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Metalsource Mining (CSE: MSM, OTCQB: MSMMF, FSE: E9Z) announced a major expansion of exploration at the Silver Hill Project in North Carolina by adding a second diamond drill rig and a dedicated night shift, which together are expected to increase drilling capacity about threefold.
The existing rig will continue step-out drilling to expand the known high-grade polymetallic system along strike and down plunge, supporting an inaugural mineral resource estimate targeted for early 2027. The new rig will test newly defined, district-scale IP targets that display geophysical characteristics similar to areas with significant silver, gold, lead, zinc and copper intercepts. Mobilization of the second rig and additional crew is anticipated in early August, with multiple assay results pending from ongoing work.
Metalsource Mining (OTCQB: MSMMF) reported Phase 2 induced polarization (IP) survey results at its Silver Hill project in North Carolina, defining about 2.4 kilometres of prospective strike. The survey outlined a continuous 1.8 km anomaly near the historic Silver Hill mine and an additional 600 m anomaly in the northeast, generating multiple high-priority drill targets that share geophysical traits with previously mineralized zones.
According to Metalsource, drilling to date has intersected polymetallic mineralization over intervals up to 18.17 m, with composite assays up to 209.1 g/t gold, 241 g/t silver, 18.8% lead, 39.4% zinc and 5.4% copper, and silver-equivalent grades up to 16,604 g/t AgEq. Management plans to increase drilling capacity to both expand known mineralization and systematically test new IP targets. The company emphasizes that results are preliminary, do not define a mineral resource, and require further drilling to establish continuity, geometry and grade distribution.
Metalsource Mining (OTCQB: MSMMF) is advancing a second wave of exploration in the Carolina Slate Belt, focused on the Silver Hill and Byrd-Pilot projects in North Carolina.
Silver Hill’s land package has expanded to about 1,300 acres, with ongoing drilling, geophysics and multiple assays pending to refine a polymetallic silver-gold-lead-zinc system that remains open. Byrd-Pilot adds 1,000 acres of gold-silver potential with a 450-metre anomalous trend that is largely untested at depth. Recent Silver Hill drilling reported 6.28 metres grading 1,156 g/t AgEq, including 3.6 metres at 1,789 g/t AgEq. Regional activity includes OceanaGold’s Haile Mine drilling successes and Albemarle’s Kings Mountain lithium progress, underscoring renewed mining interest in the Carolinas.
Metalsource Mining (OTCQB: MSMMF) expanded its Silver Hill district through option agreements on three properties totaling about 141 acres, increasing its land package to roughly 1,300 acres. The new ground lies along strike and down dip of known mineralization.
According to Metalsource, multiple drill assays are pending, and the company plans to add a second drill rig to accelerate testing of known mineralization and new regional targets as it pursues district-scale exploration potential in North Carolina.
Metalsource Mining (OTCQB: MSMMF) reported new drill results from the Silver Hill project dated June 30, 2026. Hole SH26-19 intersected 6.28 m grading 1,156 g/t AgEq, including 3.60 m at 1,789 g/t AgEq, with locally high gold, lead and zinc.
The hole extends the emerging high grade polymetallic corridor about 33 metres down plunge and supports continuity across historic workings. The system remains open in several directions, multiple assays are pending, and results are described as preliminary and insufficient to define a mineral resource.
Metalsource Mining (OTCQB: MSMMF) reported new drill results from the Silver Hill polymetallic project in North Carolina. Hole SH26-18 intersected 11.83 m grading 245 g/t AgEq, including 0.64 m at 1,580 g/t AgEq, 13.8 g/t Au and high Pb-Zn values, extending mineralization about 28 m south of SH26-08 and beyond historic workings. SH26-17 returned up to 292 g/t AgEq over 0.15 m and confirms mineralization remains open north. Numerous assays are still pending, results are preliminary and do not yet define a mineral resource. Metalsource also granted 500,000 restricted share units to consultants, vesting over one year.
Metalsource Mining (OTCQB: MSMMF) reported results from a property-scale induced polarization survey at its Silver Hill Project in North Carolina.
The work outlined multiple open IP anomalies across ~2.4 km of strike, including a prominent southern anomaly extending ~1.2 km beyond the historic mine, supporting step-out drilling and broader exploration targeting.
Metalsource Mining (OTCQB: MSMMF) reported new Silver Hill drill results, including 434 g/t AgEq over 10.64 m in hole SH26-11, with a 2,050 g/t AgEq over 1.52 m sub-interval. Step-out holes extend mineralization ~315 m below surface and along strike, while an extensive IP survey is complete and multiple assays remain pending.
Metalsource Mining (OTCQB: MSMMF) engaged several communications and market awareness firms as exploration advances at the Silver Hill Project in North Carolina, described as America's first silver mine.
New agreements with Caram Media, Apollo, TMI Digital, Investorideas and Quantum Ventures include defined cash fees and prior equity incentives to expand investor outreach and shareholder communications.
Metalsource Mining (OTCQB: MSMMF) granted 605,000 restricted share units (RSUs) to consultants, valid for two years and issued under its share compensation plans. The RSUs are subject to a four-month-and-one-day hold period.
Metalsource also corrected a prior disclosure: it issued 2,000,000 stock options, not 2,325,000, exercisable at $1.60 per share for two years.