Business
Metallic Minerals Corp. Provides Update on Planned 2017 Exploration Program and Recent Sample Results From Keno-Lightning Property in Yukon Territory
VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Metallic Minerals Corp. (TSX VENTURE:MMG)(OTC PINK:MMNGF) (the "Company") is pleased to provide an
About this update from Metallic Minerals Corp.
[{"type":"text","content":"VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Metallic Minerals Corp. (TSX VENTURE:MMG)(OTC PINK:MMNGF) (the \"Company\") is pleased to provide an update on the Company's ongoing compilation and exploration target definition program along with initial surface sampling results from three of the twelve priority target areas identified at the Keno-Lightning property; a brownfields exploration project, located in the historic Keno Hill silver district of Canada's Yukon Territory. In the fall of 2016, Metallic Minerals completed a preliminary surface sampling program, gathering material from three primary target regions across the greater Keno-Lightning property, namely the Caribou, Gold Hill and Homestake Targets. Though these select surface samples may not be representative of the entire target areas they show the style and grade of mineralization that is found elsewhere in the Keno Hill silver district and support follow up exploration activity to be conducted commencing in Q2 2017. Highlights: Caribou Vein Sample Ag (g/t) Au (g/t) Pb (%) Zn (%) Ag Eq. 1501201 6,284 1.07 57.49 0.71 8,490 1501202 5,015 0.53 71.33 1.38 7,698 1501209 8,807 1.58 58.51 0.04 11,063 Gold Hill Vein Sample Ag g/t Au g/t Pb % Zn % Ag Eq. 1501153 1,922 0.04 18.14 2.47 2,687 Homestake Vein Sample Ag (g/t) Au (g/t) Pb (%) Zn (%) Ag Eq. 1501203 6,562 1.30 3.30 17.83 7,534 1501210 370 10.62 12.13 0.06 1,551 Ag Eq. calculated using the following metals prices in USD: Ag $18.00; Au $1250; Zn $1.00; Pb $0.95; Cu $2.75 and 100% recovery. Greg Johnson, CEO & Chairman stated, \"Metallic Minerals has made a number of key advancements over the last six months, including the appointment of our experienced management team in September, an institution-led flow-through financing in November, and property acquisitions announced in January, which nearly doubled the size of our Keno Hill silver district land position to 112.5 square kilometres.\" \"Throughout this period, the Company has been undertaking a comprehensive assessment of the geological structures and conditions present at Keno Hill in order to determine priority targets on our ground with the highest potential to host high-grade silver mineralization similar to that which is present in Alexco Resource Corp's adjacent property. These encouraging, recent surface sampling results support our unders...