One company standing out today is benefiting not only from this renewed sector interest but also from the release of strong assay results. The combination of improving sentiment toward gold and company-specific catalysts is driving a notable rally, putting the stock among the top performers in the junior mining space.
Metalsource Mining Inc. (CSE: MSM) (OTCQB: MSMMF) reported strong assay results from its ongoing drilling program at the Silver Hill Project in North Carolina, highlighting the project’s high-grade potential. One drill hole returned 48.04 g/t gold equivalent over 12.62 meters, including particularly rich intervals of 85.4 g/t over 6.95 meters and 210.72 g/t over 2.74 meters. These results extend known mineralization approximately 195 meters down dip and reinforce the presence of a robust system with meaningful upside in gold, silver, and base metals.
The mineralization encountered includes massive to semi-massive sulfide zones composed of sphalerite, galena, pyrite, and chalcopyrite, with occurrences of electrum. Ongoing exploration continues to confirm mineralization both along strike and at depth, while early reconnaissance suggests the host geology extends at least 1.5 kilometers north, indicating broader expansion potential across the property. In addition, a property-wide geophysical survey is nearing completion, with results expected to guide upcoming drilling and exploration targets.
Commenting on the assay results, Joe Cullen, CEO of Metalsource Mining, stated "SH26-07 is a transformational result for Metalsource Mining. Intersecting 209 grams of gold per tonne over nearly three metres - within an envelope of 46 grams of gold per tonne over 12.62 metres - at 195 metres below our initial discovery confirms that Silver Hill is not a near-surface anomaly. It is a high-grade system that strengthens dramatically with depth. With visual confirmation of wide massive sulphide zones in our most recent holes, an active drill program, and a property-wide geophysical survey now being integrated into our geological model, we believe the most significant discoveries at Silver Hill are still ahead of us."
Investors appear to be agreeing with Mr. Cullen’s assessment, sending shares of MSM up 20.63% to $1.93, while U.S. listed shares (MSMMF) pop 28.25% to $1.48 in mid-morning trading.
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