FULL DISCLOSURE: Total Metals is a sponsor of theDeepDive.ca.
Total Metals (TSXV: TT) has begun a diamond drill program at their flagship Electrolode critical minerals project in the Red Lake region of Ontario in search of volcanogenic massive sulphide style systems. The property is said to host multiple occurrences of zinc-copper-silver-gold mineralized systems that have been identified by prior operators.
A total of 5,500 metres of drilling is slated to occur under the current program, with the campaign said to have been designed to achieve multiple goals. Chief among those goals is the confirmation and expansion of historic results, along with testing electromagnetic conductors, and testing interpreted cross-structures with the potential to host gold mineralization among other aims.
Total Metals has also indicated that the program aims to identify whether critical minerals such as gallium, germanium, and indium are potential value-added by-products.
Initial drilling is set to target the Arrow Zone, where drilling will aim to test continuity with the nearby Garnet Zone. Drilling here will focus on testing a series of discontinuous electromagnetic conductors that are present along a six kilometre trend.
Also being target is a region in the southwestern portion of the property where 3D inversion modeling has detected a complex fold pattern. Historic exploration by Noranda in the area is said to have resulted in a historic copper resource.
High grade gold values have also been encountered in this area of the property, while the drill program will also aim to test a property-scale cross structure for gold mineralization that saw a soil test grid assay gold values above detection limit.
Total Metals last traded at $0.64 on the TSX Venture.
FULL DISCLOSURE: Total Metals Corp is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Total Metals. The author has been compensated to cover Total Metals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
