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Metallic Minerals Expands La Plata Copper-Silver Inferred Resource by 23% and Adds Platinum, Palladium and Gold
VANCOUVER, BC / ACCESS Newswire / January 26, 2026 /Metallic Minerals Corp. (TSX.V:MMG)(OTCQB:MMNGF)(FSE:9MM1)("Metallic" or the "Company") is pleased to announce an updated NI 43-101 Mineral Resource Estimate (the "2026 MRE") at the Allard deposit ...
About this update from Metallic Minerals Corp.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / January 26, 2026 / Metallic Minerals Corp. (TSX.V:MMG)(OTCQB:MMNGF)(FSE:9MM1)("Metallic" or the "Company") is pleased to announce an updated NI 43-101 Mineral Resource Estimate (the "2026 MRE") at the Allard deposit within its La Plata project in southwestern Colorado.","length":333,"tagName":"p"},{"type":"text","content":"The 2026 MRE expands the Inferred Resource tonnage by 23% and adds platinum, palladium and gold, supported by an additional 4,530 metres of diamond drilling completed since the previous resource estimate reported in 2023.","length":221,"tagName":"p"},{"type":"text","content":"The 2026 MRE now totals 181.4 million tonnes ("Mt") at an average grade of 0.36% copper equivalent ("CuEq") (0.33% Cu and 2.9 grams per tonne ("g/t") Ag containing 1,307 million pounds ("Mlbs") of copper and 17.0 million ounces ("Moz") of silver or 1,455.1 Mlbs CuEq, constrained within a block-cave-optimized underground mining shape. The updated resource includes a 45.4 Mt subset containing 91,000 oz of platinum, 121,000 oz of palladium, and 60,000 oz of gold totalling 272,000 ounces of platinum group elements plus gold ("PGE+Au") grading 0.18 g/t PGE+Au (0.06 g/t Pt, 0.08 g/t Pd and 0.04 g/t Au). The resource is estimated using an NSR cut-off of US$18/t (See Notes to Table 1).","length":746,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The 2026 MRE consists of two continuous, adjoining mineralized shells: (i) a copper-silver shell based largely on 1950 to 1970s-era drill holes; and (ii) a copper-silver-platinum-palladium-gold shell supported by Metallic's multi-element drill core sampling.","length":262,"tagName":"p"}]},{"val":[{"type":"text","content":"Metallic-era drill results of 8,240 m from the 2021 to 2023 drill and underground sampling programs support the estimation of a Cu-Ag-PGE+Au bearing subset that represents 25% of the total resource tonnage.","length":206,"tagName":"p"}]},{"val":[{"type":"text","content":"The inclusion of co-occurring precious metals (Pt, Pd, and Au) results in a 17% higher copper-equivalent grade for the 45.4 Mt subset (0.41% CuEq vs 0.35% CuEq) relative to a copper-and-silver-only equival...