Announcement • Jul 14
Total Metals Reports Remaining Results From Winter 2026 Exploration Program At Its Electrolode Critical Metals Project
Total Metals Corp. announced the results from the fifteen remaining unreleased drill-holes in its 8,408 metre, 25 hole winter drilling program at the Electrolode critical metals property, located in northwestern Ontario completed in early 2026. Detailed results for the first ten holes were previously released on June 22, 2026. The 3,300 hectare Electrolode property, located 69 km from Ear Falls, Ontario hosts the Arrow Zone with a NI 43-101 compliant current Inferred Mineral Resource, with an effective date of June 1, 2025, containing 2,110,000 tonnes averaging 0.66% Cu, 4.74% Zn, 17.92 g/t Ag and 0.66 g/t Au. Ten other mineralized zones have been identified and explored on the property by previous operators including those in the Copperlode area 4.5 km southwest of Arrow. These were all systematically reviewed by Total Metals along with newly identified targets that together were ranked and selected for follow-up drill testing. The 2026 program has demonstrated that the Project has considerable potential remaining for increasing metal resources at the Arrow Zone as well as the Hornet Zone. Also, the area under Garnet Lake has significant exploration potential and is considered a priority area for future programs. Hole EL-26-013 returned 2.90% Zn, 1.15% Cu, 0.06 g/t Au, 13.30 g/t Ag over 7.67 m core length for the Hornet Zone. Includes 3.62% Zn, 3.19% Cu, 0.23 g/t Au, 37.29 g/t Ag over 1.74 m. Anomalous zinc and copper results from other targets together with revised geologic models support a strong target base for future critical metals exploration that could potentially increase metal resources at the Arrow Zone as well as the Hornet Zone. The 2026 winter drill program at Electrolode was an overall success taking into account for significant results from the Arrow Zone previously released on June 22, 2026: Hole EL-26-006 returned 8.40% Zn, 0.40% Cu, 0.35 g/t Au, 21.88 g/t Ag over 4.00 m core length for the Arrow Zone. The 2026 winter drill campaign, initially planned for 5,500 metres with one rig, was activated in late January, and was subsequently ramped up to an 8,000 metre program with the addition of a second rig. Drilling ended in mid-April with 25 holes completed totalling 8,408 metres. The distribution of drill-holes targeted two main sectors: the Arrow /Garnet area and the Copperlode area, as well as a variety of other targets planned on the basis of compiled geology combined with recent 3D geophysical modeling by external consultants. A 3D magnetic inversion model was created from an October 2024 high resolution UAV-borne survey completed by EarthEx Geophysical Solutions Inc. over the Copperlode area using their eMAG system. Maxwell plate models were also created, derived from data for selected electromagnetic conductors identified in a May 2017 VTEMTM plus survey by Geotech Ltd. for Pistol Bay Mining Inc. over a large area that covers the Electrolode property. The main targets on the property are volcanogenic massive sulphide (VMS) deposits, though being cognizant of location in the Red Lake district, prospective structures for gold are also evaluated. The focus of the information disclosed in this release are the results of drilling completed in the Copperlode area as well as from geophysical targets within a 2 km corridor southwest of Arrow /Garnet. Within the Copperlode area, a total of 7 holes were drilled on the Copperlode zones themselves, and 3 holes were drilled on peripheral target areas. In the 2km corridor southwest of Arrow Zone, a total of 5 holes were drilled. The Copperlode Zone is comprised of five separate bodies of VMS mineralization that have potential for developing coherent mineral resources similar to the Arrow Zone deposit. The Hornet and E zones have reported historic copper and zinc resources that have not been updated to 43-101 compliant standards. Drill-holes completed in the Copperlode area during the 2026 program includes holes testing some of these zones as well as holes targeting other targets defined by structural breaks, geophysics or areas of intense rock alteration. Drill-holes targeting the Copperlode zones (EL-26-011, EL-26-013, EL-26-014, EL-26-016, EL-26-019, EL-26-023 and EL-26-024) were designed to test a geological concept that emerged from compiled historic geological mapping together with recently modeled property geophysics. This concept indicates that the Copperlode zones are contained within an envelope of folded volcanic stratigraphy that are cross-cut by a pair of faults (CL-N and CL-S). Hole EL-26-012 was drilled to test the CL-S fault as well as an area intense VMS-style footwall wall-rock alteration. Similarly, hole EL-26-015 tested an area of documented intense VMS-style footwall alteration adjacent to an intrusive contact. In the northern part of this sector, hole EL-26-017 was drilled to test a conductor along strike of the historic Pipe Zone. Drill-holes targeting the D, E and Hornet zones were drilled well below the Maxwell plates models to test confirmation of fold geometry and depth continuity. The best result received for Copperlode is from hole EL-26-013 where an interval of 2.90% Zn, 1.15% Cu, 0.06 g/t Au and 13.30 g/t Ag over 7.67 metres core length was intersected 395 metres below surface in the Hornet Zone. This interval also contained elevated gallium (23.93 ppm Ga) and indium (26.77 ppm In). The other holes targeting this area intersected narrower intervals of lower-grade zinc (<3% Zn) and copper mineralization (<0.20% Cu) confirming mineralization continues within the interpreted geometry. Holes EL-26-011, EL-26-012 and EL-26-014 intersected either the CL-N or CL-S fault. No anomalous Zn, Cu, Au or Ag values from the drill program were associated with these structures. Geological observations from core logging noted these structures as moderate to intense silicification features later brecciated with clay-filled gouge suggesting either a protracted history for these structures in this area, or the faults are cutting an area of pre-existing syn-volcanic VMS alteration. Hole EL-26-011 noted an increase of aluminosilicates (staurolite and garnet) as well as the absence of magnetite towards the end of the hole which is spatially coincident with the edge of a prominent low magnetic feature between the two faults. Drill-hole EL-26-015 did not return any significant values for the same folded magnetic unit also tested by holes EL-26-012 and EL-26-014 south of the CL-S fault, although the strong VMS alteration noted from historic mapping is present throughout the hole. Hole EL-26-017 targeting a conductor on strike with the Pipe Zone intersected an anomalous copper-zinc interval at the top of the hole, but not at the targeted depth elevation corresponding to the Maxwell plate model. In the trend between the Arrow /Garnet and Copperlode areas, numerous VTEM conductors were modelled as Maxwell plates, but within the limited drilling window only a select few were drilled during the program.
