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Be the first with the news that moves the market- T2 Metals Corp. (TWO) provided an update on drilling at the Lida Copper-Silver Project
- Two holes 900 metres apart intersected sulfide-bearing hydrothermal alteration with one hole encountering a porphyritic intrusive
- Intense silica alteration zone with chalcocite (copper sulfide) associated with high resistivity intersected over a 900-metre strike length
- T2 Metals Corp. (TWO) was up 3.70 per cent, trading at $0.42 per share at 11:30 am ET
T2 Metals Corp. (TWO) has provided an update on drilling at the Lida Copper-Silver Project.
Two holes 900 metres apart were completed in the program, both testing high chargeability anomalies identified in an induced polarization (IP) survey in 2022. Both drill holes intersected sulfide-bearing hydrothermal alteration with one hole encountering a porphyritic intrusive.
Quartz-feldspar porphyritic intrusive was intersected in one hole with pyrite veining and dissemination. Intense silica alteration zone with chalcocite (copper sulfide) associated with high resistivity intersected over a 900-metre strike length.
The Lida project is characterized by a broad area of high-grade copper oxide/carbonate mineralization and has high potential for skarn-style mineralization developed within the carbonate-rich Poleta Formation.
Mark Saxon, President & CEO, stated that drilling a previously untested project is an exciting time in the exploration industry, and Lida has been no exception.
“Intersecting a sulfide-bearing porphyry intrusive beneath cover is a very positive result, but the highlight was the silica altered interval with chalcocite associated with high resistivity. Lida sits within the Walker Lane, one of the most gold-rich regions of North America, while locally a major gold mining company has staked on our western claim margin. Alteration of this style may be indicative of potential for gold mineralization.”
T2 Metals (TWO) is an emerging copper and precious metal company focused on the Lida Project in Nevada, the Sherridon Project in Manitoba, and the Cora Project in Arizona.
T2 Metals Corp. (TWO) was up 3.70 per cent, trading at $0.42 per share as of 11:30 am ET.
