Northwire Canada EditionSunday, August 9, 2026
Sign inSubscribe
Northwire
⌕
WHN 0.375 −2.6% LME 0.140 +3.7% AAUC 30.49 +5.3% GGM 0.040 +14.3% FDY 6.18 +3.2% MOG 0.640 +3.2% NEXM 3.20 +1.3% NCAU 0.330 +3.1% LUC 0.160 +0.0% BTR 0.140 +0.0% SMRV 0.200 −16.7% BIG 0.880 +3.5% URC 3.89 +0.0% ATY 0.250 −2.0% NRM 0.075 +7.1% WMS 0.040 +0.0% WHN 0.375 −2.6% LME 0.140 +3.7% AAUC 30.49 +5.3% GGM 0.040 +14.3% FDY 6.18 +3.2% MOG 0.640 +3.2% NEXM 3.20 +1.3% NCAU 0.330 +3.1% LUC 0.160 +0.0% BTR 0.140 +0.0% SMRV 0.200 −16.7% BIG 0.880 +3.5% URC 3.89 +0.0% ATY 0.250 −2.0% NRM 0.075 +7.1% WMS 0.040 +0.0%
Drill Results

Metalsource signs drilling contract with Boart Longyear

By The Northwire Desk — AI Analysis Nov 17, 2025 · 12:51 MSM · 0.41 Metalsource Mining Inc
MSM · Price

Executive Summary

  • Metalsource Mining Inc. has entered into a drilling contract with Boart Longyear to conduct an inaugural drill program at its flagship North Carolina properties, Silver Hill and Byrd Pilot.
  • The contract requires a minimum of 2,000 metres of core drilling to test high-priority target zones identified through recent mapping, sampling, and geophysical work.
  • Drilling is scheduled to mobilize in the first week of December, marking a significant milestone for the company's exploration activities.

Key Details

  • Contractor: Boart Longyear.
  • Mobilization Date: First week of December.
  • Drilling Scope: Minimum of 2,000 metres of core drilling.
  • Target Properties:
    • Silver Hill: Located in Davidson County, North Carolina (1,128 acres). The property features historic data from America's first silver-producing mine, with mineralization extending to 550 metres from surface. Recent surface sampling (SH25-003) returned 444 g/t Ag, 17.7 g/t Au, 8.61% Pb, and 0.507% Zn.
    • Byrd-Pilot Mountain: Located in central North Carolina. The area shows potential for a large epithermal or porphyry-related gold system, with historic 1980s work indicating broad gold mineralization and strong self-potential anomalies. No drilling has tested the Meridian discovery zone since the 1980s.
  • Qualified Person: Rory Kutluoglu, PGeo.

Notable Quotes

  • "Securing Boart Longyear for our inaugural drill program is an important milestone for Metalsource. Their experience and technical capabilities make them an excellent fit for this project. We are extremely excited to begin testing these priority targets, and we look forward to updating shareholders once the drill crew arrives on site and drilling is ready to commence." — Joe Cullen, Chief Executive Officer
Read the original news release →

More from Metalsource Mining Inc

Jun 30, 2026 · 08:01

Systematically extending high-grade polymetallic corridor at Silver Hill; market yawns at more step-outs, fixated on the pending maiden resource.

Drill Results Jun 24, 2026 · 08:01

Silver Hill step-out drilling validates high-grade polymetallic corridor, but exploration-stage status and lack of resource definition cap near-term re-rating potential.

Drill Results Jun 17, 2026 · 08:01

High-grade polymetallic intercepts fuel Silver Hill exploration, but dilution and pre-revenue status demand caution.

Drill Results Jun 10, 2026 · 08:01

High-grade polymetallic exploration in NC continues to validate thesis, but dilution and pre-revenue status remain key risks.

Drill Results Apr 16, 2026 · 06:01

Silver Hill Drill Program Confirms Polymetallic Depth Potential as Stock Hits New Highs

Drill Results Apr 13, 2026 · 19:16

Metalsource Mining Intersects 48.04 g/t AuEq over 12.62m, Including 210.72 g/t AuEq over 2.74m, Extends Mineralization down Dip 195m, Continues to Expand Gold, Silver and Base Metal Mineralization

Drill Results