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Overview of Metallic Minerals Corp
Metallic Minerals Corp is a resource-stage mineral exploration company dedicated to the discovery, expansion, and development of significant mineral deposits across top mining jurisdictions in North America. Focused on copper, silver, gold, and platinum group elements (PGEs), the company employs a systematic, entrepreneurial approach to identify and advance projects with the potential to host large-scale porphyry systems and high-grade deposits.
Core Business and Operations
The company operates through a dual jurisdiction strategy. In the United States, its La Plata project in southwestern Colorado features a district-scale porphyry copper-silver system with extended mineralization zones and multiple high-priority targets. In Canada, the Keno Silver project in the Yukon Territory benefits from a rich legacy of high-grade silver production and is situated adjacent to established operations, offering a clear infrastructure advantage. Metallic Minerals supports its exploration initiatives with rigorous technical reports prepared under NI 43-101 standards, ensuring transparent and reliable resource estimates.
Exploration Strategy and Technical Expertise
Metallic Minerals leverages advanced geologic mapping, hyperspectral data acquisition, and systematic drilling campaigns to expand its mineral resource base. With a team experienced in both technical evaluations and large-scale project financing, the company uses strategic partnerships and equity investments to accelerate project advancement. The technical expertise is evident in the detailed resource estimates and extensive exploration programs undertaken at both its La Plata and Keno Silver projects.
Strategic Partnerships and Competitive Position
Through collaborations with established industry players, Metallic Minerals enhances its project assessments and operational viability. Such partnerships, including those with major mining entities that contribute technical support and investment, help solidify its position in competitive mining districts. The company differentiates itself through a balanced focus on methodical exploration, efficient resource expansion, and adherence to stringent disclosure standards, thereby building a trusted reputation among stakeholders.
Infrastructure and Market Advantages
Each project is located in regions with historical mining activity and readily available infrastructure. With access to power, road networks, and modern logistical support, the assets of Metallic Minerals are well-positioned for accelerated exploration. The underlying geological frameworks of the La Plata and Keno Silver districts further underpin the company’s strategic advantages, making these well-established mining corridors attractive for resource development.
Business Model and Value Proposition
Metallic Minerals Corp creates shareholder value by methodically identifying promising exploration targets and converting them into robust resource portfolios. Its business model is underpinned by systematic resource growth, timely technical diligence, and the ability to design exploration campaigns that are both cost-effective and capable of uncovering new mineralized zones. The firm’s commitment to maintaining high standards in technical reporting and sustainable development practices reinforces its market credibility.
Summary
In summary, Metallic Minerals Corp is a focused and technically proficient exploration company, actively expanding its portfolio across strategically important mining districts in North America. With projects that are supported by extensive technical studies and robust infrastructure, the company stands as a knowledgeable participant in the competitive resource development landscape. Investors and industry observers can appreciate the company’s detailed exploration programs, its adherence to high-quality reporting standards, and its strategic approach to uncovering and leveraging mineral wealth.
Metallic Minerals has announced its inaugural NI 43-101 mineral resource estimate for the La Plata project, which includes the Allard copper-silver porphyry deposit. The estimate reveals 115.7 million tonnes of resource at an average grade of 0.39% copper equivalent (0.35% Cu and 4.02 g/t Ag), equating to 889 million pounds of copper and 14.975 million ounces of silver. The deposit remains open to expansion and is located in a historically productive mining district. Upcoming exploration plans aim to further define and expand this resource.
Metallic Minerals announced further exploration results from its Keno Silver project in Yukon, Canada. The 2021 field program included drilling, mapping, and soil sampling, revealing silver mineralization in 10 of 12 holes. Key highlights include:
- 24 high-grade intervals over 100 g/t Ag Eq, with a peak of 1,049 g/t Ag Eq.
- Notable broad zones of continuous mineralization, including 112.8 m of 36.5 g/t Ag Eq.
- Identification of new conductive features for further exploration.
Excitement builds for the 2022 season with targeted core drilling expected to advance resource definitions.
Metallic Minerals has announced the granting of 1,590,000 stock options to insiders, directors, and employees, subject to TSX Venture Exchange approval. Each option, exercisable at $0.41 (the closing market price on March 29, 2022), can be converted into a common share over five years and comes with specific vesting requirements. The company is focused on high-grade exploration projects in North America, particularly in the Keno Hill, La Plata, and Klondike regions, aiming to enhance shareholder value through systematic exploration.
Metallic Minerals announces the appointment of Scott Petsel as President, effective immediately. Previously Vice President of Exploration, Petsel brings over 34 years of experience in mineral exploration, particularly in precious and base metals. His expertise includes significant projects in Yukon, Alaska, and British Columbia. Chairman and CEO Greg Johnson expresses confidence in Petsel's capability to drive shareholder value and lead the company through a pivotal year with upcoming resource estimates and exploration activities. Metallic Minerals focuses on high-grade silver, gold, and copper projects.
Metallic Minerals has announced the final results of its 2021 exploration program at the La Plata silver-gold-copper project in Colorado. The primary goal of confirming mineralization tenor was achieved, with significant drill results from 56 holes totaling 15,200 meters. Notable findings include drill hole LAP21-01 intersecting 380.39 m of 0.27% Copper Equivalent and drill hole LAP21-02 with 416.28 m of 0.28% CuEq. A National Instrument 43-101 compliant resource estimate is underway, with results expected soon. The company aims to expand the known mineralized system through ongoing exploration efforts.
Metallic Minerals (MMNGF) reports promising drill results from its Central Keno target area, indicating significant high-grade silver mineralization. A total of 2,965 meters were drilled across 37 reverse circulation holes, revealing positive findings at the Caribou target, which is now a priority for resource definition. Key highlights include multiple high-grade silver intervals, with notable intersections like 27.4 meters at 146 g/t AgEq. The company aims for a robust exploration campaign in 2022, leveraging new structural insights that could significantly enhance overall resource potential.
Metallic Minerals has successfully completed its 2021 exploration activities at the La Plata silver-gold-copper project in Colorado. The program included 1,980 meters of diamond drilling and advanced AI technology from Goldspot Discoveries to identify 16 new mineral targets. Drilling confirmed historical mineralization, indicating a potentially significant increase in the resource size. Surface sampling expanded the mineralized zone to 6 km by 1.5 km, with notable assay results pending. This marks a critical step towards a NI 43-101 compliant resource estimate.
Metallic Minerals (OTCQB: MMNGF | TSX.V: MMG), based in Vancouver, announces that CEO Greg Johnson will present live at VirtualInvestorConferences.com on December 8, 2021, at 3:30 PM ET. This online event invites investors to engage with the company in real-time, with an archived version available post-event.
Recent highlights include the completion of the largest drilling program on the Keno Silver project, with assays pending, and upcoming drill results from the La Plata project expected in early Q1 2022.
Metallic Minerals has successfully completed its 2021 exploration programs at the Keno Silver project in Yukon, Canada, comprising over 6,200 meters of drilling and advanced geophysical surveys. Key objectives included expanding drill-defined mineralization and identifying new targets for future exploration. The project is strategically located adjacent to major mining operations, with nearly 300 million ounces of silver in past production. Significant forthcoming news flow is anticipated as assay results and updates on various projects are expected soon. Investor support is demonstrated by Eric Sprott's recent exercise of warrants generating $1.56 million CDN.
Metallic Minerals (OTCQB:MMNGF) announces notable advancements in its alluvial gold operations in the Klondike gold district, Yukon. The company holds leases on four claim blocks, currently at the development stage. Bulk sample testing is underway, expected to yield royalty payments. Significant sonic and auger drilling has defined broad gold zones, with further drilling planned later this year. Heavy equipment is ready to process gold-bearing material through a wash plant. The company aims to enhance shareholder value through systematic exploration and development.
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