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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.