en.Wedoany.com Reported - Metalsource Mining Inc. (MSM:CSE; SFRIF:OTC; E9Z:FSE) is advancing its Silver Hill silver project in North Carolina, recently expanding its controlled area to approximately 1,300 acres through an option agreement.

The Silver Hill project is one of the earliest operating silver mines in the United States, with an operational history dating back to 1839. On July 2, the company announced an option to acquire an additional 141 acres adjacent to its existing control area, bringing its total holdings to approximately 1,300 acres. Drilling is currently underway, with more assay results to be released soon.

The latest drilling data released on June 30 shows a 6.28-meter interval grading 1,156 grams per tonne silver equivalent (AgEq) in hole SH26-19, including a 3.6-meter section grading 1,789 grams per tonne silver equivalent. It should be noted that these data reflect drill hole lengths rather than true widths; the intersection length almost always exceeds the true width, and the actual recovered metal value is always lower than the metal value contained in the rock.

Metalsource releases results from approximately one drill hole per week, with most holes yielding significant grades, further increasing total resources. A batch of results released on June 23 also showed high-grade intervals.

The company has completed its first phase of drilling and is currently conducting a second phase aimed at reaching deeper zones. Given the smooth progress of the work, management has brought a second drill rig to the site.