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Key Highlights

  • Total Metals completed three high-priority drill holes at its High Lake gold project in Ontario.
  • The company expects initial assay results next month as reverse-circulation drilling continues.
  • Total Metals highlighted an existing Purdex Zone mineral resource estimate effective April 14, 2023.

Total Metals Corp. (TSXV: TT) has completed three high-priority drill holes at its High Lake high-grade gold project in Ontario, marking the start of its exploration campaign targeting the Purdex Zone.

Executive Chairman Michael Dehn said reverse-circulation drilling is continuing and the company expects to report initial assay results next month. He also said Total Metals plans to advance and expand its drill program into 2027.

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 company described its current exploration focus as confirming and expanding known mineral occurrences and testing prioritized structural trends, particularly where structural features intersect or bend in areas of more complex geology.

Purdex Zone mineral resource estimate

Total Metals pointed to a National Instrument 43-101 (NI 43-101) mineral resource estimate for the Purdex Zone with an effective date of April 14, 2023. The company also referenced a NI 43-101 technical report with an effective date of November 30, 2025 titled “Technical Report and Initial Mineral Resource Estimate of the High Lake – West Hawk Lake Gold Project” by English River Geoscience Ltd., which it said confirms the currency of the mineral resource estimate.

At a 2.6 g/t gold cut-off, the table in the release lists an indicated resource of 152 thousand tonnes grading 9.38 g/t gold for 45.8 thousand ounces, and an inferred resource of 287 thousand tonnes grading 10.43 g/t gold for 96.2 thousand ounces.

The release also summarized selected drill intercepts reported from a 2022–2023 program completed by McFarlane Lake Mining at the Purdex Zone, including 24.96 g/t gold over 14.90 m in hole MLHL-22-06 and 148.37 g/t gold over 1.3 m in hole MLHL-22-17.

Total Metals said its next steps include expediting plans for additional drilling to expand the known zone and test newly identified targets, and preparing drilling to test extensions where the deposit is open along strike and at depth.

The original press release is available on stockhouse.com

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