Promising exploration findings at Corvette River

Metals Australia (ASX:MLS) has unveiled promising results from its Phase 1 mapping and sampling program at the Corvette River Project in Quebec, Canada. The exploration covered the Felicie, West Eade, and East Eade areas, revealing potential gold, silver, and base metal mineralization. These findings pave the way for further exploration and drilling target definition in the area.

Strategic overview and future exploration plans

Metals Australia has reported successful outcomes from its Phase 1 exploration at the Corvette River Project, located in the mineral-rich Lac Guyer Greenstone Belt in Quebec. The Felicie, West Eade, and East Eade projects showed promising mineralization, with notable gold, silver, and base metal assays. Building on these results, the company plans a Phase 2 exploration to further explore and delineate mineralized zones, setting up for potential drilling. Metals Australia is strategically focused on advancing its Canadian and Australian projects, including its flagship Lac Carheil graphite project. With a diversified mineral portfolio and a strong presence in established mining jurisdictions, the company aims to enhance shareholder value through continued exploration and development.

Management insights on recent exploration outcomes

We are pleased with the significant new gold discoveries and consistent silver, copper, lead, and zinc presence. Our strong portfolio and capability to unlock value from multiple projects are well demonstrated by these results.