Metallic Minerals – Exploration Strategy To Expand Copper Resources At The La Plata Project

Scott Petsel, President of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), joins us to outline the exploration strategy for 2022 to expand the copper resources and make new discoveries at the La Plata Project near Durango, Colorado.   Earlier this year the Company announced the NI 43-101 compliant Maiden Resource Estimate at 985 million lbs of copper, 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 goal of this 3,000 meter drill program is to step out 100 to 150 meters from the Allard Target to keep expanding the inferred resource; but also to test a number of new potential copper porphyry  targets, to see what other systems may be present across the large consolidated land package. The main focus of drilling at La Plata has been at the Allard target and even inside the Allard Tunnel, but because porphyries occur in clusters, the exploration team also is optimistic that more porphyry centers will be found with 16 other targets identified from prior geophysics studies.


Next we transition over to the Keno Silver Project in the Yukon, discussing the ongoing 3,000 meter drill program at the Central Keno Area at the Caribou and Formo targets, as well as the big picture exploration strategy for 2022 with more drilling at Caribou, Homestake, and Keno East that show promise at depth. We wrap up with the financial strength of the company, with $7 million in the treasury as of the end of Q2, after recent private placements and flow through capital was raised earlier in the year.


If you have any follow up questions for Scott on Metallic Minerals, then please email us at either or



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

1 Comment
    Aug 10, 2022 10:08 PM

    (MMG) (MMNGF) Metallic Minerals kicks off busy 2022 exploration program at Keno Silver Project

    Proactive Investors – Jul 15, 2022

    “Metallic Minerals President Scott Petsel joined Steve Darling from Proactive to share news the company has started the 2022 field season at the Keno Silver Project in Yukon.”

    “Petsel telling Proactive the company is looking to drill at least 3000 metres looking to target multiple advanced-stage areas including Formo, Caribou and Fox in the West Keno and Central Keno areas. The plan also calls for step-out holes and some aerial geophysics.”