Toronto, Ontario – November 14, 2024 – Metal Energy Corp. (the “Company” or “Metal Energy“) (MERG: TSXV, MEEEF: OTCQB) is pleased to announce that it will commence a multi-phase exploration program on its newly acquired Highland Valley Project (“Highland” or the “Project”). This multi-phase program will identify high-potential targets in the Highland East portion of the Project using geophysical surveys, culminating in a drill program in 2025.
Multi-phase Exploration Program
Phase 1 of the exploration program will consist of a systematic ground AMT (Audio MagnetoTelluric) geophysical survey covering most of the Project’s Highland East portion. This highly prospective ground is glacially covered and along trend from Teck’s HVC mine. The ground AMT surveys will expand upon smaller scale historical surveys conducted in the area. The Company will conduct 3D inversions of new and historical AMT data to outline high-potential drill targets and inform construction of a geological framework of the Project. Ground AMT surveys are novel for the Highland Valley district and appear to be highly effective in delineating the subtle porphyry system footprints characteristic of the district, based on initial surveys at Zones 1 and 2. In addition to the Ground AMT surveys, the Company will conduct passive seismic and hyperspectral studies and leverage diverse historical datasets to help vector towards new covered targets. Phase 1 has already been mobilized, and completion is expected by the end of 2024.
Link to Map Showing Area of Focus for Phase 1
Phases 2 and 3 of the exploration program will follow-up on the results of Phase 1, with Phase 2 consisting of infill AMT surveys as warranted along with deep-looking IP surveys over newly identified high-potential targets from Phase 1. Additionally, Phase 2 will involve field geology and geochemical studies to define the alteration footprints and mineralization styles of the newly defined targets. Phase 3 will follow up on Phase 2 and will serve to drill test prioritized targets. Phases 2 and 3 are expected to commence in 2025 and will be conclude by year-end 2025.
About the Highland Valley Project
The Highland Valley Project (“Highland” or the “Project”) spans 240 km² in southern British Columbia, just 3.5 hours from Vancouver and 30 minutes from Merritt, with access to critical infrastructure, including roads, rail, and power.
Located in the southern part of the Guichon Creek Batholith, Highland shares many geological features with Teck’s HVC mine, particularly in two priority areas:
Zone 1: Contains copper-silver-molybdenum mineralization over 1,200 metres, open to the south and at depth, presenting significant expansion potential. Key copper-rich minerals include chalcocite and bornite.
Zone 2: Hosts high-grade copper-gold-silver-molybdenum-rhenium mineralization, distinguished by its gold enrichment, rare for this region. This zone also offers expansion potential in all directions.
Link to Metal Energy’s Highland Valley Presentation
Link to Map of the Highland Valley Project
About Metal Energy
Metal Energy is a critical metals exploration company with two high-potential projects in politically stable, Canadian jurisdictions: Manibridge (Ni-Cu-Co-PGE) in Manitoba and its recently acquired Highland Valley Project (Cu-Mo-Ag-Au-Re) in British Columbia. Metal Energy’s projects are 100% owned.
QP Statement
The technical information contained in this news release has been reviewed and approved by Mike Sweeny, P.Geo., Technical Advisor for Metal Energy, and a Qualified Person as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.”
For further information, please contact:
Metal Energy Corp.
MERG on the TSXV
Stephen Stewart
info@oregroup.ca
www.metalenergy.ca
