12:33:27 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



T2 Metals Corp
Symbol TWO
Shares Issued 27,634,219
Close 2023-01-31 C$ 0.33
Market Cap C$ 9,119,292
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T2 Metals increases landholdings at Lida

2023-01-31 11:36 ET - News Release

Mr. Mark Saxon reports

T2 METALS FURTHER EXPANDS LANDHOLDING AT THE LIDA COPPER - SILVER PROJECT, NEVADA

T2 Metals Corp. has been granted additional BLM (Bureau of Land Management) lode mining claims at the Lida copper-silver project on the Walker Lane belt in south-central Esmeralda county, Nevada. The additional claims were staked during the preparation for drilling in late 2022 to secure a subsurface induced polarization (IP) chargeability anomaly and adjacent resistivity anomaly. The area covered by the claim block now totals 5.25 square kilometres and secures the strike extent of the IP and resistivity anomalies.

The Lida project now comprises 63 granted BLM lode mining claims that cover three recently identified high-chargeability anomalies and an adjacent strong resistivity anomaly (see press release dated Aug. 23, 2022). The chargeability/resistivity zone corresponds to an area of high-grade oxide copper sampled at surface. In 57 samples taken from dump and pit material, copper ranged from 26.20 per cent copper to 12 parts per million copper averaging 1.80 per cent copper. Twenty samples exceeded 1 per cent copper, including 14 that exceeded 2 per cent copper.

The geological setting and the character of the geophysical anomalies suggest Lida has highest potential for a porphyry-style mineralization in the volcanics intruding the carbonate-rich Harkless and Poleta formations. There is no indication from exploration records or field observations that the chargeability/resistivity targets have been previously drill tested.

"As we learn more about the potential of the Lida project, we have elected to expand our land position beyond the chargeability and resistivity anomalies identified in the 2022 IP program. Lida sits within the central Walker Lane, Nevada, one of the United States' best and busiest exploration addresses for gold, silver, copper and lithium," said Mark Saxon, president and chief executive officer.

About T2 Metals Corp.

T2 Metals is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. T2 is focused on the Sherridon project in Manitoba, the Lida project in Nevada and the Cora project in Arizona.

We seek Safe Harbor.

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