Mentioned:
Metalsource Mining is aiming to make new discoveries at one of the most historic silver projects in the Untied States. And they’ve just completed a new geophysical survey that might expand its exploration potential even more.
What’s happening:
- Metalsource Mining (CSE: MSM) has announced the results of a new comprehensive induced polarization geophysical survey at their flagship Silver Hill Project located in North Carolina
By the numbers:
- The new induced polarization geophysical survey at the Silver Hill project showed multiple open anomalies across 2.4 kilometres of strike that support the potential for step-out drilling
- A prominent anomaly extends 1.2 kilometres beyond the former Silver Hill Project mine area
Why it matters:
- Metalsource Mining’s Silver Hill Project is widely considered to be the first major silver discovery and the first silver mine to go into production in the history of the United States of America
Going deeper:
- Metalsource Mining has publicly stated that the new geophysical survey will meaningfully inform future step-out drilling as well as evaluating potential extensions of the Silver Hill Project’s mineralized system beyond the areas that have already been drilled
- Metalsource Mining just recently made waves when they announced new assay results at the Silver Hill Project that intersected 434 grams per tonne of silver equivalent over 10.64 metres
- The Silver Hill Project is located on fully private land in Davidson County, North Carolina and has existing access to roads, power and water
The intrigue:
- Billionaire mining entrepreneur and investor Eric Sprott is one of the single largest shareholders of Metalsource Mining and owns roughly 17% of the company
