Metallic Minerals Corp Stock Price, News & Analysis

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.

Metallic Minerals has mobilized its exploration team for a significant 2021 drilling campaign at its 100% owned Keno Silver project in Yukon, Canada. The campaign will involve at least 10,000 meters of drilling, focusing on expansion drilling at advanced-stage targets and initial reconnaissance drilling at new multi-kilometer-scale targets. Following a successful 2020 program, this year's effort aims to complete 50-75 holes across the East, Central, and West Keno areas. Highlights include high-grade silver results from previous drilling, indicating potential for new discoveries.

Metallic Minerals reports positive drilling results from the Keno Silver project in Yukon. The program included 12 diamond drill holes totaling 2,674 meters, with significant high-grade silver intersections at both Formo and Silver Queen targets. Highlights include an intersection of 4.1m at 2,536 g/t Ag Eq and 2.15m at 740.6 g/t Ag Eq. CEO Greg Johnson emphasized the ongoing potential for expansion in mineralization and plans for a more extensive exploration program in 2021, fully funded and set to commence in late Q2.

Metallic Minerals has announced the results of its first drilling program in the East Keno area of the Keno Hill silver district. Soil sampling and geophysical surveys identified 12 anomalies indicating potential for large-scale mineralization. The program involved 30 shallow reverse circulation holes totaling 2,644 meters, confirming high-grade mineralization. Significant intercepts included silver grades exceeding 1,400 g/t AgEq. The company plans follow-up drilling in 2021 to explore further.

Metallic Minerals (TSXV:MMG, OTC PINK:MMNGF) has completed its 2020 field exploration programs in the Keno Hill silver district and surrounding properties, drilling a total of 5,318 meters across 42 drill holes. The exploration included both reverse circulation and diamond drilling, expanding the area of potential high-grade silver discovery by approximately 10 kilometers. Notable geological observations suggest the presence of multiple mineralized zones. The company anticipates assay results and further announcements regarding its La Plata project in Q1 2021.

Metallic Minerals Corp. (OTC PINK:MMNGF) has successfully completed a $3 million non-brokered private placement, issuing 3,896,104 flow-through common shares at $0.77 per share. The funds will be directed towards exploration at its high-grade Keno Silver project in the Yukon. Additionally, a shareholder rights plan has been adopted to protect shareholders in potential takeover bids, requiring approval at the next annual meeting. The rights will automatically attach to common shares, enhancing shareholder equity in case of non-compliance with the plan.

Metallic Minerals Corp. (TSXV:MMG)(US OTC:MMNGF) has partnered with GoldSpot Discoveries Corp. to utilize machine learning technology for exploration at the Keno Silver project in Yukon, Canada. This collaboration aims to enhance the efficiency of mineral exploration by analyzing geological data across multiple targets. The ongoing exploration program includes advanced drilling in the Keno Hill silver district, focusing on expanding known silver mineralization and exploring new targets. The project leverages GoldSpot's expertise to prioritize valuable exploration areas.