VANCOUVER, BC, July 8, 2026 /CNW/ - Metallis Resources Inc. (TSXV: MTS) (OTCQB: MTLFF) (the "Company" or "Metallis") is pleased to announce that exploration crews have arrived at its Greyhound Project (the "Project" or "Greyhound") in central Idaho, marking the commencement of the 2026 field season.
Initial field activities include road and access route maintenance, establishing camp facilities and site visits to priority exploration targets and to verify drill pad locations.
The 2026 exploration program will include diamond drilling, geological mapping, trenching, and geochemical sampling. These programs are intended to enhance the Company's understanding of the Greyhound Shear Zone, refine existing drill targets, and identify additional mineralized structures for future exploration.
Initial drilling will focus on the Rufus Zone (see Figure 1), where the Company's 2025 drill program confirmed a broad mineralized shear zone hosting multiple quartz veins associated with gold, silver, lead, zinc, and antimony mineralization. Building upon last year's results, the 2026 program is designed to further evaluate the geometry, continuity, and structural controls of interpreted higher-grade mineralized shoots within the broader Greyhound Shear system.
Beyond Rufus, field crews will continue advancing several emerging target areas, including Republican, Bulldog, Akita, Idaho, Ridge Cut, and Birdie. Specifically, ongoing mapping, trenching and sampling will continue to enhance our data models and serve to help prioritize targets for future drill testing as exploration progresses across the property.
Dave Nuttall, VP of Exploration, stated, "While drilling is often the most visible component of an exploration program, the success of any campaign begins with thorough preparation and target validation. The mobilization phase allows us to confirm our geological interpretations in the field and optimize drill targeting before the rig arrives on site. We are particularly excited to return to the Rufus Zone, where last year's drilling significantly improved our understanding of the scale and mineralized potential of the system. Our objective this season is to better define the structural controls on mineralization and further evaluate the continuity of higher-grade shoots within the broader shear zone."
The 2026 exploration program builds upon the Company's inaugural 2025 campaign, which confirmed silver-gold-antimony mineralization at multiple locations across the Greyhound Project and significantly improved the Company's understanding of the Greyhound Shear Zone. Geological modelling and interpretation completed throughout the winter and spring has refined several priority targets that will be evaluated during the current field season.