Business
Metallic Minerals Provides Corporate and Project Update Including Key Catalysts for 2025
VANCOUVER, BC / ACCESS Newswire / March 19, 2025 / Metallic Minerals Corp. (TSX-V:MMG)(OTCQB:...
About this update from Metallic Minerals Corp.
[{"type":"text","content":"Metallic Minerals Provides Corporate and Project Update Including Key Catalysts for 2025VANCOUVER, BC / ACCESS Newswire / March 19, 2025 / Metallic Minerals Corp. (TSX-V:MMG)(OTCQB:MMNGF) (\"Metallic Minerals\" or the \"Company\") is pleased to provide a corporate and project update covering the key goals and achievements over the past year together with the outlook for anticipated catalysts in 2025 across its portfolio of projects in established mining districts in Canada and the USA.Key Corporate and Project Highlights:Released inaugural NI 43-101 Inferred Mineral Resource Estimate at the Keno Silver project of 18.2 million ounces silver equivalent contained within 2.5 million tonnes with an average grade of 233 grams per tonne (\"g/t\") silver equivalent (120 g/t silver, 0.10 g/t gold, 0.80% lead and 1.77% zinc)1.Released results from 4,530 meters of a drill program at the La Plata project in Colorado funded by Newmont Corporation's strategic 9.5% equity investment2.Undertook district-scale exploration and target prioritization work at the La Plata project in collaboration with Newmont's technical team to advance and prioritize new targets to a drill-ready status.Received additional royalty payments from gold production at the Australia Creek property in the Klondike district of the Yukon with significant project development work to support expanded production in 2025.Appointed Dr. Stephen Enders, former Senior Vice President of Worldwide Exploration for Newmont, to the Board of Directors.Greg Johnson, Chairman & CEO of Metallic Minerals, stated, \"We are very pleased with the significant achievements across our portfolio over the past two years, highlighted by our inaugural inferred resource estimate at Keno Silver and the strategic partnership with Newmont Corporation to advance our La Plata project. The upcoming year promises to be transformative for Metallic Minerals as we anticipate key catalysts that include: an updated resource estimate for La Plata, which will incorporate precious metals analyses not previously included, results from our Keno Silver drill program, and continued growth in our gold royalty production in the Yukon. With the large and mid-cap mining indices breaking above downtrend lines which extend back to the peak of the last commodity cycle in 2011, there's strong evidence that the sector has move...