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About Metallic Minerals Corp (MMNGF)
Metallic Minerals Corp (OTCQB: MMNGF) is a resource-stage mineral exploration company specializing in the discovery, development, and advancement of high-value precious and base metal projects in North America. The company operates in two of the most prolific mining regions: the historic Keno Hill silver district in Canada's Yukon Territory and the La Plata copper-silver-gold-platinum group element (PGE) district in southwestern Colorado.
Core Business Model and Operations
Metallic Minerals employs a systematic and entrepreneurial approach to mineral exploration, focusing on expanding resources and advancing projects toward development. Its business model hinges on leveraging decades of technical expertise, strategic partnerships, and state-of-the-art exploration techniques to identify and develop tier-1 mineral assets. The company generates value through resource expansion drilling, systematic exploration campaigns, and the development of royalty-based revenue streams from alluvial gold projects in the Yukon.
Flagship Projects
- Keno Silver Project (Yukon, Canada): Metallic Minerals holds the second-largest land position in the historic Keno Hill silver district, adjacent to Hecla Mining's operations. The district is renowned for its high-grade silver production, with over 300 million ounces of past production and current measured and indicated resources. The company's inaugural resource estimate added 18.2 million ounces of silver equivalent in 2024, with significant potential for further resource expansion and new discoveries across its 171 km² property.
- La Plata Project (Colorado, USA): This district-scale project features a significant porphyry copper-silver resource, with an NI 43-101-compliant estimate of 1.2 billion pounds of copper and 17.6 million ounces of silver. The project also shows strong potential for gold, platinum, and palladium mineralization, supported by extensive geophysical and geochemical data. The U.S. Geological Survey has identified the La Plata mining district as a critical minerals resource area, further underscoring its strategic importance.
- Alluvial Gold Royalty Portfolio (Yukon, Canada): Metallic Minerals is one of the largest holders of alluvial gold claims in the Yukon. The company collaborates with experienced operators to generate royalty revenue while advancing its broader exploration objectives.
Competitive Positioning
Metallic Minerals distinguishes itself through its strategic land holdings in high-grade mining districts with existing infrastructure, including road and power access. Its partnerships with major industry players, such as Newmont Corporation, provide technical expertise and financial backing for advancing key projects. The company's leadership team brings a proven track record of discovery, permitting, and project financing, further strengthening its position in the competitive mining sector.
Industry Context and Market Relevance
The demand for precious and base metals, particularly silver, copper, and critical minerals like platinum group elements, continues to grow due to their essential roles in renewable energy, electrification, and industrial applications. Metallic Minerals' focus on these commodities aligns with global trends, positioning the company to capitalize on the increasing need for sustainable and ethically sourced mineral resources.
Commitment to Responsible Development
Metallic Minerals is committed to responsible and sustainable resource development. The company actively engages with local communities, First Nations, and Tribal groups to ensure its projects are developed in a socially and environmentally responsible manner. Its operations adhere to stringent regulatory standards, including NI 43-101 compliance, to maintain transparency and trust with stakeholders.
Conclusion
With its focus on high-potential mining districts, strategic partnerships, and a systematic approach to exploration, Metallic Minerals Corp represents a compelling opportunity in the resource exploration sector. The company's expertise, combined with its significant land holdings in North America's most prolific mining regions, positions it as a key player in the discovery and development of critical and precious metal resources.
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.
Metallic Minerals (OTCQB: MMNGF) will present live at VirtualInvestorConferences.com on July 29, 2021, at 2:30 PM ET. The company is currently drilling at its flagship Keno Silver project in Yukon, Canada, and the La Plata copper-silver-gold project in Colorado, USA. Investors can participate in real-time Q&A during the event. Pre-registration is recommended. Key highlights include a drilling target of at least 12,000 meters for 2021 and the addition of new production royalty leases in the Klondike gold district.
Metallic Minerals has initiated a 2,000-meter diamond core drilling program at the La Plata silver-gold-copper project in Colorado. This first phase aims to confirm mineralization in a historically rich porphyry system, a step towards a new NI 43-101 compliant resource estimate. The project encompasses 33 km2 and features significant copper, silver, and gold mineralization with historical production surpassing 1,000 g/t silver and 15 g/t gold. Preliminary drill results indicate strong potential for expansion, with the company targeting additional discoveries.
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