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Metallic Minerals Announces Exploration Results from the La Plata Silver-Gold-Copper Project and Retains SGS for Inaugural NI 43-101 Mineral Resource Estimate
VANCOUVER, BC / ACCESSWIRE / March 10, 2022 / Metallic Minerals (TSX.V:MMG)(OTCQB:MMNGF) (" ...
About this update from Metallic Minerals Corp.
[{"type":"text","content":"Metallic Minerals Announces Exploration Results from the La Plata Silver-Gold-Copper Project and Retains SGS for Inaugural NI 43-101 Mineral Resource EstimateVANCOUVER, BC / ACCESSWIRE / March 10, 2022 / Metallic Minerals (TSX.V:MMG)(OTCQB:MMNGF) (\"Metallic Minerals\", or the \"Company\") is pleased to announce final results of the 2021 exploration program at the La Plata silver-gold-copper project in southwestern Colorado within the prolific Colorado Mineral Belt. The campaign was successful in its primary goal of confirming the tenor of mineralization as reported in drill results from Rio Tinto, Freeport and others at the main Allard porphyry target. With that confirmation complete, Metallic Minerals is further pleased to report it has engaged SGS Geoscience to develop an inaugural National Instrument 43-101 compliant mineral resource estimate from the combined database with delivery expected in the coming weeks.HighlightsDiamond drill holes completed within the main Allard zone porphyry target confirm historical drill results and add new gold, platinum and palladium data.SGS Geoscience has been engaged to complete inaugural NI 43-101 mineral resource estimate on the project based on 56 holes totaling 15,200 meters (\"m\") drilled on the property to date.Exploration in 2021 included 1,980 meters of diamond drilling, resampling of historical drill core, underground sampling from the Allard tunnel and mapping and sampling across the broader property.Drill hole LAP21-01 intersected 380.39 m of 0.27% Copper Equivalent (\"CuEq\") (0.21% Cu, 2.08 g/t Ag, 0.025 g/t Au), including multiple significant intervals of higher-grade mineralization (see Table 1).Drill hole LAP21-02 intersected 416.28 m of 0.28% CuEq (0.23% Cu, 2.57 g/t Ag, 0.026 g/t Au), including, 128.02 m of 0.45% Cu Eq (0.38% Cu, 4.19 g/t Ag, 0.042 g/t Au).Allard tunnel sampling returned 98.2m of 0.55% CuEq (0.46% Cu, 4.75 g/t Ag, 0.03 g/t Au), including 61.6 m of 0.65% CuEq (0.55% Cu, 5.55 g/t Ag, 0.03 g/t Au).Historical drilling by Rio Tinto, Freeport and others returned intervals in the Allard porphyry system, starting at surface, that include 395 m grading 0.57% copper equivalent (0.51% Cu, 6.3 g/t Ag and 0.017 g/t Au) in LP-03 and 854 m at 0.26% Cu including 254 m grading 0.41% Cu in drill hole LP-01, both of which ended in mineralization.The mineralized system rema...