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Total Metals Corp
Symbol TT
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Close 2026-06-26 C$ 0.255
Market Cap C$ 15,125,520
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Total Metals begins summer fieldwork program at Menary

2026-06-29 15:16 ET - News Release

Mr. Tyler Thorburn reports

TOTAL METALS COMPLETES SAMPLING AND MAPPING PROGRAM AT ITS HIGH-GRADE MENARY GOLD PROPERTY, NORTHWESTERN ONTARIO

Total Metals Corp. has begun its summer fieldwork program with initial property mapping and sampling work completed at the Menary gold property, located in Northwestern Ontario, 18 kilometres northeast of Coeur Mining's Rainy River gold mine. Planning and logistical preparation are under way for Total Metals other gold projects, including the High Lake and West Hawk Lake properties, which are expected to begin in the coming weeks.

Mapping and sampling campaign

A field crew contracted from Bayside Geoscience Inc. was sent to the project for a short six-day campaign to carry out initial mapping to confirm orientation of known vein zones on the property as well as evaluate linking trends apparent in geophysics and satellite imagery that may help establish a structural framework for controls on gold occurrences. A total of 83 vein and altered wallrock samples were collected, with 55 per cent of them noted as being mineralized or gossanous. Two quartz vein samples contained visible gold. Samples have been submitted for gold and multielement analysis with results pending.

Next steps

Results from the recently completed sampling and mapping campaign will be integrated together with geological and exploration data from previous operators to guide the next stage of exploration at Menary. An exploration drill permit application is under way. With good road access and reasonably dry ground, drilling at Menary can be done from early summer through to winter breakup.

Menary gold project

The property consists of 27 mining claims and one mining lease comprising an area of 276.5 hectares and is strategically located in the Kenora mining division of Ontario. The property shares a common southern boundary with claims owned by Coeur Mining Inc., contiguous with its Rainy River mine, one of the assets constituting part of an approximately $7-billion (U.S.) acquisition of New Gold Inc. that was completed on March 20, 2026.

Menary property highlights:

  • Galbraith A zone grab samples: Exceptional high-grade grab samples returned 8,120 grams per tonne gold, 1,885 grams per tonne gold and 1,400 per tonne gold, confirming the presence of bonanza-grade shoots.
  • Galbraith A channel sampling: Continuous channel sampling across the shear structure returned 243.00 per tonne gold over 1.0 metre and 45.38 per tonne gold over 1.0 metre, demonstrating width continuity of the high-grade zones.
  • Wagg zone drilling: Diamond drill hole MIN-11-18 intersected 16.99 per tonne gold over 6.3 metres (core length), identifying a new, previously unknown mineralized zone at depth.
  • Strategic location: The Menary property is located approximately 65 kilometres northwest of Fort Frances and borders the land package of the Rainy River mine. The recent acquisition of Rainy River by Coeur Mining validates the district as a premier North American mining jurisdiction.

Qualified person

Robert Penczak, MSc, PGeo (Ontario), vice-president of exploration for the company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information used in this news release.

About Total Metals Corp.

Total Metals is focused on developing and advancing its high-grade gold and critical mineral assets located in Eastern Canada. The Electrolode project is targeting high-potential critical mineral plus gold resources and targets in three favourable geologic trends, located near major mines in the Red Lake gold camp and is strategically located between Kinross Gold's Great Bear project and First Mining Gold's Springpole project. The Electrolode project is fully permitted for exploration drilling and hosts 10 historic mineralized zones with significant expansion potential plus new, untested targets ready for further exploration. Total Metals also owns 100 per cent of the High Lake and West Hawk Lake project covering 958 hectares in two gold properties located along the Trans-Canada Highway straddling the Manitoba/Ontario border. The Purdex zone on the High Lake property has significant exploration potential and will be the primary target for initial exploration and potential future mining activities. The West Hawk Lake property comprises a single mineral lease, located within southeastern Manitoba. The company has an option on the Menary gold property, strategically located in the Kenora mining division of Ontario, sharing a common southern boundary with the Rainy River claims being acquired by Coeur Mining Inc. following its approximately $7-billion (U.S.) acquisition of New Gold Inc. The most recent addition to the company is the Pick Lake property, consisting of 75 claims and a mining lease covering over 5,260 hectares, accessible through a road connected to the Trans-Canada Highway to the south. The Pick Lake critical minerals deposit has an average strike length of approximately 250 metres and a depth extension tested between 300 and 1,200 metres.

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