METALLIS ANNOUNCES HIGH-GRADE DISCOVERY AT "1350 ZONE" INCLUDING 795 G/T SILVER EQUIVALENT* OVER 1.48 METERS
Original announcement by tmx on
- Company
- Metallis Resources Inc.
- Ticker
- MTS
- Exchange
- TSX
- Region
- Idaho, USA
- Primary commodity
- Silver
- Secondary commodities
- Gold, Antimony, Lead, Zinc
- Document categories
- Drill results, Other
- Extracted
- 2026-09-18 11:04:11 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Metallis Resources Inc. has announced high-grade silver-equivalent discovery at the 1350 Zone of its Greyhound Property in Idaho. The inaugural diamond drilling program returned exceptional intercepts, including 4,859 g/t AgEq over 0.15 m, and identified a new parallel mineralized shear zone.
Reasoning: The inaugural drilling program at the 1350 Zone returned exceptional high-grade silver-equivalent intercepts and identified a new structural target, significantly de-risking the property's exploration potential.
Positive factors
- Exceptional silver equivalent grades (up to 4,859 g/t AgEq)
- Discovery of a new parallel shear zone
- Presence of critical mineral antimony
- Inaugural program confirms high-grade mineralized footprint
Negative factors
- Poor drill recoveries noted at the Bulldog target
- True widths currently unknown
Facts used in scoring: 6
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 4,859 g/t AgEq is exceptionally high for a silver-equivalent intercept.
Evidence · text
“A standout high-grade intercept in GH25-05 returned 4,859 g/t AgEq* over 0.15 m”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: Discovery of a previously unknown mineralized structure parallel to the main shear.
Evidence · text
“uncovered a previously unknown mineralized structure parallel to the main Greyhound shear”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions ALS Labs (accredited), use of blanks, duplicates, and standards.
Evidence · text
“ALS Labs (an independent ISO-IEC 17025:2017 and ISO 9001:2015 accredited geo-analytical laboratory )”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The document explicitly states true widths are still unknown at this early stage.
Evidence · text
“True widths still unknown at early stage of exploration.”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
GH25-05Greyhound · silverGrade: 4859Grade Unit: g/tIntercept: 0.15 mView all detailsHide details
Identity
- Hole ID
- GH25-05
- Project
- Greyhound
- Commodity
- silver
- Region
- usa_id
- Reported Region
- usa_id
- Ticker
- MTS
Geometry
- Grade
- 4859
- Grade Unit
- g/t
- Intercept
- 0.15 m
- From
- 129.55 m
- To
- 129.7 m
- Intercept Depth
- 129.55 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GH25-05:129.55-129.7
- Mining Method
- unknown
Location
- Location
- 1350 Zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 4859
- Metal Eq. Unit
- g/t AgEq*
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-12-04T00:00:00.000Z
Reasoning: Standout high-grade intercept.
Positive factors
- Exceptional grade
Evidence · text
“A standout high-grade intercept in GH25-05 returned 4,859 g/t AgEq* over 0.15 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "We are committed to unlocking its full value alongside our investors." Highlights: 5.02% antimony over 0.15 m in GH25-05"
GH25-05Greyhound · silverGrade: 795Grade Unit: g/tIntercept: 1.48 mView all detailsHide details
Identity
- Hole ID
- GH25-05
- Project
- Greyhound
- Commodity
- silver
- Region
- usa_id
- Reported Region
- usa_id
- Ticker
- MTS
Geometry
- Grade
- 795
- Grade Unit
- g/t
- Intercept
- 1.48 m
- From
- 129.55 m
- To
- 131.03 m
- Intercept Depth
- 129.55 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GH25-05:129.55-131.03
- Mining Method
- unknown
Location
- Location
- 1350 Zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 795
- Metal Eq. Unit
- g/t AgEq*
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-12-04T00:00:00.000Z
Reasoning: Strong intercept in the main target zone.
Positive factors
- High grade
Evidence · text
“At 129.55 m depth, a quartz sulphide vein was intercepted grading 795 g/t AgEq* over 1.48 m”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "We are committed to unlocking its full value alongside our investors." Highlights: 5.02% antimony over 0.15 m in GH25-05"
GH25-05Greyhound · antimonyGrade: 5.02Grade Unit: %Intercept: 0.15 mView all detailsHide details
Identity
- Hole ID
- GH25-05
- Project
- Greyhound
- Commodity
- antimony
- Region
- usa_id
- Reported Region
- usa_id
- Ticker
- MTS
Geometry
- Grade
- 5.02
- Grade Unit
- %
- Intercept
- 0.15 m
- From
- 129.55 m
- To
- 129.7 m
- Intercept Depth
- 129.55 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- GH25-05:129.55-129.7
- Mining Method
- unknown
Location
- Location
- 1350 Zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-12-04T00:00:00.000Z
Reasoning: High grade antimony confirms critical metal potential.
Positive factors
- Critical mineral presence
Evidence · text
“5.02% antimony over 0.15 m in GH25-05”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "We are committed to unlocking its full value alongside our investors." Highlights: 5.02% antimony over 0.15 m in GH25-05"
GH25-07Greyhound · silverGrade: 514Grade Unit: g/tIntercept: 1.9 mView all detailsHide details
Identity
- Hole ID
- GH25-07
- Project
- Greyhound
- Commodity
- silver
- Region
- usa_id
- Reported Region
- usa_id
- Ticker
- MTS
Geometry
- Grade
- 514
- Grade Unit
- g/t
- Intercept
- 1.9 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- unknown
Location
- Location
- 1350 Zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 514
- Metal Eq. Unit
- g/t AgEq*
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-12-04T00:00:00.000Z
Reasoning: Strong silver equivalent intercept.
Positive factors
- High grade
Evidence · text
“1.90 meters of 514 g/t AgEq* (including 0.50 m of 1,281 g/t AgEq*) in GH25-07”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "We are committed to unlocking its full value alongside our investors." Highlights: 5.02% antimony over 0.15 m in GH25-05"
GH25-07Greyhound · silverGrade: 142Grade Unit: g/tIntercept: 15.45 mView all detailsHide details
Identity
- Hole ID
- GH25-07
- Project
- Greyhound
- Commodity
- silver
- Region
- usa_id
- Reported Region
- usa_id
- Ticker
- MTS
Geometry
- Grade
- 142
- Grade Unit
- g/t
- Intercept
- 15.45 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- unknown
Location
- Location
- 1350 Zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Metal Eq. Grade
- 142
- Metal Eq. Unit
- g/t AgEq*
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-12-04T00:00:00.000Z
Reasoning: Broad interval of moderate mineralization.
Positive factors
- Broad interval
Evidence · text
“15.45 m of 142 g/t AgEq* in GH25-07”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "We are committed to unlocking its full value alongside our investors." Highlights: 5.02% antimony over 0.15 m in GH25-05"
GH25-05Greyhound · goldGrade: 1.5Grade Unit: g/tIntercept: 3.8 mView all detailsHide details
Identity
- Hole ID
- GH25-05
- Project
- Greyhound
- Commodity
- gold
- Region
- usa_id
- Reported Region
- usa_id
- Ticker
- MTS
Geometry
- Grade
- 1.5
- Grade Unit
- g/t
- Intercept
- 3.8 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- unknown
Location
- Location
- 1350 Zone
- Loc. Source
- document
QA/QC
- QA/QC Disclosed
- Yes
- Lab Certified
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-12-04T00:00:00.000Z
Reasoning: Identified gold grades in the system.
Positive factors
- Gold presence
Evidence · text
“1.5 g/t Au over 3.8 m In GH25-05”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "We are committed to unlocking its full value alongside our investors." Highlights: 5.02% antimony over 0.15 m in GH25-05"
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.