Metallic Minerals – Gold Royalty Agreement At Australia Creek Property In the Klondike With Parker Schnabels Little Flake Mining Of Discovery Channels TV Series Gold Rush
Greg Johnson, CEO of Metallic Minerals (TSX.V:MMG – OTCQB:MMNGF), and Chairman of the Metallic Group of Companies, also including Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF) and Granite Creek Copper (TSX.V:GCX – OTCQB:GCXXF), joins us to recap the news on Metallic Minerals that was just released to the market on January 24th. The Company announced signing a production royalty agreement on 5 ½ miles of alluvial gold claims at its Australia Creek property in the Klondike Gold District of Canada’s Yukon Territory, with Little Flake mining, a company owned and operated by Parker Schnabel of Discovery Channel‘s top-rated television series, “Gold Rush“.
Greg unpacks what this first royalty deal in their Klondike Alluvial claims with Little Flake mining, could mean as far as income revenues to the company to help fund more exploration and operations. With 4 more claims and projects already permitted in the area, and a goal of upwards of 7 different potential projects, each with a targeted 10%-15% royalty, and other private operating companies to do the actual gold mining, then this could grow into a basket of royalties and become significant revenue center. We also discuss the potential optionality for Metallic Minerals shareholders as eventually, the Company executes on bringing on a basket of alluvial projects and royalties, then it could even be monetized to another royalty company or even spun out into a new alluvial-focused royalty company.
We also review some key news from 2022 and the overall 2023 work strategy building towards a maiden resource at the Keno Silver Project in the Yukon, as well as the exploration and resource expansion at the copper and precious metals La Plata Project in Colorado.
We wrap up by having Greg also highlight the recent Preliminary Economic Assessment (PEA) just announced last week from Granite Creek Copper at their Carmacks project in the Yukon, and also the recently announced expanded and material increase to the size of the Stillwater West updated Resource Estimate at Stillwater Critical Minerals.
If you have any follow up questions for Greg on Metallic Minerals, or any of the Metallic Group of Companies, then please email us at either Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Metallic Minerals and Stillwater Critical Minerals