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T2 Metals Reports First Two of Nine Holes from Second Drill Program at the Sherridon VMS Project, Manitoba
TWOTwo Harbors Investment (TWO) Newsfile·2024-12-18 12:00

Core Viewpoint - T2 Metals Corp. has reported promising initial assay results from its Q4 2024 drill program at the Sherridon VMS Project in Manitoba, highlighting high-grade copper and other metals, indicating potential for further discoveries in the area [2][3][8]. Drilling Program Highlights - The first two holes of a nine-hole drilling program have been completed, with SHN24014 intersecting high-grade copper over a significant interval, including 3.56 meters grading 2.50% Cu, 5.31% Zn, 1.00 g/t Au, and 21.8 g/t Ag [2][5][8]. - The second hole, SHN24013, did not intersect the target horizon, while SHN24014 was drilled southeast of the Lost Lake Historical Mineral Resource [5][6]. - The 2024 drill program aims to test and extend known mineralization and VTEM anomalies in geologically prospective locations [6][12]. Future Plans - Planning is underway for a Q1 2025 drilling program, which will commence when winter conditions permit, and the company is fully funded for this initiative [4][12]. - Additional results from the 2024 drilling program are expected in early 2025 as the company progresses towards its next drilling phase [8]. Historical Context - The Sherridon VMS Project is located in a historically significant mining area with known copper-rich resources, having a mining history that includes the extraction of 7.74 million tonnes at an average grade of 2.46% Cu, 2.84% Zn, 0.6 g/t Au, and 33 g/t Ag from 1931 to 1951 [9][10]. - The Lost Lake and Cold Lake zones comprise a continuously mineralized horizon over a known strike length of approximately 1.8 km, previously explored by HudBay Minerals [10][11]. Technical Details - The drill program included a total of 1,584 meters across six holes, testing a strike length exceeding 1.4 km at the Cold Lake and Lost Lake prospects [9]. - Assay results confirmed the presence of semi and massive sulphide in core logging, delineating shallow-dipping and plunging massive sulphide lenses [11][12]. Company Overview - T2 Metals Corp. is focused on enhancing shareholder value through exploration and discovery, with a primary focus on the Sherridon Project in Manitoba, as well as projects in Nevada and Arizona [29].