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Metallic Minerals Announces Modelling Results from the Formo Deposit and Initial Exploration Progress from its Keno Silver Project in the Yukon Territory
VANCOUVER, British Columbia, July 16, 2018 (GLOBE NEWSWIRE) -- Metallic Minerals Corp. (TSXV:MMG) (US OTC:MMNGF) (“Metallic Minerals” or the “Company”) is pleas
About this update from Metallic Minerals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, July 16, 2018 (GLOBE NEWSWIRE) -- Metallic Minerals Corp. (TSXV:MMG) (US OTC:MMNGF) (“Metallic Minerals” or the “Company”) is pleased to provide an exploration update on progress at its ongoing drill programs at the Company’s Keno Silver Project, and the results of historic data compilation and geologic modelling work at its recently-acquired Formo property. 2018 Drill Program Update Building on the successful exploration and drill campaigns of 2017, exploration activities at the Keno Silver Project began in June, 2018. First stage drill testing has been successfully completed at the Gold Hill target in the Keno Summit area where four initial diamond core holes successfully tested the extension of the target structures down dip from the high-grade surface trench results. Core samples have been sent to the lab for analysis with results expected within the coming weeks. Resource delineation drilling is currently underway at the nearby Caribou target, where step-out drilling is designed to extend the known depth and strike of mineralization following the bonanza grade drill results from 2017. Drilling at Homestake, followed by Formo, will begin after completion of the work at Caribou. In addition to drilling at Gold Hill, Formo, Caribou and Homestake, the Company plans to complete first stage drill testing at additional advanced surface targets, which have returned high-grade values from surface sampling but have not been previously drilled. Work on another 20 earlier stage target areas will follow up on geochemical and geophysical targets with the objective to advance some of these targets to first stage drill testing in 2019. Formo Modelling Results and Planned Drilling for 2018 Metallic Minerals acquired the advanced Formo property, which hosts the historic Formo mine (also known as the Yukeno mine), in the fall of 2017. Since its acquisition, work has focused on compilation of historic underground sampling, trenching and drill data to develop a 3D geologic model of the known high-grade silver-lead-zinc veins on the property. Modelling results are being used to guide the 2018 exploration effort, intended to confirm the historic data and test the potential to extend mineralization at depth and along strike. The Formo deposit was first discovered in 1921 with open pit and underground production ...