Metallica Metals Uncovers PGM and Lithium Potential at Sammy Ridgeline Project, Thunder Bay North District, Ontario

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[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 24, 2023) - Metallica Metals Corp. (CSE: MM) (OTCQB: MTALF) (FSE: SY7P) (the \"Company\" or \"Metallica Metals\") is pleased to announce that field mapping and prospecting work completed across the Sammy Ridgeline Project (\"Sammy Ridgeline\" or the \"Project\") in the Thunder Bay North District of Ontario has uncovered the potential to host both Mid-Continent Rift (MCR) related platinum group metal (PGM) and spodumene (lithium) pegmatite dyke mineralization. The 2022 exploration program at Sammy Ridgeline has also identified several target areas with significant potential to host base metal mineralization. The Project is comprised of two claim blocks flanking Clean Air Metal's Thunder Bay North (TBN) Project (Figure 1). The potential for PGM mineralization has been identified through the discovery of numerous ultramafic intrusions across the West Block of the Project. These ultramafic intrusions are interpreted to be the same lithology that hosts the neighbouring Escape Lake and Current Lake PGM Deposits. The potential for spodumene mineralization has also been identified through the discovery of pegmatite dykes, often up to 10 m in width (Figure 2). Significant assay results from mineralized grab samples at various showings on the Project include 1.05% Cu, 0.99% Mo, 5.71% Pb, 0.48% U and 25.7 g/t Ag (Table 1). Aaron Stone, CEO of Metallica Metals commented, \"Our 2022 field mapping and prospecting program at Sammy Ridgeline has identified varying geological environments with significant potential to host several types of mineralization such as base metals, PGM's, and spodumene, which is a major source of hard rock lithium. Additional mapping and prospecting, trenching and channel sampling, and geophysical surveys will be required to develop a deeper understanding of the geology and amount of mineralization on the Project.\" Highlights: Completed prospecting and geological mapping which discovered a network of ultramafic intrusions across the Sammy Ridgeline West Block (Figure 3). MCR related ultramafic conduits are known to host significant Ni-Cu-PGM mineralization in the immediate area, with the Sunday Lake discovery and TBN deposits neighbouring the property. Trace amounts of chalcopyrite and pyrrhotite mineralization were found within the ultramafic rocks, as well as som...

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