Northwire Canada EditionWednesday, August 5, 2026
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SGML 14.82 −4.4% DEF 0.175 +6.1% UCU 3.50 +1.4% BBB 0.680 +0.0% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.44 +4.4% LAR 8.96 −1.0% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.365 +17.7% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 10.83 +6.3% SGML 14.82 −4.4% DEF 0.175 +6.1% UCU 3.50 +1.4% BBB 0.680 +0.0% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.44 +4.4% LAR 8.96 −1.0% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.365 +17.7% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 10.83 +6.3%
Drill Results

MetalSource Mining Update on Silver Hill Drilling and Video Release

By The Northwire Desk — AI Analysis Jan 05, 2026 · 03:31 MSM · 0.66 Metalsource Mining Inc.
MSM · Price

Executive Summary

  • MetalSource Mining resumed drilling at the Silver Hill Silver Project, completing four holes totaling 614.38 m and plans a fifth hole targeting main mineralization.
  • The drill program has been expanded to 1,400 m (up from 800 m) supported by an increased exploration budget following a strategic investment by Eric Sprott.
  • New short‑form and long‑form project overview videos have been released to provide investors with visual updates on the company’s exploration activities.

Key Details

  • Silver Hill Project – Drill Progress: 4 drillholes completed; total depth 614.38 m. A fifth hole will target the main mineralized zone.
  • Planned Drill Program: Total of 1,400 m (originally 800 m) to test historic mineralization, strike extensions, and up‑dip targets on newly identified prospects.
  • Sample Analysis: Core samples are being sent to ALS in Reno; assay results expected shortly.
  • Geophysical Work: Ongoing processing of magnetotelluric (MT) data collected last year; drill plan will be adjusted based on findings.
  • Budget Increase: Exploration budget raised due to a recent strategic investment by Eric Sprott (see News Release dated Jan 2, 2026).
  • Future Drilling – Byrd‑Pilot Project: Planned 4–6 drill holes in late January targeting geological and geophysical anomalies at the nearby Byrd‑Pilot Gold‑Silver Project.
  • Corporate Video Release: Long‑form and short‑form project videos produced by Iximche Media (filming) and Shootday (post‑production) now available on the company’s website and YouTube channel.
  • Technical Oversight: All scientific information reviewed by Qualified Person Rory Kutluoglu, P.Geo.

Notable Quotes

“We are very encouraged by the early stages of drilling at Silver Hill. We are achieving good meterage, strong core recovery, and efficient drill performance.” – Joe Cullen, CEO

Read the original news release →

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