Metal Energy Announces Multi-Phase Exploration Program on Newly Acquired Highland Valley Project
Metal Energy Corp. (MEEEF) has announced a multi-phase exploration program for its newly acquired Highland Valley Project. The program, led by geologist Charlie Greig, will focus on identifying high-potential targets in the Highland East portion. Phase 1 includes ground AMT geophysical surveys of the most prospective areas, with 3D inversions of new and historical data to outline drill targets. The company will also conduct passive seismic and hyperspectral studies. Phase 1 is expected to complete by end of 2024. Phases 2 and 3 will follow in 2025, involving infill AMT surveys, IP surveys, field geology, geochemical studies, and ultimately drill testing of priority targets.
Metal Energy Corp. (MEEEF) ha annunciato un programma di esplorazione multi-fase per il suo recentemente acquisito Highland Valley Project. Il programma, guidato dal geologo Charlie Greig, si concentrerà sull'identificazione di obiettivi ad alto potenziale nella parte Highland East. La Fase 1 prevede sondaggi geofisici AMT a terra nelle aree più promettenti, con inversioni 3D di nuovi dati storici per delineare i punti di perforazione. L'azienda condurrà anche studi sismici passivi e iperspettrali. Si prevede che la Fase 1 sia completata entro la fine del 2024. Le Fasi 2 e 3 seguiranno nel 2025, coinvolgendo sondaggi AMT di riempimento, sondaggi IP, geologia di campo, studi geochimici e, infine, test di perforazione degli obiettivi prioritari.
Metal Energy Corp. (MEEEF) ha anunciado un programa de exploración multifásico para su nuevo proyecto Highland Valley. El programa, dirigido por el geólogo Charlie Greig, se centrará en identificar objetivos de alto potencial en la parte Highland East. La Fase 1 incluye encuestas geofísicas AMT en tierra de las áreas más prospectivas, con inversiones 3D de datos nuevos e históricos para delinear los objetivos de perforación. La empresa también llevará a cabo estudios sísmicos pasivos e hiperespectrales. Se espera que la Fase 1 se complete a finales de 2024. Las Fases 2 y 3 seguirán en 2025, involucrando encuestas AMT de relleno, encuestas IP, geología de campo, estudios geoquímicos y, finalmente, pruebas de perforación de los objetivos prioritarios.
메탈 에너지 코퍼레이션(주)(MEEEF)은 새로 인수한 하이랜드 밸리 프로젝트에 대한 다단계 탐사 프로그램을 발표했습니다. 이 프로그램은 지질학자 찰리 그레이그가 이끌며 하이랜드 이스트 지역에서 높은 잠재력을 가진 목표를 식별하는 데 중점을 둘 것입니다. 1단계는 가장 잠재력이 높은 지역에 대한 지상 AMT 지구물리적 조사를 포함하며, 새로운 데이터와 기존 데이터를 3D로 역산하여 시추 목표를 정할 것입니다. 회사는 수동적인 지진학 및 하이퍼스펙트럼 연구도 수행할 예정입니다. 1단계는 2024년 말까지 완료될 것으로 예상됩니다. 2단계 및 3단계는 2025년에 이어질 예정이며, 충진 AMT 조사, IP 조사, 현장 지질학, 지구화학 연구 및 궁극적으로 우선 목표에 대한 시추 테스트가 포함됩니다.
Metal Energy Corp. (MEEEF) a annoncé un programme d'exploration multimodal pour son projet récemment acquis Highland Valley. Le programme, dirigé par le géologue Charlie Greig, se concentrera sur l'identification des cibles à fort potentiel dans la partie Highland East. La Phase 1 comprend des enquêtes géophysiques AMT au sol dans les zones les plus prometteuses, avec des inversions 3D de nouvelles données et de données historiques pour définir les cibles de forage. L'entreprise réalisera également des études sismiques passives et hyperspectrales. La Phase 1 devrait se terminer d'ici fin 2024. Les Phases 2 et 3 suivront en 2025, impliquant des enquêtes AMT de remplissage, des enquêtes IP, de la géologie de terrain, des études géochimiques et, enfin, des tests de forage des cibles prioritaires.
Metal Energy Corp. (MEEEF) hat ein mehrstufiges Explorationsprogramm für sein neu erworbenes Highland Valley Project angekündigt. Das Programm, das von dem Geologen Charlie Greig geleitet wird, konzentriert sich darauf, hochpotenzielle Ziele im Bereich Highland East zu identifizieren. Phase 1 umfasst geophysikalische AMT-Untersuchungen vor Ort in den vielversprechendsten Bereichen, mit 3D-Inversionen neuer und historischer Daten zur Festlegung von Bohrzielen. Das Unternehmen wird auch passive seismische und hyperspektrale Studien durchführen. Es wird erwartet, dass Phase 1 bis Ende 2024 abgeschlossen ist. Die Phasen 2 und 3 werden 2025 folgen und beinhalten Infill-AMT-Untersuchungen, IP-Untersuchungen, Feldgeologie, geochemische Studien und schließlich die Bohrung von Prioritätszielen.
- Strategic location along trend from Teck's HVC mine
- Implementation of novel ground AMT surveys showing effectiveness in target identification
- Comprehensive three-phase exploration approach already mobilized
- No immediate revenue generation expected until at least end of 2025
- Exploration success not guaranteed despite comprehensive program
Highlights:
- Exploration program lead by geologist Charlie Greig and team.
- A multi-phase approach, including geophysics, will be used for priority target identification, culminating in a drill program in 2025.
- Phase 1 covers the most prospective areas of the Highland Valley project and will include a Ground AMT survey, a new application that could be highly effective in the Highland Valley district.
Toronto, Ontario--(Newsfile Corp. - November 14, 2024) - Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) (the "Company" or "Metal Energy") 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
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
Reader Advisory
This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information in relation to: the anticipated benefits of the Acquisition to Metal Energy and its shareholders; the ability of Metal Energy to satisfy the other conditions to, and to complete, the Acquisition; and the ability of the Company to complete the Financing Conditions, the exploration expenditures, and make all payments in a timely matter so as to maintain the interest in the Project. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. This forward-looking information reflects the Company's current beliefs and is based on information currently available to the Company and on assumptions the Company believes are reasonable. These assumptions include, TSXV acceptance and market acceptance of the Acquisition; the Company's current and initial understanding and analysis of its projects; the Company's general and administrative costs remaining constant; market acceptance of the Company's business model, goals and approach; and the feasibility and reasonableness of conducting exploration on and developing any of the Company's projects. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: there is no certainty that work programs will result in significant or successful exploration and development of the Company's properties; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely availability of permits and other governmental approvals; the Company may not be able to comply with its ongoing obligations regarding its properties; the early stage development of the Company and its projects; general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities, junior market securities and mining exploration company securities; commodity prices; the actual results of current exploration and development or operational activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including environmental legislation or income tax legislation, affecting the Company; conclusions of economic evaluations; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors which may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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FAQ
What is Metal Energy's (MEEEF) exploration timeline for Highland Valley Project?
What exploration methods will MEEEF use in Phase 1 of Highland Valley Project?
When will MEEEF begin drilling at the Highland Valley Project?
