsource is applying modern drilling technology and integrating drilling data with historical geological information, geophysical surveys, and surface sampling to refine targets beyond the established mine area. The company also holds the Byrd-Pilot Mountain gold exploration project elsewhere in North Carolina, but Silver Hill remains its primary focus as a historically producing polymetallic district.
For investors, the result provides early evidence that the mineralized system extends beyond the previously defined footprint, which could lead to a larger resource base if further drilling confirms the visual observations. The company is preparing for larger exploration tests, and the open-ended nature of the mineralization means that additional drilling will be needed to establish the size and continuity of the system. Visual identification of sulphide minerals is not a substitute for assay results, and the market will likely look for chemical confirmation in subsequent announcements.
Metalsource Mining is a mineral exploration company whose shares trade on the Canadian Securities Exchange under the symbol MSM, on the OTCQB under MSMMF, and on the Frankfurt Stock Exchange under E9Z. The latest news and updates relating to MSMMF are available in the company’s newsroom at https://ibn.fm/MSMMF.
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