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Metallica Metals Outlines 17 Exploration Targets from MobileMT Survey at Richview Pine Ni-Cu-PGM Project, Marathon, Ontario
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2022) - Metallica Metals Corp. (CSE: MM) (OTCQB: MTALF) (FSE: SY7P) (the "Company" or "Metallica Metals")
About this update from Quebec Rare Earth Elements Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 3, 2022) - Metallica Metals Corp. (CSE: MM) (OTCQB: MTALF) (FSE: SY7P) (the \"Company\" or \"Metallica Metals\") is pleased to announce interpretation results from its airborne MobileMT geophysical survey that was flown on the Richview Pine Project (\"Richview Pine\" or the \"Project\") west of Marathon, Ontario, Canada in 2021. The geophysical survey collected MAG (magnetics), EM (electromagnetics) and VLF (very low frequency electromagnetics) data across the combined Richview Pine property (Figure 1). An in-depth structural analysis using this geophysical data was recently conducted by external geophysicist MB Geosolutions that has resulted in the generation of refined exploration targets for the Project. Highlights: 17 Ni-Cu-PGM targets generated across the combined East and West blocks (see Figure 2). Of particular interest are targets displaying remanent magnetism, which can be a feature of PGM deposits, that are also located in proximity to important structures. Metallica Metals holds a portion of the western side of an important geological contact, being the interface between the Proterozoic Coldwell Alkalic Complex and the Archean Schreiber-Hemlo Greenstone Belt, where Generation Mining discovered the large Marathon Deposit along the eastern side of the same contact. Target generation work will allow Metallica Metals to complete a more focused surface exploration program with these important structures and areas of remanent magnetism in mind. Aaron Stone, CEO of Metallica Metals commented, \"These results are a great addition to the already strong geophysical indicators that we also received on our Sammy Ridgeline Project. There is a renewed PGM focus in area after Generation's Marathon discovery, who have proven that the Coldwell/Schreiber-Hemlo geological contact, of which we hold the western portion, is ripe for hosting mineralization. With planning already underway for a program on our Sammy Ridgeline Project, it's great to now have a backlog of new exploration targets that warrant follow-up ground work.\" The airborne MobileMT survey was flown by Expert Geophysics (EGL) of Newmarket, Ontario (refer to the Company's March 9, 2021 news release). The structural analysis and target generation work were completed by geophysicist MB Geosolutions of Fossambault-Sur-Le-La...