en.Wedoany.com Reported - Metalsource Mining (CSE: MSM; US-OTC: MSMMF) has extended mineralization to approximately 315 meters below surface through drilling at its Silver Hill project in North Carolina, as the company conducts its first modern resource evaluation of this historically producing U.S. silver district.

Drill hole SH26-11 intersected 10.64 meters at 138.41 meters depth, grading 3.3 g/t gold, 27 g/t silver, along with 3.3% lead, 7.9% zinc, and 0.2% copper. One interval from 142.98 meters, 1.52 meters in length, returned 19.1 g/t gold, 92 g/t silver, 11.7% lead, 25.1% zinc, and 0.5% copper. Drill hole SH26-15 reported the deepest result, returning 10.18 meters from 218.66 meters, grading 2.1 g/t gold, 16.4 g/t silver, along with 1.5% lead, 2.9% zinc, and 0.4% copper. This interval includes 2.71 meters from 226.13 meters, grading 4.5 g/t gold, 41 g/t silver, along with 5.3% lead, 10.3% zinc, and 0.2% copper.

Metalsource CEO Joe Cullen stated in a press release that what is encouraging about hole 11 is not just the high-grade intercepts, but the broader mineralized zone. The multiple stacked high-grade zones and the lead-zinc content across the entire interval demonstrate the continuity of the system, increasing confidence in expanding mineralization along strike and at depth.

Silver Hill is located in Davidson County, approximately 170 kilometers by road from the state capital Raleigh, covering 5 square kilometers on private land. The mine's history dates back to 1839, and it was once the first significant silver discovery in the United States. The broader Carolina terrane has well-established benchmarks, with OceanaGold (TSX, NYSE: OGC) investing growth capital in the Palomino underground project and conducting resource drilling at its Haile gold mine in South Carolina (the largest gold mine in the eastern U.S.), which has produced over 1.4 million ounces since 2017, with a reserve mine life extending to 2036.

Metalsource's Toronto-listed shares stabilized at C$1.65 per share on Wednesday afternoon, having grown nearly 11-fold over the past 12 months, giving the company a market capitalization of C$119.5 million (US$85.8 million).

Such deep extrapolation drill holes are more important at this stage than isolated high-grade intercepts, helping Metalsource demonstrate that the old workings are situated within a larger mineralized body with room for growth.

Regarding other drill holes, SH26-10 returned 4.6 meters from 111.98 meters, grading 0.7 g/t gold, 23.9 g/t silver, along with 2.7% lead, 6.1% zinc, and 0.1% copper. SH26-16 intersected 8.56 meters from 224.45 meters, grading 0.6 g/t gold, 7.7 g/t silver, along with 0.8% lead and 2.1% zinc. Near surface, SH25-04 intersected 1.55 meters from 58.55 meters, grading 0.2 g/t gold, 40.4 g/t silver, along with 1.5% lead and 2.6% zinc, indicating continuity north of the inclined shaft and at depth.

These results remain early-stage, and Metalsource reports core lengths rather than true thicknesses. The drill table lists 11 completed holes, 10 holes awaiting analysis, and one abandoned hole. The company has also recently completed an induced polarization survey to help trace extensions beyond the old mine area and guide further drilling.

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