Metalsource Land package increases to approximately 1,300 acres, securing new prospective ground along strike and down dip of known mineralization while the Company advances plans to accelerate exploration through increased drilling capacity.
Vancouver, British Columbia--(Newsfile Corp. - July 2, 2026) - Metalsource Mining Inc. (CSE: MSM) (OTCQB: MSMMF) (FSE: E9Z) ("Metalsource" or the "Company") is pleased to announce the strategic expansion of its Silver Hill land package through the execution of option agreements covering three additional properties totaling approximately 141 acres. The acquisitions increase the Company's consolidated land position to approximately 1,300 acres and secures prospective areas interpreted to be along strike and down dip of known mineralization. The transactions represent another important step in Metalsource's strategy to systematically expand the Silver Hill district as ongoing drilling, geophysics and geological interpretation continue to strengthen management's understanding of the broader exploration opportunity.
Management will continue evaluating strategic land acquisition opportunities that align with its evolving geological model, strengthening the Company's ability to systematically explore and unlock the broader potential of Silver Hill.
Highlights
Land position expanded to approximately 1,300 acres through option agreements covering three additional properties.
Newly acquired ground is interpreted to be along strike and down dip of known mineralization and part of the evolving Silver Hill geological model.
Expansion supports the Company's objective of evaluating the broader district scale potential beyond the historic mine footprint.
Exploration continues across Silver Hill with multiple assays pending while management advances plans to increase drilling capacity.
Figure 1: Plan view of existing property (yellow) with additional property additions (red). Note: Coordinate system in coordinates in WGS84 / UTMZ17N
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Joe Cullen, CEO of Metalsource Mining, commented:
"This is a strategic acquisition we've been working toward for some time. As drilling, geophysics and geological interpretation have continued to improve our understanding of the Silver Hill system, it became increasingly important to secure these highly prospective properties while the opportunity was available. We're grateful to the families who have owned this land for generations and appreciate the trust they've placed in our team. Every successful drill hole has strengthened our confidence in the broader district and helped define where we believe the next phase of exploration should be focused. These newly acquired properties provide access to compelling exploration targets that we look forward to advancing in the near term as we continue expanding the known mineralized footprint at Silver Hill.