T2 Metals Begins 2025 Winter Drill Program at the Sherridon Copper - Gold Project, Manitoba
Rhea-AI Summary
T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) has initiated its 2025 winter drill program at the Sherridon copper-gold project in Manitoba's Flin Flon - Snow Lake District. The fully funded program includes up to five holes, utilizing frozen lakes and ground for access to previously undrilled areas while minimizing environmental impact.
The program targets the Bob Lake deposit, including its main host horizon and footwall horizon, plus a major fold hinge structure southeast of the deposit. The project benefits from strong local First Nations support, evidenced by a 2023 Exploration Agreement with Kiciwapa Cree Nation and a 2024 reconciliation award from Manitoba Prospectors and Developers Association.
Sherridon is a high-grade VMS project with significant mining history and multiple copper-rich massive sulphide occurrences in an infrastructure-rich location. The program also serves as a platform for local community training through employment and skills development.
Positive
- Fully funded winter drilling program initiated
- Strong First Nations support with formal exploration agreement
- Infrastructure-rich location with historical mining presence
- Multiple copper-rich massive sulphide occurrences present
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, TWOSF declined 2.23%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - T2 Metals Corp. (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E) ("T2" or the "Company") is pleased to announce commencement of core drilling at the Sherridon copper-gold project in the Flin Flon - Snow Lake District of west-central Manitoba. The drill program is fully funded and will include holes at the Bob Lake deposit and at new regional target areas.
This winter program will comprise up to five holes, and utilize frozen lakes and ground to enable simplified access to areas that have not previously been drilled, and ensure environmental footprint is minimised. Drilling has recently commenced in the Bob Lake area.
Sherridon is a high-grade volcanogenic massive sulphide ("VMS") project with a significant mining history and multiple copper-rich massive sulphide occurrences, in an infrastructure-rich location.
Drill targets at Bob Lake include the main Bob Lake host horizon, and the sparsely tested Bob Lake footwall horizon. Additionally, the program will test an interpreted major fold hinge structure to the southeast of the Bob Lake deposit. In addition, the campaign will test compelling targets that are away from past drill areas, which have been identified by the integration of geology, geophysics, and structure.
The drill program is facilitated through excellent support from the local First Nations community, highlighted by the 2023 signing of an Exploration Agreement with the Kiciwapa Cree Nation, and the 2024 receipt of an award for reconciliation efforts from Manitoba Prospectors and Developers Association (MMDF). This drilling program also functions as a platform for local training of individuals in the Sherridon community through employment, skills development and investment.
Mark Saxon, CEO of T2 Metals Corp. said "The start of 2025 has been cold in Manitoba, providing excellent conditions for access preparation across frozen ground. We are utilizing winter conditions to test new target areas well away from the five historical mineral resources or mined areas. We appreciate the support of the Kiciwapa Cree Nation, the Sherridon community, and Quesnel Bros. Diamond Drilling Ltd in completing the winter program and will update shareholders as results are available."
T2 Metals personnel shall be attending the Prospectors & Developers Association of Canada (PDAC) convention in Toronto from 2nd to 5th of March (https://pdac.ca/convention-2025). Please get in touch to schedule a time to meet our representatives, or visit Booth No. 2941 in the Investors Exchange.
The qualified person for the Company's projects, Mr. Mark Saxon, the Company's Chief Executive Officer, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has reviewed and approved the contents of this release.
About T2 Metals Corp (TSXV: TWO) (OTCQB: TWOSF) (WKN: A2DR6E)
T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. The Company continues to target under-explored areas, including the Sherridon, Lida, Cora and Copper Eagle projects where post-mineralization cover masks areas of high geological prospectivity in the vicinity of major mines.
ON BEHALF OF THE BOARD,
"Mark Saxon" | For further information, please contact: |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Transporting the drill over a frozen lake
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Drill equipment at drillhole SHN25021
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Cautionary Note Regarding Forward-Looking Statements
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. Such risks include uncertainties relating to exploration activities. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241409
FAQ
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