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Metallica Metals Corp. announced assay results from drill holes STR21-005 to STR21-015 at its Starr Gold-Silver Project in Ontario. The results confirm high-grade gold and silver mineralization, particularly in drill hole STR21-015, which reported 3.1 m of 1.98 g/t Au and 4.83 g/t Ag. The drilling continues to affirm the potential of both the Starr Central Zone and Powell Zone, where further exploration is planned. Notably, 30 drill holes have now been completed across the project. The CEO expressed optimism about the findings, citing favorable conditions for exploration.
Metallica Metals Corp. has announced its common shares are now listed on the OTCQB Venture Market under the symbol MTALF, effective February 17, 2022. This listing enhances accessibility for U.S. investors and complements the company's DTC eligibility. The OTCQB is recognized for providing public information and visibility for emerging companies. Metallica also trades on the Canadian Securities Exchange (CSE: MM) and the Frankfurt Stock Exchange (SY7P). The company focuses on exploring gold-silver and PGM properties in Canada.
Metallica Metals Corp. (CSE: MM, OTC: MTALF) has entered into an agreement to sell the MAX Molybdenum and Mill Project to Mega Moly Mining Corp. for $120,000 in cash and 150,000 common shares, representing a 15% stake in Mega Moly. This transaction allows Metallica to refocus on its gold and PGM properties in Canada. The MAX Project, an advanced molybdenum asset with rising demand, is expected to be advanced by Mega Moly's experienced team. Closing of the deal is anticipated by August 13, 2021.
