Articles , , , ,

Total Metals (TSXV: TT): Newly Listed High-Grade Polymetallic Resource Play

Total Metals Corp. (TSXV: TT) is a brand-new listing trading for only $0.66 per share with a market cap of less than CAD$20 million. Their flagship Electrolode Project has high-grade polymetallic resources near Red Lake, Ontario and the company is in the process of acquiring High Lake and West Hawk Lake, two of the highest-grade gold projects in Canada by drill intercepts and resource grades.

Electrolode Project — Property Geology & Mineralized Zones

Total Metals controls the 100%-owned Electrolode Project in the prolific Red Lake District, Ontario. The property hosts multiple VMS-style copper–zinc systems overprinted by precious-metal bearing structures, offering both base and precious metal discovery potential.

Key Geological Highlights

  • Arrow Zone — NI 43-101 (2024) inferred resource: 2.1 Mt @ 0.66% Cu, 4.75% Zn, 0.66 g/t Au, 17.7 g/t Ag.
  • Arrow Zone — high-grade core: ~490,000 t @ 1.35% Cu, 17.87% Zn, 0.86 g/t Au, 36.1 g/t Ag.
  • D-Zone (DDH #29): 10.0 g/t Au, 1.75% Cu, 0.86% Zn, and 240.6 g/t Ag over 3.4 m.
  • E-Zone (on-strike to D-Zone): historic resource of 1.08% Cu, 8.28% Zn, 0.39 oz/t Ag.
  • Hornet Zone: best intercept reported: 1.13% Cu, 4.07% Zn, 611 ppm Ag.
  • Recent geophysics: identified five new high-priority targets (Upper New 1–3, South Ext, D Ext) along VTEM conductors.
Exploration Upside: Strong VTEM conductors + historic high-grade zones + unsampled quartz-vein intervals create a robust pipeline of discovery targets. TT’s 2025 program is designed as low-cost groundwork to set up a high-impact 2026 drill campaign.
Electrolode Project Geology and Mineralized Zones
Property geology and mineralized zones at Electrolode, including Arrow, D, E, Hornet and newly prioritized targets.

Historical Exploration Overview — Electrolode

Background: Legacy Noranda work and implications for gold potential.

  • Exploration focus: Noranda pursued VMS targets across Canada, prioritizing Cu/Zn.
  • Methodology bias: Sampling emphasized massive sulphides; stringer sulphide + quartz-vein zones were often not assayed for gold.
  • Great Bear precedent: Noranda’s 1993 P-93-1 intersected the LP Zone at Great Bear but was not assayed for Au at the time.

Current Work — Total Metals (TSXV: TT)
TT is re-logging and sampling Noranda’s previously unassayed core at Electrolode; 1997 logs document quartz veining in unsampled intervals—prime candidates for gold.

Excerpt from Noranda drill log CL97-25 showing unsampled mineralization
Historic Noranda drill log CL97-25 (1997) highlighting unsampled mineralization across ~17 m of core that may host gold.

The significance of Noranda’s overlooked LP Zone at Great Bear was realized decades later: the same horizon underpins the Great Bear Gold Project, acquired by Kinross Gold in 2022 for ~CAD $1.8B. This precedent supports TT’s strategy to re-evaluate Noranda’s work at Electrolode.

Strategically positioned between Kinross’s Great Bear and First Mining’s Springpole, TT is executing a low-cost program aimed at delivering a near-term catalyst ahead of 2026 drilling.

Team: Tim Twomey, P.Geo (Red Lake veteran; contributor to Goldcorp’s High-Grade Zone) leads exploration; Michael Dehn (30+ yrs, ex-Goldcorp Red Lake Senior Geologist) serves as Executive Chairman, pairing technical depth with disciplined execution.

High Lake & West Hawk Lake Acquisitions

Alongside Electrolode, TT is acquiring two high-grade gold assets along the Ontario–Manitoba border: High Lake and West Hawk Lake.

Selected High Lake Drilling Highlights:

  • MLHL-22-06: 24.96 g/t Au over 14.9 m
  • MLHL-22-17: 148.37 g/t Au over 1.3 m
  • MLHL-22-45: 9.20 g/t Au over 26.4 m
  • MLHL-22-40: 6.14 g/t Au over 24.55 m
  • MLHL-22-12: 13.52 g/t Au over 6.5 m
  • MLHL-22-28: 9.82 g/t Au over 9.75 m
High Lake gold zones and drill intercepts
3D model of High Lake showing zones (A, B, C) and highlighted intercepts, including 148.37 g/t Au over 1.3 m.

NI 43-101 resource at High Lake: indicated 45,800 oz gold @ 9.38 g/t and inferred 96,200 oz gold @ 10.43 g/t.

Location map of High Lake and West Hawk Lake
Location of High Lake and West Hawk Lake along the Ontario–Manitoba border.

West Hawk Lake hosts a high-grade non-43-101 historical resource of 204,292 oz gold @ 13.90 g/t.

Historical resources table for High Lake and West Hawk Lake
Historical resource summary for High Lake and West Hawk Lake.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from TT of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.

Tag

Related NIA Alerts