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Metallic Minerals Intercepts 816 Meters of 0.41% CuEq, Ending in 3.53% CuEq Over Final 9.75 Meters in Newly Discovered High-Grade Zone at its La Plata Project, Colorado, USA
VANCOUVER, BC / ACCESSWIRE / February 28, 2023 / Metallic Minerals Corp. (TSX.V:MMG)(OTCQB:MMNGF)...
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[{"type":"text","content":"Metallic Minerals Intercepts 816 Meters of 0.41% CuEq, Ending in 3.53% CuEq Over Final 9.75 Meters in Newly Discovered High-Grade Zone at its La Plata Project, Colorado, USAVANCOUVER, BC / ACCESSWIRE / February 28, 2023 / Metallic Minerals Corp. (TSX.V:MMG)(OTCQB:MMNGF) (\"Metallic Minerals\" or the \"Company\") is pleased to announce final results from its 2022 exploration program at the La Plata copper-silver-gold-platinum group element (\"Cu-Ag-Au-PGE\") project in southwestern Colorado. Two holes totaling 1,730 meters (\"m\") were drilled to test lateral extensions of the existing 985-million-pound copper equivalent NI 43-101 mineral resource1. Hole LAP22-04, drilled to the north of the resource area, intercepted the longest and highest-grade interval ever encountered at La Plata at 816 m of 0.41% Recovered Copper Equivalent (\"CuEq\") (see Table 1 footnote). This is one of the top intersections for any North American copper project in the past several years. Significant high-grade gold-platinum-palladium (\"Au+PGE\") mineralization associated with copper and silver represents the discovery of a new style of mineralization in the resource area that has not been previously recognized or explored for.The porphyry style mineralization in LAP22-04 strengthens through the hole, transitioning from chalcopyrite dominated at surface to bornite-rich at depth. The hole ended in mineralization with the final 5.2 m of copper plus precious metals rich mineralization grading 5.39% CuEq (2.44% Cu, 18.7 grams per tonne (\"g/t\") Ag and 5.0 g/t Au+PGE (see Figure 1) but did not reach full target depth due to mechanical issues. The last sample in the hole, representing the deepest material, graded 5.42% Cu, with 47.0 g/t Ag and 11.0 g/t Au+PGE for a total of 11.54% CuEq. Mineralization remains completely open to expansion of the current resource area and outward from drill hole LAP22-04 (see Figure 2). Both drill holes intercepted continuous porphyry style mineralization starting from surface and ending in mineralization at 914 and 816 meters depth, respectively. Hole LAP22-03 shows that the shallow porphyry style mineralization is weakening to the south and west of the resource but still open at depth (see Figure 3).Drilling HighlightsDrill hole LAP22-04 intersected 816 m of 0.41% CuEq (0.30% Cu, 2.47 g/t Ag, 0.186 g/t Au+PGE) from surface, ...