- T2 Metals (TSXV:TWO) filed an NI 43-101 technical report on the resource estimate for its Sherridon copper, gold, zinc and silver project in Manitoba, detailing 516 million pounds of copper complemented by 254,000 ounces of gold, with more than one third of total tonnage in the indicated category.
- The junior precious and critical metals mining company is active in Canada and the United States.
- T2 Metals stock has added 250 per cent year-over-year.
T2 Metals (TSXV:TWO) filed an NI 43-101 technical report on the resource estimate for its Sherridon copper, gold, zinc and silver project in Manitoba, detailing 516 million pounds of copper complemented by 254,000 ounces of gold, with more than one third of total tonnage in the indicated category.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
The project’s four constituent deposits, Bob, Cold Lake, Lost Lake and Jungle, remain open at depth, with more than 60 per cent of estimate mineralization accessible from shallow open pits, suggesting low development costs. A broader 25-kilometre mineralized horizon hosting numerous sulphide bodies is still to be explored.
Sherridon’s future development is supported by historic mining infrastructure, year-round access, a rail line on the property connected to smelters, ports and processing facilities, plus proximity to the Flin Flon mining community and its established worker, supplier and services networks.
T2 will now turn its attention to potential resource expansion drilling, as well as mineralogical, metallurgical and environmental baseline work to substantiate a planned preliminary economic assessment.
Leadership commentary
“The resource modelling contained within this technical report confirms what the T2 Metals team have long understood — that Sherridon is a robust, brownfields, multi-deposit VMS district with scale, grade and room to grow,” Mark Saxon, President and Chief Executive Officer of T2 Metals, said in Friday’s news release. “With the report now on file, our focus shifts to the next phase of work: identifying targets along strike and at depth for each resource, advancing metallurgical and environmental baseline studies and evaluating a preliminary economic assessment. I thank Geoffrey Reed, Anders Hogrelius and Bouke van ‘t Riet for their work, which has validated and utilized a large drill dataset to model these four significant resources.”
About T2 Metals
T2 Metals is a junior precious and critical metals mining company active in Canada and the United States.
T2 Metals stock (TSXV:TWO) is unchanged trading at C$0.42 as of 10:10 am ET. The stock has added 250 per cent year-over-year.
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