Welcome to our dedicated page for Metallic Minerals news (Ticker: MMNGF), a resource for investors and traders seeking the latest updates and insights on Metallic Minerals stock.
Metallic Minerals Corp. reports exploration and development updates for a portfolio of copper, silver, gold, platinum group element and critical minerals assets in North America. The company’s recurring news centers on the La Plata project in southwestern Colorado, including NI 43-101 mineral resource estimates, technical reports and process research on copper-silver-gold-PGE sulphide mineralization.
Company updates also cover high-grade silver exploration at the Keno Silver project in Yukon, alluvial gold claims and production royalty partnerships in the Yukon, and portfolio actions involving non-core properties. Additional announcements include exploration planning, mineral resource work, strategic investment context, and industry presentations tied to its U.S. and Canadian mineral projects.
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Metallic Minerals Corp. (MMNGF) has announced the final results from its 2022 exploration program at the Keno Silver project in Yukon, Canada. The program included 642 meters drilled across six holes, focusing on the Caribou target. Notable highlights include:
- Drilling extended high-grade silver mineralization, with hole CH22-01 reporting 1,201 g/t silver equivalent over 0.5 m.
- The Caribou area's potential is emphasized, showing consistent high grades exceeding 1,000 g/t Ag Eq.
- SGS Geological Services has been retained to complete the inaugural mineral resource estimate, anticipated later in 2023.
This successful drilling program positions the company for further exploration and resource estimation, contributing to shareholder value.
Metallic Minerals announces promising results from its 2022 exploration program at the La Plata project in Colorado, drilling two holes totaling 1,730 meters. Notably, hole LAP22-04 intercepted a record 816 meters grading 0.41% Recovered Copper Equivalent (CuEq), marking one of North America's top copper intersections in recent years. The findings indicate new high-grade gold-platinum-palladium mineralization, previously unrecognized in the area. The resource shows potential for significant expansion, with an updated NI 43-101 mineral resource estimate expected soon. The U.S. Forest Service has authorized further exploration drilling in 2023.
Metallic Minerals Corp. (TSXV:MMG, OTCQB:MMNGF) announced its participation in the inaugural Yukon Mining Alliance Invest Yukon Core Shack at the PDAC convention in Toronto from March 5-8, 2023. The Company will showcase core samples from its Keno Silver project in Yukon and the La Plata Copper-Silver project in Colorado. Additionally, President Scott Petsel will present at a silver-focused investors forum on March 6. Metallic Minerals is also sponsoring the Invest Canada North reception on the same day, connecting investors with mining opportunities in Canada's North.
Metallic Minerals Corp. (MMNGF) announced promising results from its 2022 Keno Silver project exploration in Yukon. The program involved 3,265 meters of drilling over 23 holes, primarily focusing on the high-grade Formo target. Significant findings include 40 high-grade samples exceeding 100 g/t silver equivalent, with notable intersections like 0.54 m at 2,291 g/t Ag Eq. The company aims to prepare an inaugural NI 43-101 resource estimate in 2023. Additionally, 1,490,000 stock options were granted to directors and employees, exercisable at $0.23 per share. Metallic expects further drill results from Keno and La Plata projects soon.
Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF) announced a production royalty agreement with Little Flake Mining, owned by Parker Schnabel of Discovery Channel's Gold Rush. The agreement covers 5.5 miles of alluvial gold claims at the Australia Creek property in the Klondike Gold District, Yukon. Little Flake will extract gold, and Metallic Minerals will receive a percentage of production. The deal aims to capitalize on the recent gold discoveries in the area, with production expected to commence by June 2023. Little Flake is committed to a $1 million annual work commitment and royalty payments based on gold production.