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Metallic Minerals Acquires 53.5 Square Kilometres of Additional Properties in Keno Hill Silver District
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 18, 2017) - Metallic Minerals Corp. (TSX VENTURE:MMG)(OTC PINK:MMNGF) ("Metallic Minerals" or the "Company") i
About this update from Metallic Minerals Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 18, 2017) - Metallic Minerals Corp. (TSX VENTURE:MMG)(OTC PINK:MMNGF) (\"Metallic Minerals\" or the \"Company\") is pleased to announce that it has acquired 100% interest in 53.5 square kilometres (\"km2\") of new mineral properties in the Keno Hill silver district of Canada's Yukon Territory. These properties have potential to host Keno type high-grade silver-lead-zinc mineralization and are adjacent to, or contiguous with, Metallic Minerals' Keno Silver property and Alexco Resource Corp's Keno Hill properties (see Figure 1) and bring the Company's total district land position to 166 km2. Figure 1: Keno District Property map Greg Johnson, Metallic Minerals' Chairman & CEO stated, \"We are very pleased to have been able to acquire these additional prospective properties the high-grade Keno Hill silver district, which has produced over 200 million ounces of silver. With over 100 years of mining history in the Keno Hill silver district, the geological controls are well-understood and, in recent years, the team at Alexco has made several major new discoveries through their systematic exploration in the district along the known mineralized structural corridors. Metallic's 166 km2 land position is the second largest in the prolific Keno Hill camp and is traversed by 10 of the 12 known mineralized trends in the district. The property hosts 8 historic producing mines, five of which had average grades in excess of 5,000 g/t Ag1. We are currently wrapping up our inaugural field program at the Keno Silver Project and we anticipate receiving initial results over the coming weeks from our core drilling and surface sampling programs. The results of that work and these newly acquired targets will be incorporated into our developing geologic modelling work and will help direct our 2018 exploration season plans and targeting.\" - 1 CATHRO, R. J. (Bob). Great Mining Camps of Canada 1. The History and Geology of the Keno Hill Silver Camp, Yukon Territory. Geoscience Canada, [S.l.], Sept. 2006. ISSN 1911-4850 Formo (Yukeno) Property Metallic Minerals has acquired 19 mining leases in the Keno Hill silver district from Independence Gold Corp. with 13 of these leases covering the historic Formo mine, also known as the Yukeno mine. The main showings on the Formo property are two kilometres nor...