Metal Energy Updates on Highland Valley Exploration Program

Core Insights - Metal Energy Corp. is advancing its exploration plans at the Highland Valley Project, focusing on refining drill targets through geophysical surveys and historical data analysis [1][3][4]. Geophysical Exploration - The geophysical signature of known deposits in the Highland Valley is subtle, necessitating thorough geophysical coverage to refine drill targets [3]. - Planned drone aeromagnetic surveys will build on previous airborne magnetic surveys from 2012 and 2021, specifically targeting the Mystery area acquired in 2022 [4]. - Ongoing digitization and analysis of historical IP survey data will assist in prioritizing chargeability anomalies for drill testing [4]. Initial Exploration Targets - The Billy Lake area shows a large AMT resistive zone aligned with a strong copper-in-soil anomaly, interpreted as an uplifted fault block [7]. - Zone 2 features mineralization in a conductive zone adjacent to an AMT resistor, with potential for further exploration [7]. - Zone 1 presents a north-south trending resistive zone with potential for parallel mineralized zones based on geophysical and historical drilling data [8]. Reconnaissance Surveys - Ground AMT surveys in the eastern part of the project have identified potential structures for mineralization in porphyry copper systems, with plans for reconnaissance surveys in the less-explored western area [5]. Milestone Payments Extension - Metal Energy has entered an amending agreement to extend milestone payments related to the acquisition of the Highland Valley Copper Project by nine months, involving the issuance of 1,000,000 common shares and a cash payment of $25,000 [12][14].