Metallic Minerals – High-Grade Silver Intercepts Returned From Keno Silver Project Building Towards Maiden Resource Estimate
Greg Johnson, CEO and Executive Chairman 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 exploration news from Metallic Minerals that was just released to the market on April 10th at the Keno Silver Project in the Yukon. There has been an ongoing 3,265 meter drill program focused on target extension drilling at the advanced-stage targets (Caribou, Formo and Fox) in anticipation of an inaugural NI 43-101 mineral resource estimate for the Keno Silver project later in 2023.
- Hole CH22-01 intersected two separate higher grade vein intervals within a broad zone of bulk tonnage mineralization. A 0.5 meter interval contained 348 (g/t) silver equivalent and another intercept of 0.5 m of 1,201 g/t Ag Eq bounding a zone of 34.2 m grading 38 g/t Ag Eq.
- The southernmost drilling at the Caribou target demonstrated a further extension with 1,310 g/t Ag Eq encountered over 0.5 m at a near-surface depth of 44 m in hole CH22-05.
Next we discussed the ongoing exploration work still underway at the La Plata Project in Colorado, that had an initial copper resource put out in April of 2022, but drilling last year showed significant amounts of silver, gold, and even platinum group elements that are contributing to a robust mineralized system, that could potentially host multiple porphyry clusters. The exploration team is in planning to get this year’s exploration program mapped out, with plans to start up drilling late May or early June.
We also revisited the production royalty agreement at its Australia Creek property in the Klondike Gold District of Canada’s Yukon Territory. This is with Little Flake mining, a company owned and operated by Parker Schnabel of Discovery Channel‘s top-rated television series, “Gold Rush.” Greg unpacks that mining will be starting in June on their first royalty deal in their Klondike Alluvial claims and this can expand into more royalties along their on 5 ½ miles of alluvial gold claims.
If you have any follow up questions for Greg on Metallic Minerals, or any of the Metallic Group of Companies, then please email me at Shad@kereport.com.
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Click here for a summary of the recent news out of Metallic Minerals.
Nice to see Silver back up around $26 again. It’s been bouncing on either side of it today.
Since the mining stocks usually track the moves in silver more so than gold, it is also interesting to note that most of the bigger gainers I’m seeing in my portfolio are in the gold stocks, even more so than the silver stocks.