Metal Energy Confirms Large Porphyry Copper-Gold System at NIV With Hundreds of Metres of Continuous Mineralization

Metal Energy Corp has confirmed a large porphyry copper-gold system at its NIV project in British Columbia following the first-ever drilling program at the site, with results showing hundreds of metres of continuous copper-gold-molybdenum mineralization starting near surface.

The standout intercept, hole NIV26-011, returned 11.0 metres grading 0.95% copper equivalent, including 0.55 g/t gold, 0.21% copper and 136 parts per million molybdenum, sitting within a broader 39.35-metre interval of 0.41% copper equivalent at 55.65 metres depth. The hole ended within a continuously mineralized interval of 426.0 metres grading 0.17% copper equivalent from 30.0 metres, leaving the system open at depth. A second hole, NIV26-004, returned 117.0 metres of 0.25% copper equivalent from 144.0 metres, including a higher-grade 6.0-metre section at 0.89% copper equivalent driven by 0.76 g/t gold, within an overall mineralized interval of 326.5 metres of 0.17% copper equivalent from 5.9 metres.

The geology features high-temperature alteration, multiple intrusive phases and several vein stages, all characteristic of a major British Columbia porphyry system. Grade and intensity of mineralization strengthen toward the north, and the system remains open in that direction, pointing to further drill targets ahead. Metal Energy trades on the TSX Venture Exchange under the ticker MERG.V and in the United States as MEEEF.