Business
Metallic Minerals Commences $1.5 Million Exploration Program at Keno Silver Project
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2017) - Metallic Minerals Corp. (TSX VENTURE:MMG)(OTC PINK:MMNGF) ("Metallic Minerals" or the "Company") is
About this update from Metallic Minerals Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2017) - Metallic Minerals Corp. (TSX VENTURE:MMG)(OTC PINK:MMNGF) (\"Metallic Minerals\" or the \"Company\") is pleased to announce the commencement of the 2017 field exploration season at its flagship Keno Silver Project, a highly-prospective, district scale, brownfields exploration property consisting of 112.5 square kilometres in the historic Keno Hill Silver District of Canada's Yukon Territory. The first phase of the program has been designed to highlight the most prospective targets for new discoveries and to drill test the highest-priority targets later this summer. A comprehensive geologic examination on the lesser explored portions of the property will also be completed including geophysics, surface geochemical sampling and stratigraphic mapping. Over 200 million ounces of silver have been mined in the Keno Hill silver district over the past 100 years at an average grade exceeding 1,300 grams/tonne, making it one of the largest and richest silver producing districts in the world. Keno type silver deposits consist of high-grade silver-lead-zinc veins typically 1-5 metres in width, grading from 200 g/t to over 5,000 g/t silver1. The largest individual deposits in the district, which range from 10 million to 100 million ounces of contained silver, are associated with northeast trending, southeast dipping fault/vein structures which form major ore shoots in the preferred quartzite and greenstone host rocks. Metallic Minerals Keno Silver Project covers the eastern portion of the district adjacent to, and on-trend with, Alexco Resource Corp, one of the highest-grade primary silver operations in the world2. There are twelve known mineralized trends in the Keno Hill silver district, eight of which continue across Metallic Minerals' land package and occur in the same geologic settings that host the largest deposits in the district. The Keno Silver Project has seven historic producing mines with some of the highest grades in the district including four with average grades of over 5,000 g/t silver1. While several recent major discoveries have been made in the Keno Hill silver district, the eastern portion of the district has seen little modern exploration due to the longstanding, fragmented, private land ownership structure, which has now been largely consolidated by Metalli...