Metals One (MET1) has put out a tender for a drilling contractor to provide services for a 2,000 metre, 10-hole diamond core drill programme at the company's Hammaslahti copper-zinc project in Finland.
The planned drill programme will focus on E-lode, a key target at the project, as well as a greenfield area directly to the north of E-lode. Pending award of the contract and confirmation of rig availability, Metals One intends to commence drilling activities later this year.
The Hammaslahti copper-zinc project is prospective for VMS mineralisation and contains the historical Hammaslahti mine which produced over seven million tonnes of ore at an average grade of 1.16% copper, 1.55% zinc, 0.59 grams per tonne gold and 5.2 g/t silver between 1973 and 1986.
Recent drilling by the previous owners identified previously unknown extensions to the Hammaslahti mine mineralisation, with multiple intersections of high-grade massive sulphides.
Examples of this extensional mineralisation include 3.4 metres at 11.5% copper and three parts per million gold. The most recent diamond drilling programme in 2023 was successful in intersecting sulphide mineralisation in each of the eight holes drilled, with one occurrence at only 75 metres depth.
"We are looking forward to commencing work at Hammaslahti, one of our two new Finnish copper projects, and are currently in the process of securing an experienced drilling contractor to assist with the drill programme,” said Jonathan Owen, chief executive of Metals One.
“Reinterpretations of geophysical and geological data show significant potential for new VMS mineralisation which this drilling programme intends to test."
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Metals One has shown signs of reinvigoration as 2025 has got underway, with new money, new projects, and a new appetite for activity. This tender marks the latest development in that trend, and may mark the beginning of a period of positive newsflow from the company.