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Multiple Copper-Dominant Resources to be Defined in a Tier-1 Mining District
T2 Metals Corp. (TSXV: TWO,OTC:TWOSF) (OTCQB: TWOSF) (WKN: A3DVMD) ("T2 Metals" or the "Company") is pleased to announce the commissioning of a Mineral Resource Estimate ("MRE") for its flagship Sherridon Copper-Zinc-Gold-Silver Mineral Project in the Flin Flon mining district of central western Manitoba.
Resource calculation is underway on four of the five historical mineral resource areas (see press release dated November 1, 2024) at Sherridon in accordance with National Instrument 43-101 ("NI 43-101") standards. The Mineral Resource Estimate will incorporate new data from the T2 Metals drilling programs, new assays from previously unsampled intervals, and update metal prices and other assumptions from the historical mineral resource estimate of 2010.
Highlights:
- Mineral Resource Estimation is underway on four unmined deposits at Sherridon (Bob, Jungle, Lost, and Cold), all sited within 5km of the Sherridon village where all historical mining took place.
- The resource estimate will prioritize the copper-rich nature of the Sherridon camp, aligning with current record-high copper pricing and market sentiment.
- Sherridon is located within the Flin Flon-Snow Lake Greenstone Belt, only 65 km from Flin Flon (Figure 1) and 120 km from Foran Mining's McIlvenna Bay development project — recently the subject of a C$3.8 billion acquisition by Eldorado Gold.
- Resource estimation will incorporate T2 Metals' 2023 — 2025 drilling which included 23.50 m grading 1.18% Copper (Cu), 6.8 g/t Gold (Au), 40.4 g/t Silver (Ag) and 1.46% Zinc (Zn) in SH23005.
- An operating rail line passes through the Sherridon project, providing a unique advantage for potential future mine development.
Mark Saxon, President and CEO of T2 Metals, commented, "This new mineral resource estimate for Sherridon is a key step forward for the project and the Company. The attention on the future supply/demand for copper continues to grow, buoyed by rapid growth in energy, transport and data storage demands. Analysts have identified copper as a premier investment opportunity for 2026, and the value of established, near-surface deposits in a stable jurisdiction like Manitoba cannot be overstated. Metal prices used in the 2010 resource estimation were US$900/oz gold, US$15.00/oz silver, US$2.50/lb copper and US$1.00/lb zinc with current prices providing an opportunity for significant resource growth.
"We are encouraged by recent consolidation in the Flin Flon-Snow Lake district, notably the Eldorado-Foran transaction, which underscores the strategic importance of the belt as a global copper-gold powerhouse."
The Company has retained independent consultants ReedLeyton Consulting, Arundon Mining Solutions Oy and Mr Anders Hogrelius to act as the Qualified Persons (QPs) for the MRE. The process involves a rigorous validation of historical drill data, assay certificates, and metallurgical records. T2 Metals has recently completed three successful drill programs at Sherridon, and these modern results will be integrated into the new block models to improve confidence levels in the resource classification.
Strategic Context
The 2026 outlook for copper remains exceptionally strong, driven by accelerating demand from AI data centres, electrical grid expansion, and persistent global supply deficits. Market commentators (e.g. Chamath Palihapitiya) have widely cited copper as the "best trade of 2026," as supply constraints at major global mines coincide with a structural shift in demand.
About the Sherridon Mineral Project
The Sherridon Mineral Project is a high-grade Volcanogenic Massive Sulphide (VMS) camp with an extensive mining history. 7.74 million tonnes were mined at an average grade of 2.46% Cu, 2.84% Zn, 0.6 g/t Au and 33 g/t Ag (Goetz & Froese, 1981) between 1931 and 1951 from the Sherritt Gordon East and West Mines.
The project benefits from year-round road access and an operational rail line. The historical resources are interpreted to lie on the same mineralized horizon as the former Sherritt Gordon East and West mines.
The Company cautions that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources, and T2 Metals is not treating the historical estimates as current mineral resources.
Figure 1: Location of Sherridon Mineral Project, Manitoba.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7326/283330_9c758ded54d8abc5_002full.jpg
Disclaimers
The qualified person (as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects) for the Company's projects, Mr. Mark Saxon, the Company's Chief Executive Officer, a Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists, has reviewed and approved the contents of this release.
About T2 Metals Corp (TSXV: TWO,OTC:TWOSF) (OTCQB: TWOSF) (WKN: A3DVMD)
T2 Metals Corp is an emerging copper and precious metal company enhancing shareholder value through exploration and discovery. The Company continues to target under-explored areas, including the Sherridon, Lida, Cora and Copper Eagle mineral projects where post-mineralization cover masks areas of high geological prospectivity in the vicinity of major mines. T2 Metals is committed to engage with rights holders and stakeholders with the highest level of respect, ensuring that our exploration activities contribute positively to the communities in which we operate.
ON BEHALF OF THE BOARD,
| "Mark Saxon" Mark Saxon President & CEO | For further information, please contact: t2metals.com 1305 - 1090 West Georgia St., Vancouver, BC, V6E 3V7 info@t2metals.com |
Neither the 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 release.
Cautionary Note Regarding Forward-Looking Statements
Certain information set out in this news release constitutes forward-looking information. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Accordingly, the actual events may differ materially from those projected in the forward-looking statements. Such risks include uncertainties relating to exploration activities. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283330
