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Metalsource Mining is advancing the Silver Hill Project in North Carolina, widely recognized as the first silver mine in United States history.
But this is not just a historic mine story. Modern drilling is now testing whether Silver Hill represents a much larger silver-gold-polymetallic system than previous generations ever understood.
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Silver Hill was discovered in 1838 and opened in 1839, decades before many of the famous western silver camps became known.
The old-timers proved the system existed. They produced silver, gold, lead, zinc, and copper from one of America’s earliest hard-rock mining districts.
Now, Metalsource is applying modern drilling, 3D modeling, geophysics, and systematic exploration to answer the question that matters most:
Silver Hill is one of the most historically significant silver projects in the United States. The project sits at the intersection of American mining history, precious metals exposure, and modern domestic resource development.
This gives Metalsource a rare market identity: America’s first silver mine, now being rediscovered with modern exploration.
Modern drilling has already delivered results that have put Silver Hill back on the map. Reported intercepts include:
These are early results from a modern exploration campaign at a historic mine that has seen limited systematic modern work for more than a century.
*AgEq and AuEq are theoretical equivalent grades calculated by Metalsource using 200-day moving average metal prices as of February 6, 2026 (in USD: Au $124.5/g, Ag $1.58/g, Cu $4.9/lb, Pb $0.90/lb, Zn $1.11/lb). Equivalent grades assume 100% metallurgical recovery; no metallurgical testwork has been completed. Reported widths are core lengths. Exploration results are preliminary and the Silver Hill Project does not have a current NI 43-101 compliant mineral resource estimate. See the Company’s news releases dated March 11, April 13, April 16 and June 10, 2026 for complete results and assumptions.
Silver Hill is not a single-metal story. The system contains:
That matters because the modern results are showing a broader polymetallic system, where silver and gold are supported by meaningful base metal values.
In SH26-08, one 3.1 metre interval contained approximately 53% combined lead and zinc, highlighting the potential contribution of multiple payable metals.
Silver Hill is located entirely on private land in Davidson County, North Carolina. The project has:
In a market where many exploration projects face land access, permitting, social, and infrastructure challenges, Silver Hill’s private-land position is a major strategic advantage.
The opportunity at Silver Hill is still early. The first modern drill results have already demonstrated grade, width, and polymetallic value. The company continues to advance exploration with additional assays, step-out drilling, geophysics, 3D modeling, and resource planning as key catalysts.
Potential upcoming catalysts include additional assay results, step-out drilling, strike and depth extensions, new target testing, geophysical interpretation, 3D geological modeling, metallurgical studies, resource planning, and district-scale exploration.
This is not a single-news-release story. It is a developing exploration campaign with multiple opportunities to create value through discovery, expansion, and definition.
Famed mining investor Eric Sprott has established a meaningful ownership position in Metalsource Mining, participating in multiple financings since October 2025.
For investors, this provides important third-party validation from one of the most recognized names in precious metals investing.
While exploration success is never guaranteed, early support from sophisticated mining investors can help bring credibility and attention to emerging discovery stories.
The United States is increasingly focused on domestic resource security, critical mineral supply chains, and reduced reliance on foreign sources of strategic metals.
Silver Hill fits directly into that conversation. It is a U.S.-based silver, gold, lead, zinc, and copper project on private land, with historic production, modern high-grade drill results, and a growing exploration thesis.
Metalsource is advancing one of the most unique silver-gold-polymetallic stories in the U.S. junior mining market. Download the presentation to review:
Silver Hill is historic, but the opportunity is modern.
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