09:09 AM EST, 11/17/2025 (MT Newswires) -- Metalsource Mining ( SFRIF ) , which lost near 7% last Friday, said earlier Monday that it entered into a drilling contract with Boart Longyear, that will be mobilizing to the company's flagship properties in North Carolina, Silver Hill & Byrd Pilot, in the first week of December.

The company said Boart Longyear will complete a minimum of 2,000 metres of core drilling to test high-priority target zones which will be identified through mapping, sampling, geophysical and historic work.

"Securing Boart Longyear for our inaugural drill program is an important milestone for MetalSource," said Metalsource Mining ( SFRIF ) chief executive Joe Cullen. "We are extremely excited to begin testing these priority targets, and we look forward to updating shareholders once the drill crew arrives on site and drilling is ready to commence."

Shares of the company closed down $0.03 to $0.41 on Friday on the Canadian Securities Exchange.