VANCOUVER, British Columbia–(Newsfile Corp. – February 16, 2023)- T2 Metals Corp. (TSXV: TWO) (OTCQB: AGLAF) (WKN: A2DR6E) (“T2” or “Company”) happy Provides an update on drilling at the Lida Copper-Silver-Gold Project in the Walker Lane Belt in south-central Esmeralda County, Nevada. The program completed two of his holes, approximately 900 m apart, totaling 884 m, both of which tested highly charged anomalies identified in the 2022 Induced Polarization (“IP”) survey. Encountered patchy intruders.
highlight
- The two holes completed at Lida are both intersected by altered vein sequences of sedimentary rocks.
- Quartz feldspar porphyritic intrusions intersect at one pit, with pyrite veining and seeding.
- Intense silica alteration zones containing chalcosite (copper sulfide) associated with high resistivity intersecting over a strike length of 900 m.
- A sample of the drill has been submitted to a lab in Nevada and the results will be published as they become available.
- Additional drill targets are currently being identified.
- Drill core and surface samples are available at PDAC conference booth #2941.
Both drill holes intersected a mixed sequence of lesser carbonate/limestone-bearing siliceous deposits under locally developed intermediate volcanic units. Silicitic deposits are regular quartz with bleached chloritic halos, often associated with scattered pyrites (Fig. 1), which may correspond to the fringes of patchy hydrothermal systems. – shows the development of carbonate – pyrite – chlorite veins.
Hole LD22001 intersected a porphyritic quartz feldspar intrusion extending from 148.7m to about 20m. Intrusions are characterized by quartz phenocrysts up to 5 mm in size, with regularly intersecting quartz-pyrite veins and interspersed pyrite intervals (Fig. 2). Together, intrusive and alteration assemblages provide evidence for the potential proximity of larger mineralized porphyries that may be the source of extensive surface copper mineralization at Lida.
Of particular importance, both holes intersected with highly modified/silicified intervals interpreted to be modified intrusions or clastic units. In hole LD22001, approximately 35m of this altered rock type intersected to the end of the 380.2m hole (Fig. 3). Finely seeded chalcosite (copper sulfide mineral Cu2S) was identified (with pXRF support) along with pyrite and chalcopyrite veinlets (Figure 4). This unit or style of variation has not been observed on the surface of the Lida Project.
The presence of this highly modified unit over a strike length of over 900m makes it a promising target for copper, gold, and silver. Modified units correspond to zones of high resistivity that do not extend to the surface but tend to be greater than 2 km (Fig. 5).
“Drilling previously untested projects is an exciting time for the exploration industry and Lida was no exception.President and CEO Mark Saxon said:“Although intersecting with sulfide-bearing porphyry that intrudes under the cover is a very positive result, the highlight was the altered spacing of silica with chalcosite, which is associated with high resistivity.” Lida is located within Walker Lane, one of the richest gold regions in North America, with major local gold mining companies contributing to our western claims margin.This style changes in may indicate possible gold mineralization.”
“We chose to pause the drilling program after the two holes in order to learn more about the intersecting rocks using geochemistry and petrology. We will be back to test the target further.”
T2 Metals representatives will be attending the PDAC conference in Toronto, March 4-8. To schedule a meeting, please contact us or visit us at booth #2941.
Figure 1: LD22001 – Fractures and vein alterations in siliceous deposits (drill core 60 mm wide).
Figure 2: LD22001 – Quartz feldspar phyllic porphyry with pyrite veining and seeding (drill core 60 mm wide).
Figure 3a: LD22001 – Example of severe silica alteration in a possible intermediate volcano (drill core width 60mm).
Figure 3b: LD23002 – Example of severe silica alteration in a possible central volcano (drill core width 60mm).
Figure 4: LD22001 – Severe silica alteration with dusting of chalcopyrite and pyrite (drill core 60 mm wide).
Figure 5: Location of the Lida borehole with a high resistivity zone that was not the focus of drilling. Interpreted to correspond to crossed and severe silica alterations.
| Hall ID | east | North | ELEV | immersion | Azimuth | EOH (meters) |
| LD22001 | 464558.1 | 4147829 | 1635.2 | -55 | 295 | 380.2 |
| LD23002 | 465005.4 | 4148550 | 1630.0 | -55 | 335 | 504.0 |
table 1: Drill hole coordinates and orientation (NAD83, UTM Zone 11N)
About T2 Metals (TSXV: TWO) (OTCQB: AGLAF) (WKN: A2DR6E)
T2 Metals Corp is a copper and precious metals start-up that enhances shareholder value through exploration and discovery. T2 focuses on the Sheridon Project in Manitoba, the Lida Project in Nevada and the Cola Project in Arizona.
On behalf of the Board of Directors,
“Mark Saxon”
Mark Saxon
President and CEO
For more information, please contact:
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
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