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Metallic Minerals Announces Surface Sampling Results with up to 988 g/t Silver and 24.4 g/t Gold from McKay Hill Project in the Yukon Territory
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2017) - Metallic Minerals Co rp. ...
About this update from Metallic Minerals Corp.
[{"type":"text","content":"Metallic Minerals Announces Surface Sampling Results with up to 988 g/t Silver and 24.4 g/t Gold from McKay Hill Project in the Yukon TerritoryVancouver, British Columbia--(Newsfile Corp. - October 24, 2017) - Metallic Minerals Corp. (TSXV: MMG) (OTC Pink: MMNGF) (\"Metallic Minerals\" or the \"Company\") is pleased to announce results from field exploration programs conducted at its 100% owned McKay Hill silver and gold project, located 50 kilometers (\"km\") north of the historic Keno Hill silver district, adjacent to ATAC Resources Ltd.'s Rackla Gold project in Canada's Yukon Territory (see Figure 1 below). The McKay Hill project occurs within a belt of silver-lead-zinc related deposits that stretch from the Alaska border to the southern part of the Yukon and includes the famous Keno Hill silver district. McKay Hill is an historic high-grade producer that shows potential to host a significant district scale vein system similar to Keno Hill, with at least 16 identified vein structures that have seen very limited modern exploration. McKay Hill was discovered in the 1920s and worked on between 1926-29, including a shallow drill program by Consolidated Mining and Smelting Company of Canada (now Teck Resources Limited). Between 1948 and 1949, East Bay Gold produced 143 tonnes of high-grade material from the No. 6 vein at McKay Hill, grading 390.8 g/t Ag and 74.1% Pb.1Historic surface sampling at McKay Hill returned high-grade silver, lead and zinc mineralization associated with vein structures. More recent field work conducted by Metallic Minerals, and its predecessor, confirmed these historic high grades of silver, lead and zinc and also demonstrated the presence of significant associated gold and copper values. Exploration work in 2017 included follow up rock and soil sampling, reconnaissance and detailed mapping of veins in the Central Zone and Independence Ridge areas. In addition, high resolution satellite photography was collected over the entire property to provide mapping and topographic ground control for use in future programs. Soil sampling extended the existing soil grid in the Central Zone to cover open anomalies and a new soil grid was established at the Independence Ridge area. Mapping and prospecting noted some distinctive hydrothermal and structural characteristics to the mineralization, which suggests the potenti...