Medford, Wisconsin--(Newsfile Corp. - May 28, 2025) - GreenLight Metals Inc. (TSXV: GRL) ("GreenLight" or the "Company") is pleased to provide an update on its planned exploration activities across its Wisconsin assets. GreenLight's strategic focus is centered on expanding known mineral resources at its Bend Project and advancing new discoveries within the Penokean Volcanic Belt. These efforts align with the Company's broader objective to strengthen domestic critical mineral supply chains and reduce the United States' dependence on foreign sources.
Highlights
- Bend Project Phase 1 Drilling: 2,300-meter drill program across 8 holes targeting eastern margin of known deposit
- Historic High-Grade Results: Previous drilling at Bend returned 67.69 meters grading 1.01% Cu and 0.99 g/t Au, including 27.6 meters at 2.40% Cu and 1.43 g/t Aui
- Bend Phase 2 Expansion: Planning up to 5,250 meters of drilling pending federal permit approvals, targeting resource confirmation and strike extensions
- Lobo and Lobo East Project Advancement: Initiating permitting for high-grade zinc-copper target at Lobo with historic intercepts of 9.4 meters grading 22.89% Zn, 1.41% Cu, 1.84% Pb, and 1.14 g/t Aui as well as the Lobo East Project
- Strategic First-Mover Advantage: GreenLight is one of the only active exploration companies in the Penokean Volcanic Belt, following the departure of major miners including BHP and Rio Tinto resulting from Wisconsin's now-lifted mining moratorium
Strategic Positioning in North America's Most Prospective VMS Belt
GreenLight's Wisconsin assets are strategically positioned within the Penokean Volcanic Belt, one of North America's most prospective yet underexplored volcanogenic massive sulfide belts. The Belt hosts over 15 known VMS deposits and occurrences with base and precious metal mineralization. GreenLight maintains a first-mover advantage as currently one of the only active exploration companies in the Belt.
The Company's mission is to capitalize on this first-mover advantage to consolidate, secure, and drill dominant land positions rich in clean energy metals copper and zinc, as well as gold, that are required to power the green economy transition.
Matt Filgate, President & CEO, commented: "Finalizing our drill strategy for the Bend project and moving forward with permitting for Lobo and Lobo East are exciting milestones for GreenLight. These steps underscore our commitment to systematically advancing our assets within Wisconsin's Penokean Volcanic Belt. We are keenly focused on executing these upcoming exploration programs, which are designed to expand our understanding of these deposits and progress our efforts to define valuable critical mineral resources."
Bend VMS Project - Wisconsin
The Bend VMS Project is an advanced-stage exploration asset located approximately 19 miles north of Medford, Wisconsin. To date, approximately US$7.5 million has been invested into the project, with 53 diamond drill holes completed totaling 21,812 meters. GreenLight has secured all necessary permits to initiate drilling and anticipates commencing its inaugural drill program in the near term. The upcoming program will focus on delineating the deposit along a northeast strike, guided by a known VTEM geophysical anomaly.
Historical drilling has yielded significant results, including an intercept of 67.69 meters grading 1.01% Cu and 0.99 g/t Au, which includes a higher-grade interval of 27.6 meters at 2.40% Cu and 1.43 g/t Au (Hole B90-06) (see Figure 1).i These results define a near-vertical massive sulphide body hosted within felsic volcanic rocks. A historic, non-compliant resource estimate prepared in 1992 by Jump River Joint Ventures outlined 4.0 million tonnes at 1.74% Cu and 2.44 g/t Au.[i] The deposit has been traced along strike for approximately 335 meters at surface, expanding to at least 549 meters at depth, and has been partially tested to a vertical depth of 610 meters.
The Phase 1 drill program for 2025 will include 2,300 meters across eight holes targeting the eastern margin of the deposit located on a leased forty-acre tract of private minerals owned by Soo Line Railroad (see Figure 2). Looking ahead, the Company plans to conduct further exploration on the adjacent federal portions of the Bend deposit (mineral rights controlled by the Bureau of Land Management) once the pending prospecting permit applications are approved. Phase 2 will consist of up to 5,250 meters, including nine holes (2,500 meters) focused on resource confirmation, and six holes (2,750 meters) testing both the eastern extension of the Bend trend and a parallel northern conductor anomaly. The Bend ore equivalent horizon, composed of mineralized argillites with interbedded cherty-hematitic chemical sediments, has been identified along the northeastern flank and can be traced geophysically for at least 1.4 kilometers, representing a target for potential extensions or new deposits.
Lobo and Lobo East Projects - Wisconsin
The Lobo Project represents a high-grade VMS discovery with several mineralized intercepts ranging from depths of 60 to 340 meters. Historical drilling highlights include 9.4 meters grading 22.89% Zn, 1.41% Cu, 1.84% Pb, and 1.14 g/t Au (Hole LB-3)i, demonstrating the grade potential of this proximal occurrence to the Crandon deposit. The deposit remains open for expansion both along strike and down dip from known mineralization. Lobo East, an optioned property totaling 476 acres with no modern drilling, hosts two strong geophysical anomalies, with the northern target being drill-ready.
GreenLight has commenced drill targeting activities and is in the process of finalizing permit applications for Lobo and Lobo East, which are expected to be submitted to the Wisconsin Department of Natural Resources in the coming weeks.
Reef Gold Project - Wisconsin
The Reef Project is located approximately 12 miles east of Wausau and hosts a shear-zone-related gold-copper system. Historical drilling, most recently conducted by Aquila Resources in 2011-2012, intersected 65.2 meters grading 2.80 g/t Au and 0.17% Cu. (from 80.5m to 145.73m in hole R12-38), including 8.9 meters at 13.14 g/t Au and 0.44% Cu.i Additional high-grade intercepts include 14.8 meters grading 14.41 g/t Au and 0.30% Cu (Hole R11-11) from 40.6m to 55.4m), including 9.3 meters at 21.3 g/t Au and 0.33%.i Gold mineralization at Reef occurs in eight structurally stacked, shallow zones from surface to depths of approximately 150 meters and remains open along strike and at depth.
GreenLight intends to initiate the permitting process for a drill program in Q3 2025, with plans to commence drilling in Q1 2026. The objective will be to test the extension of mineralization along strike and down-dip.
Qualified Person Statement
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Thomas Quigley, MSc, CPG-11962, Exploration Director of the Company, a Qualified Person as defined by NI 43-101.
Figure 1 - Plan view of the Bend Project.
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Figure 2 - Bend Project cross section.
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About GreenLight Metals Inc.
The principal business of GreenLight is the exploration and development of mineral properties in Wisconsin, Nevada, and Arizona. The material properties of GreenLight are the Bend Property, the Reef Property and the Kalium Canyon Property. In addition, the Company controls two additional prospective properties in Wisconsin - Lobo and Lobo East. GreenLight has also secured rights to the Swede anomaly located on the Southern Greenstone Belt. Outside of Wisconsin, the Company controls rights to the Kalium Canyon property, located in the Walker Lane district of Nevada. The Company also holds an option on the Cerro Colorado property located 70 kilometers southwest of Tucson, Arizona, along the Laramide porphyry copper belt.
For more information, please contact:
Matt Filgate
President & CEO
(778) 679-3579
matt@greenlightmetals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such statements often use words like "anticipate", "believe", "expect", "intend", "may", "plan", "predict", "project", "should", "will", "planned", "upcoming", "objective", "focus on", "would proceed", "looking ahead", "expected", or "intends".
Specifically, this news release includes forward-looking statements regarding: the Company's planned exploration programs, objectives, and timelines on its Wisconsin properties (Bend, Lobo/Lobo East, and Reef), including the nature, timing, and extent of drilling activities; the process and timing for obtaining necessary permits; plans for advancing projects through various phases; and the work required to potentially classify historical estimates as current mineral resources.
All forward-looking statements involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated. Important factors that could cause actual results and the Company's specific plans for its properties to differ materially from expectations include, but are not limited to: the outcomes of exploration and drilling activities; the ability to secure or renew necessary permits and approvals on anticipated timelines or at all; geological and operational uncertainties; the Company's ability to secure adequate financing for its planned activities; changes in project parameters as plans are refined; and risks related to market conditions, commodity prices, and regulatory environments. Other risks are detailed in the Company's filings with securities regulators. The reader is cautioned that assumptions used in preparing forward-looking information may prove incorrect, and not to place undue reliance on such information. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and are made as of the date of this news release. The Company will update or revise publicly any included forward-looking statements only as expressly required by applicable law.
[i] This historical estimate does not comply with CIM Definition Standards on Mineral Resources and Mineral Reserves as required by NI 43-101 and has no comparable resource classification. A qualified person has not done sufficient work to classify the historical estimate as a current resource and GreenLight is not treating the historical estimate as a current resource. Significant data compilation, re-drilling, re-sampling and data verification will be required by a qualified person before the historical estimate on the property can be classified as a current resource. Reported intervals are drill thickness and do not necessarily represent true thickness.
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