Metallic Minerals Corp. announces that, pursuant to its Investor Rights Agreement dated May 18, 2023 with Newmont Corporation , Newmont has elected to exercise its 'top-up right' to purchase additional common shares in order to maintain its 9.5% interest in Metallic Minerals. Under the terms of the IRA, Newmont will purchase an aggregate of 342,750 common shares at a price of $0.33 per share to adjust for certain non-cash [...]
Metallic Minerals Corp. is pleased to announce final results from the 2023 drill campaign at the Company's La Plata copper-silver-gold-Platinum Group Element project in southwestern Colorado, which finished in December. The exploration program included 4,530 meters in four diamond drill holes with the dual objectives of expanding on the 1.21-billion-pound copper and 17.6-million-ounce silver inferred mineral resource1 [...]
Metallic Minerals Corp. is pleased to report that, further to its news release dated February 26, 2024, it has filed on SEDAR a National Instrument 43-101 technical report entitled "Mineral Resource Estimate for the Keno Silver Project, Yukon, Canada", with an effective date of February 1, 2024. Scott Petsel, President of Metallic Minerals, stated, "The inaugural resource, which defined 18.16 million ounces of silver [...]
March 14, 2024 - Vancouver, BC - Metallic Minerals Corp. is pleased to announce that Dr. M. Stephen Enders has been appointed to the Company's Board of Directors. Steve brings over 47 years of experience in mineral exploration and mining, working on some of the world's most significant copper and gold deposits. Steve is a major addition to the Metallic team and the Company looks forward to his invaluable contributions to [...]
Metallic Minerals Corp. is pleased to announce the first National Instrument 43-101 mineral resource estimate on the Company's Keno Silver project, adjacent to Hecla Mining's high-grade operations in the iconic Keno Silver District of Canada's Yukon Territory. The combined underground and in-pit total resource estimate from four separate deposits comprises an Inferred Resource of 2.5 million tonnes at 223 grams per tonne [...]
Metallic Minerals Corp. is pleased to announce results from its fall 2023 exploration drilling campaign at the Company's 100%-owned, 171 square kilometer Keno Silver project, adjacent to Hecla Mining in the high-grade Keno Hill silver district of Canada's Yukon Territory. The 2023 exploration program included 1,112 meters in four diamond drill holes focused on expansion of the Formo target in the West Keno area, which is [...]
Metallic Minerals Corp. is pleased to announce the completion of 2023 field activities at the Company's La Plata copper-silver-gold-PGE project in southwestern Colorado, USA. The 2023 exploration program included 4,530 meters in four diamond drill holes focused on expanding the current mineral resource and testing extensions of strong porphyry-style mineralization encountered in 2022 drill hole LAP22-04. LAP22-04 [...]
In this segment of The Ellis Martin Report we speak with Scott Petsel, President of Metallic Minerals Corp. . We discuss both the La Plata Copper-Silver-Gold-PGE Project in South-western Colorado as well as the Keno Silver Project with a gold royalty in Canada's Yukon Territory. Is this company a potential acquisition for major's nearby in both jurisdictions? You be the judge. To Listen to the Interview, please visit [...]
Metallic Minerals Corp. is pleased to announce the completion of field activities at the Company's 100%-owned, 166 square kilometer Keno Silver project, adjacent to Hecla Mining in the high-grade Keno Hill silver district of Canada's Yukon Territory. The 2023 exploration program included 1,112 meters in four diamond drill holes focused on resource expansion at the Formo target, the highest-grade and largest target area to [...]
Metallic Minerals Corp. is pleased to provide an update on drilling at the La Plata copper-silver-gold-PGE project. The first phase of the 2023 campaign is testing extensions of high-grade mineralization seen in 2022 drill hole LAP22-04, which intercepted 816 meters of continuous mineralization grading 0.41% copper equivalent with internal higher-grade zones. The hole ended in high-grade precious metal-rich mineralization [...]
Metallic Minerals Corp. is pleased to announce an updated National Instrument 43-101 Mineral Resource Estimate representing a 25% increase in contained metal based on an additional 1,730 meters of diamond drilling completed at its La Plata project in 2022. Inferred mineral resources at the Allard deposit now total 1,211 million pounds of copper and 17.6 million ounces of silver in a constrained model with 147.3 million [...]
Metallic Minerals Corp. is pleased to announce the start of the 2023 exploration and drill campaign at the La Plata copper-silver-gold-PGE project, located in southwest Colorado. In May 2023, Newcrest Mining Limited completed a 9.5% strategic equity investment into Metallic Minerals with the goal of accelerating advancement of the La Plata porphyry project. This funding will support a two-phase drill campaign in 2023 that [...]
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