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Metalsource Adds Acres and Ounces at Silver Hill in NCBob Moriarty In January of this year I introduced my readers to a very interesting young company with two projects in North Carolina with company making potential. Their primary project Silver Hill was the very first silver mine in the United States, dating back to 1839. The company is drilling now and more assays will be released soon. On the 2nd of July Metalsource announced signing options on an additional 141 acres contiguous to their existing land package at Silver Hill bringing the total position to about 1,300 acres. (Click on images to enlarge)
Metalsource reported additional drill results on the 30th of June that showed 6.28 meters of 1,156 g/t AgEq in hole SH26-19. That included a 3.6 meter intercept that assayed 1,789 g/t AgEq. Those are drill lengths and not necessarily true width. I’m using current prices for the metals only to give investors an idea of the relative value. Intercept length will almost always be greater than true width and recoveries are always lower than metal value in the ground.
Metalsource is pretty much releasing holes on a weekly basis most of whom show outstanding assays adding ounces to the total. This from June 23rd.
Metalsource has completed a Phase 1 drill program and is in the midst of a Phase 2 program designed to drill deeper. Success in the program so far has encouraged the company to add an additional drill rig. Management does an excellent job of prompt communication and their presentation is excellent. See presentation here. Metalsource is an advertiser so naturally I am biased. Please do your own due diligence. Metalsource Mining Inc ### Bob Moriarty 321gold Ltd |
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