Business
Metallic Minerals Corp. Acquires Additional Properties Totalling 43.5 Square Kilometres in the Keno Hill Silver District of Yukon, Canada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 4, 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 - Jan. 4, 2017) - Metallic Minerals Corp. (TSX VENTURE:MMG) (OTC PINK:MMNGF) (\"Metallic Minerals\" or the \"Company\") is pleased to announce that it has negotiated agreements to acquire a 100% interest in three new properties covering 13.3 square kilometres in the Keno Hill silver district of Canada's Yukon Territory. In addition, Metallic Minerals has staked another 30.2 square kilometres of prospective ground in the district. These properties are adjacent to, or contiguous with, Metallic Minerals' Keno-Lightning property and Alexco Resource Corp's Keno Hill properties (see Figure 1) and represent potential near term targets for exploration activities expected in 2017. The Keno Hill silver district hosts 40 different historic silver producing deposits, with the seven largest mines individually producing from 10 million ounces up to 100 million ounces of silver. Metallic Minerals' Keno Hill holdings now cover 112.5 square kilometres and host six historic producing mines, including the Duncan, Caribou Hill and Silver Basin mines with some of the highest recovered grades in the district at over 5,000 g/t silver (see Footnote 1). Greg Johnson, Metallic Minerals' Chairman & CEO stated, \"We are very pleased with the addition of these properties to our land holdings in the Keno Hill silver district, one of the world's highest‐grade silver districts with past production of over 200 million ounces of silver grading 1,300 g/t. This grade would rank Keno Hill in the top 3% by grade of today's global silver producers2. These new properties expand our Keno Hill holdings by 60% and give us several new priority targets that add to those for planned follow up exploration in 2017.\" Figure 1 – Metallic Minerals Keno Hill Claims PDF.js viewer Thumbnails Document Outline Attachments Layers Current Outline Item Previous Next Highlight All Match Case Match Diacritics Whole Words Color Size Color Thickness Opacity Open Print Save Presentation Mode Current Page Go to First Page Go to Last Page Rotate Clockwise Rotate Counterclockwise Text Selection Tool Hand Tool Page Scrolling Vertical Scrolling Horizontal Scrolling Wrapped Scrolling No Spreads Odd Spreads Even Spreads Document Properties… Toggle Sidebar Find Previous Next Open Print Save Text Draw Tools Zoom Out Zoom In Automatic Zoom Actual Size Pag...