Metallic Minerals – High-Grade And Broad Intercept Drill Results From The Keno Silver Project

Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), joins us to review some of the final drill results from the 2021 exploration program that were released to the market on May 26th from the Keno Silver Project in the Yukon.  We discussed the dual nature of both the encouraging drill intercepts of high-grade narrow vein material in tandem with the wider intercept broad mineralization packages returned from the Formo target in Keno West, as well as the Caribou target in the Central Keno Area and from Keno East.  We review the big picture exploration strategy for 2022 as being focused on resource drilling with the plan to compile the last few years programs into a maiden resource for next year, but also balanced with true blue-sky discovery drilling at many of the prospective targets on their 35km mineralized trend.


Next we transitioned down to the exploration plans for 2022 at the La Plata project near Durango, Colorado.  There are 16 different potential copper-rich porphyry centers that the exploration team wants to test at La Plata, as well as following up on the higher-grade gold/silver epithermal vein systems, to continue making discoveries and adding to existing resources.  On April 26th, the Company released a NI 43-101 compliant Maiden Resource Estimate at the, that came in at  115.7 million tonnes at an average grade of 0.39% copper equivalent (0.35% Cu and 4.02 g/t Ag) using a 0.25% Cu Eq cut-off grade.  The company will be releasing the exploration plans for both the Keno Silver project and the La Plata project in the near future,


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Click here for a summary of the recent news out of Metallic Minerals.

    Jun 01, 2022 01:50 AM

    For GDX aficionados like me…Weekly showing the TAS profile as bearish…The TAS bottom is 30.05…Almost a slam dunk for a test…Whether that is rejected time will tell…but a good target for going long….imho…if the markets tank next week then gdx continues its trip down until the FED blinks?….

    Jun 01, 2022 01:29 AM

    Metallic; Good pop early on the news … then the algo of the day got them. Maybe they will finish good. I own and like them. Have to wait and see who and what surfaces in the miner area.

      Jun 01, 2022 01:07 PM

      Yes, nice tail end of 2021 drill results coming back in at Keno for Metallic both the high-grade and bulk tonnage intercepts, and looking forward to their team executing on one more year of drilling here in 2022, and then compiling the last few years of drilling into a maiden resource estimate for the Keno Silver project next year in 2023. I have shares in Metallic Minerals as well and have been following the story since their team took over the prior company on this land package – Monster Mining.

      The guys at Metallic have been doing a solid systematic approach to the exploration and I don’t believe the market is truly factoring in how many good pierce points they’ve put in the Keno Silver project over the last few years, nor the massive Copper resource they just unveiled down at La Plata in Colorado. There is lot’s of room with MMG for a re-rating much higher from current valuation levels.

    Jun 06, 2022 06:36 AM

    MMG had a very lacklustre drill program in 2021 at Keno.
    Hopefully,they get revenues going from the alluvials and the IP gives them the confidence of direction to drill a more robust program this year.
    MMG is not getting any value keeping these two major projects under one company.
    Split them up and reward your shareholders.