Business
Metallic Minerals Drills 46 Meters of 256 g/t Ag Eq including 3.3 Meters at 1,413 g/t Ag Eq at the Formo Target, Keno Silver Project in Yukon, Canada
VANCOUVER, BC / ACCESSWIRE / January 10, 2024 / Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF) ...
About this update from Metallic Minerals Corp.
[{"type":"text","content":"Metallic Minerals Drills 46 Meters of 256 g/t Ag Eq including 3.3 Meters at 1,413 g/t Ag Eq at the Formo Target, Keno Silver Project in Yukon, CanadaVANCOUVER, BC / ACCESSWIRE / January 10, 2024 / Metallic Minerals Corp. (TSXV:MMG)(OTCQB:MMNGF) (\"Metallic Minerals\" or the \"Company\") is pleased to announce results from its fall 2023 exploration drilling campaign at the Company's 100%-owned, 171 square kilometer (\"km2\") Keno Silver project, adjacent to Hecla Mining (\"Hecla\") in the high-grade Keno Hill silver district of Canada's Yukon Territory. The 2023 exploration program included 1,112 meters (\"m\") in four diamond drill holes focused on expansion of the Formo target in the West Keno area, which is on trend with the 100 million-ounce (\"Moz\") historic Hector-Calumet mine controlled by Hecla.Drill hole FOR23-03 represents one of the best intercepts to date for the Keno Silver project, returning grades of 256 grams per tonne (g/t) silver equivalent recovered (\"Ag Eq\") over 46 m. This is also the deepest intercept to date on the Formo vein structure (only 275 m vertically from surface) and mineralization remains fully open down dip and along strike. Formo is anticipated to be one of the highest grade and largest contributors to the forthcoming inaugural NI-43-101 mineral resource estimate for the Keno Silver project, currently nearing completion by SGS Geological Services.2023 West Keno Exploration HighlightsHigh-grade silver (\"Ag\"), lead (\"Pb\"), zinc, (\"Zn\") and significant gold (\"Au\") mineralization was encountered in all four 2023 drill holes (See Table 1) which will contribute to the pending NI 43-101 Mineral Resource Estimate for the project.Both high-grade Ag-Au-Pb-Zn vein-style mineralization and broader zones of bulk tonnage Ag-Au-Pb-Zn mineralization comprised of high-grade vein intervals and associated stringers and stockwork veining were encountered.FOR23-03 returned 256.8 g/t Ag Eq (99.1 g/t Ag, 0.52 g/t Au, 0.65% Pb, 2.62% Zn) over 46.05 m with multiple internal higher-grade zones including, 3.3 m of 1,413.45 g/t Ag Eq (562.4 g/t Ag, 0.20 g/t Au, 2.35% Pb and 20.3% Zn). The bulk tonnage interval of this hole represents one of the highest gram-meter (g/t Ag Eq x interval thickness) intervals on the Keno Silver project to date, and extended mineralization by 140 m from the nearest 2022 and historic ...