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Metallic Minerals Drills Bonanza Grade of 2,851 g/t Silver Equivalent at Caribou Target on the Keno Silver Project in the Yukon Territory
VANCOUVER, British Columbia, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Metallic Minerals Corp. (TSX-V:MMG) (US OTC:MMNGF) (“Metallic Minerals” or the “Company”) is plea
About this update from Metallic Minerals Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Dec. 13, 2017 (GLOBE NEWSWIRE) -- Metallic Minerals Corp. (TSX-V:MMG) (US OTC:MMNGF) (“Metallic Minerals” or the “Company”) is pleased to announce diamond drill results from seven holes drilled on the Caribou and Duncan targets in the Keno Summit area at its 100% owned Keno Silver Project in Canada’s Yukon Territory. A total of 1,320 meters of diamond drill core was collected from 14 holes in 2017 on areas prioritized during initial exploration work, namely Caribou, Duncan and two vein targets at Homestake (see Figures 1 and 2). The results clearly show that the Caribou target is a classic Keno-type high-grade system with bonanza grades, such as hole CH017-023, which intercepted 1.6 meters grading 2,851 g/t silver equivalent (1,405 Ag g/t, 26% Pb, 3.7% Zinc and 0.28 g/t Au), and that the system is open to further expansion down dip to the north and south. Final results from 2017, including the drilling from two priority targets on the Homestake block, are anticipated in the coming weeks. The objective at the Caribou and Duncan targets was to drill below the shallow historic mining and sampling on the structure to determine the potential of the systems to host significant high-grade silver-lead-zinc deposits and to provide vectors to assist follow-up exploration. The Company completed six drill holes that intersected the Caribou structure, with highlight assay results shown below in Table 1. One hole was drilled at the Duncan target that intersected three mineralized structural zones within Keno Hill quartzite, one of the district’s preferred host rocks, down dip from the historic mine confirming the presence of the main structural corridor. Both areas are expected to priority targets for the planned 2018 exploration program. Table 1: Highlighted 2017 Caribou Target Area Drill Results Hole From (m) To (m) Width (m) Ag g/t Pb % Zn % Au g/t Ag EQ g/t CH17-021 39.35 42.0 2.65 407 3.39 6.35 0.834 972 including 39.35 39.80 0.45 1,607 15.47 1.70 0.759 2,487 39.80 40.85 1.05 194 0.94 9.95 0.718 827 40.85 42.00 1.15 132 0.89 4.89 0.971 512 CH017-23 40.7 42.3 1.6 1,405 25.98 3.72 0.282 2,851 including 40.70 41.50 0.80 2,408 47.30 4.69 0.108 4,898 41.50 42.30 0.80 402 4.65 2.74 0.456 804 CH17-026 48.62 50.85 2.23 59.1 0.82 4.99 0.960 440 including 49.90 50.85 0.95 104 1.55 9.76 1.641 ...